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re: General thoughts on Cannabis investments
Posted on 11/11/20 at 1:57 pm to JDGTiger
Posted on 11/11/20 at 1:57 pm to JDGTiger
quote:
The underlying problem with Cannabis growing companies----soon there will be too much production.
Many people see the relaxing of laws concerning cannabis as being good for the existing companies in the production business. The reality is that it will be their death.
When Texas or even Louisiana allows anyone to produce cannabis then cannabis will become a commodity just like corn. The RIO Grande Valley of Texas could provide all the demand for cannabis for the entire USA easily. These greenhouse growers will not stand a chance.
No one has established a cannabis brand that cannot be taken down with cheaper dope.
I see both sides of it, yes I can see the commodity play; however, similar to other vices alcohol, tobacco and gaming - I'm not sure I see any type of interstate commerce any time soon as the states will want to keep the tax revenue etc.
0
Posted on 11/11/20 at 2:14 pm to cgrand
quote:
the bolded part is true...for mass market cannabis
there will still be a massive market for luxury cannabis.
Yessir! I don't foresee outdoor flower producers ever squeezing out those growing indoor flowers, but I think the outdoor growers will find a welcome home in the edible and concentrate markets. There are some exciting opportunities out there to think about.
Posted on 11/11/20 at 3:03 pm to TigerGrad2011
the person you need to speak to is TigrrrDad.
Fade whatever he tells you
Fade whatever he tells you
Posted on 11/12/20 at 6:44 am to TigerGrad2011
The point is definitely there.
Look at how this industry is now developed . What is no longer done with cannabis . They treat people, they do things, even so you can't name it all at once. But to me the real gold mine is Bitcoin. Look at how it grows and what crazy money people make on it.
Cannabis is a profitable topic, but profits will also have to be invested, think about it. Create a bitcoin wallet and your assets in it will be safer.
Look at how this industry is now developed . What is no longer done with cannabis . They treat people, they do things, even so you can't name it all at once. But to me the real gold mine is Bitcoin. Look at how it grows and what crazy money people make on it.
Cannabis is a profitable topic, but profits will also have to be invested, think about it. Create a bitcoin wallet and your assets in it will be safer.
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