Some FactsI just rewatched the BNN interview with Jonathan Rubin of Cannabis Benchmarks. Here are some of the highlights:
- Wholesale prices have been dropping but are starting to stabilize.
- Average price is $5.83 + $1.14 tax = $6.96 wholesale.
- Dried flower is 7,600 kg /month. 3/4 rec., 1/4 medical.
- Finished inventory stands at 31,000 kg........ a 4 month supply.
- Unfinish inventory (waiting to be packaged and labelled) is 144,000 kgs.
........a 20 month supply.
- The 3 or 4 biggest producers will be 1.1 million kgs..... a 10 year supply.
- Extracting and exporting will be the key to survival.
- Only 15% - 35% is legal so these numbers should rise as the black market fades.
- Wholesale prices will drop to 1/2 or 1/3 from where they are now.
- Is a day of reckoning coming?....... He says YES
From this, it is evident that only the best will survive. .......Let's hope that Aphria will be one of those.