Thanks, lots of good info there.
Thinking about the marijuana sector long-term, I've been wondering about the viability of the current "well-known" marijuana companies remaining at the top of the sector. I know that many on these boards don't believe in the companies currently being traded, but few doubt the viability of a legalized marijuana industry anymore.
Once it becomes legal, what's to say a company like pfizer, whose market cap could eat the entire sector for breakfast, doesn't buy them out or compete by starting a subsidiary co.? The thing I feel like most people overlook is the impact the legalization will have on the medical industry. Legalization and regulation leads to even more scientific inquiry and research on the actual health benefits of marijuana. There are already tons of scholarly articles documenting the various health benefits that cannabinoid consumption offers. It's one thing when "some stoners from the west-coast" get a marijuana prescription for their anxiety from a marijuana doctor charging $75 a pop for the card, but it's entirely different when grandma is getting her marijuana prescription for her alzheimers from her geriatrician.
I'm not saying that's bad or good for the long term prospects of these companies. Although it's difficult for me to see it end up bad at this stage of legalization and at current prices, [those screaming .10s might disagree, and I would love to hear a legit response].
By the way, this isn't an attempt to induce buying into any one company (i.e., "pumping"). To the contrary, I don't claim to know anything about what the next week or month holds, (although I do have an idea).
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