MJ stocks in the tank

Very meh LT expectations. Maybe ones that specialize in weed tourism/events, or extracts/novelty uses will find a niche.

But as its legalized in more states, people are able to grow their own plants, decreasing the need/demand for the flower itself. I think serious smokers or friends in their groups will dabble in growing themselves.

My lips are sealed.

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What are y’all’s long-term expectations for the industry?

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That it will improve dividends on fast food stocks

It's fundamentally turned into a commodity business. The industry demand growth will continue to be explosive, but even that's being outpaced by supply growth. Growth targets just aren't realistic (not baking in enough price depreciation) and valuations are still way too high. At a firm level there doesn't appear to be any real first mover or scale advantage because offerings are fundamentally so indistinguishable.

I feel that way across the value chain. In Canada provincial governments are opening up to traditional B2C online distribution that will make the brick and mortar shops that are offerings of many of the Publics (or are Publics' customers) as silly as Best Buys.

It's not like commodity stocks can't make money but right now it's just picking horses and hoping they're the winners through the scaling and consolidation.

Cannabis up big after CGC posted a smaller loss and better revenue than expected.

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My lips are sealed.

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