RE:Look at the market cap of some small banksFor the near future ALL are stating we will have a supply shortage. In a few years yes your saturation claim is problably true.
I believe the government will control the profits (via taxation) to the point that these companies are similar to alcohol. For the short term though the government will "play ball" with the LP's as they are hand in hand going after the black market. Point being is the governments primary objective (stated many times by the feds) is to replace the unregulated, untaxed black market.
None of these companies are stupid enough to show profit right now (or even for another year or so). Profit is taxed. We will see almost all revenue either put towards opps or to expansions. By 2020 it will be come a cost/gram war. I think ACB is already gearing up for war.
Either you believe demand is their once legal or you don't. This isn't all that complicated.