GREY:MRRCF - Post by User
Post by
Davesnothereon Feb 09, 2020 12:14pm
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Post# 30664151
Do over ? LOL
Do over ? LOLA lot of people, myself included, got burned by investing early in the cannabis space. Many disappointments due to bad timing, bad management, over regulation by governments. Bad luck!
Today it occured to me that the single biggest reason for all the failures so far is the presence of a healthy black market for cannabis products. THE BLACK MARKET does not need to raise cash publicly, operates outside the law, pays no taxes and is totally in tune with customer demand.
That's the MAIN REASON why even well financed LP business plans have been failling to thrive ever since legalization.
They said legal pot would become a new industry. Not really. Legal pot is one new pipeline that runs in parallel with an older pipeline called the Black Market.
Go APHA , HVT ( ouch), WAYL ( ouch), TBP