RE:RE:RE:So much more sleep at night proven stocks out thereYou are absolutely right: This is how I see it.
Okay lets suppose worst case scenario for second: let’s say that for whatever reason marijuana doesn’t get legalized and it stays the same. One thing is for sure, it will not get worst. Even if the industry stays without a change, it is projected to be worth 1.8 Billion dollars by 2024, so 9 years. (somewhere around there. I read the article a while back and don’t remember the exact number)
My question would be, if CGC and other stocks of this sector are worth around 2$ average today in a industry that’s currently at 80-100M, what will it be worth in a 1.8 Billion dollar industry???
What if it were to get legalized? What would the stock be worth in a 5 Billion dollar industry?? I know the math wouldn’t work quite the same but here is some idea:
1.8 Billion Divided by 100M = 18. Today’s share price 2*18 = 36$ per share in 2024
GL