RE:RE:RE:RE:RE:RE:RE:RE:Instututional ownershipMike411Ontario wrote: Puff your views are very conservative & appropriate of course. However, the Canadian MJ sector is like no other on earth (this planet that we reside on) & has never happened before. Consider a newly born industry & what it might be in the furture.
Do you believe that MJ will always be in high demand?
Or is Maryjane a passing fade? Hmmm ... it is also a consumable & needs to be replaced often. Grows like a weed I am told & these guys are professional farmers with an experienced mgt team. Successfull people. Not just one person either.
Of course the Canadian PM & government give the final approval & that makes it risky IMO.
Consider the ownership the Chestnut Hill farms in Florida. Florida has always been a very strict NO MJ ALLOWED state with 21 million residents & millions of visitors. Now Aphia USA is one of few LP's allowed to grow & sell MMJ. The Trump administration has no problems with legal MMJ.
So Aphria has there operations in Canada, Az, Fl & soon Ohio & thier populations are;
| | Colorado | Canada | Arizona | Florida | Ohio |
| Population (2015) | 5,500,000 | 35,000,000 | 7,026,629 | 21,002,678 | 11,646,273 |
Mike....legalized MJ is not new.Several US states have it and Uruguay was the first country to have it in 2014.
Notice how drastically the price of weed has plummetted in those jurisdictions.....as a response to increased
supply and governments setting the price low to compete with the illegal market.
I totally ignore media reports of lack of supply when legalization comes into effect....because that only pertains
to legal supply NOT the current abundant illegal supply.....which aint going anytime soon,including after
legalization. Why people think that there will be insufficient supply of weed after legalization is baffling.
Surely people don't belive what they read ???? LOL
If legalized MJ really is going to be the profit cash cow that people hope it to be...then why has not one single
"Big Tobaccao" company made steps to get into the market?