RE:Supply and DemandThe supply will always exceed demand, north america is saturated with cannabis products.
I don't think we have to worry about the bm and flower since the legal market is now offering pretty good quality flower for $120 or less per oz - I'm getting very nice qualty oz's from value buds for under $100.
The pre-rolls that I have seen on the bm are poor quality.
Where the bm shines is with edibles and concentrates, and the edibles is all the governments fault, I think the government is afraid kids might overdose on edibles if they allow bags of gummies that contain 500-2000 mg thc instead of the legal edibles which have only 10mg thc per package.
Most of the large cannabis companies are surviving on retail investment, except for perhaps OGI and VFF who get less recognitiion because their market cap is lower.
This is a risky market to go long on, you're almost better off buying gold or crypto, this is a market for savvy daytraders that play the swings.
There are a lot of weekend smokers who purchase pre-rolls because they're not into rolling.
I think we are going to see a lot of people who don't like to smoke making their own edibles or adding a bit of flower to their tea or coffee a few times a week.
Growing your own is a lot of work, almost nobody can grow quality weed at home, it's so much easier to buy an oz of flower, and that oz can last a long time because at 20% thc there is 200mg X 28g = 5,600mg of thc in an oz of flower, and if you're decarbing in the oven or tea or coffee there is little waste because it's not going up in smoke, so even if you take 100mg thc every day (which is quite a lot) an oz will last you about 2 months and cost you only a couple dollars a day.
All these predictions about cannabis sales increasing in north america seem overstated since cannabis is so readily available already. I doubt anyone is making money selling cannabis drinks, not yet anyway, you should be able to buy a case of 24 cannabis drinks for the same price as beer, that would be good but I guess the alcohol companies don't want the competition, maybe that is why stz got involved in cannabis because if beer and liquor stores do start selling cannabis they need to be into that market. What happened to shoppers drug mart and cannabis, they can't compete, the margins are too small to justify the cost. This nonsense that canopy sp is going to $100 is ridiculous and don't forget thats only $10 pre-split, federal legalization is probably not going to happen for years. Canopy simply cannot make a profit in Canada, not unless the gov't backs off on the taxes.