re: Let’s talk weed stocks in this thread

I'd also like to add this tidbit:

"In Colorado and Washington licensed sales soared after legalization. One crucial difference with California is its massive surplus — the state produces far more pot than it can consume.

The most recent official estimates of California’s cannabis production, a report published a year ago by the California Department of Food and Agriculture, showed the state producing as much as 15.5 million pounds of cannabis and consuming just 2.5 million pounds.

Supporters of legalization long ago acknowledged the problems of California’s surplus and said it would take years to address."


Compare this to Canada where their supply is lower than their demand. Some of the top dogs in Canada are ramping up their supply (CGC,CRON,etc) and I fully expect to see their stock rise this year with confidence. The problem is you won't get any crazy returns with them. You'll get sustained growth if that's what you're looking for.

I haven't decided to invest in LVVV or not. I'm just afraid the market is over-saturated in California right now and LVVV's price is propped up by the "hope" they will someday be the one who can sell. Can anyone with more knowledge into the company like TigrDad address any of these concerns?