GREY:ALEAF - Post by User
Comment by
sthineion Mar 17, 2021 9:21am
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RE:Raise money burn money
RE:Raise money burn moneyI hear you. Big issue is that there are not a lot of barriers to entry and every country is getting ready to jump on the bandwagon. Will they want to continue to import medical cannabis if it starts to be culivated in force domestically? The would undoubtedly get better pricing. Also there will be countries coming on board where cannabis can be grown year round with lower labour and land costs. I think there is a window here where some companies can do reasonably well but I am concerned longer term. Canada has the benefit of being the first and the companies need to try and take full advantage of that while they can. Weed is not like alcohol, with loads of marketing and tons of variety, fancy packaging and some premium product that can sell for hundred and thousands of dollars for a bottle.