Real opinions of legalization please.former patient/customerI was a former user, and investor (in and out) of medical marijuana provided by aurora and then canopy growth, for about 2 years. My experience has been great thus far, very professional service, good products....yet....
Now the uncomforatble part. I know what these companies are valued at, and it's a no-brainer investment in most cases BUT, why am I a former customer? The reason is that smoking pot is outdated, especially when it's actualy used for medicinal purposes, the government is 2 years behind the "Illegal dispensaries". They aren't allowed edibles, concentrates or anything with a significant THC content that can be used for true pain relief AND for experienced usres. SO...I've been buying at local shops that have 20x the variety!!!! Without shipping costs either. Anyways....
My VERY SERIOUS question as an investor is, CAN the underground shops that are popping up every day with hundreds more products, take away some market value, and how much in your unbiased opinions? 1%? 5%? 10%? They have taken away 100% of my cashflow, and I am only 1 in thousands that spend up to $300 per month.
I am a very experienced user, and only moderately experience investor, but if you have further questions or comments please go on, I want to contribute and grow, this is a very serious issue for all investors :)
Cheers