RE:RE:RE:RE:Hillary Clinton's Pledge to Reschedule Marijuana if Elected This fact draws attention to the major disconnect in shareprice between GLH and the Major LPs.
As of July first Oregon has 66 880 Medical card holders, Along with already being recreational.
https://public.health.oregon.gov/diseasesconditions/chronicdisease/medicalmarijuanaprogram/pages/data.aspx
Oregon Pop: greater than 4 million
Washington As of March 1 2016: 138 056, and fully rec. https://medicalmarijuana.procon.org/view.resource.php?resourceID=005889 (this site has oregon listes as over 77000)
Washington Population: Greater than 7 million
the total in these two states combined is over 200 000 patients. Or roughly 4 times the size of the entire canadian market as of March 1/2016. While recreational use is legal in these two states, With both presidential candidates pledging to at minimum maintain status quo. Canadas legislation on recreational use is still being studied, with the possible implementation of legislation at least 1-2 years out from today.
With a record number of states putting legalization on the ballot in November, its only a matter of when US federal laws change. GLH is poised to establish brands in this emerging industry, and expand its domestic market before Canada even makes recreational use legal. By the time Canada rolls out its recreational program, GLH will ready to expand into the Canadian Market. As will other public, and private brands established in the USA.
The arguement about processing times, and costs for LPs in Canada is moot point. The current system as it stands will become obsolete, (much like medical programs in states that went legal rec) and the doors will be open to competition from both at home and abroad. Only the largest players in Canada will maintain their status, and by which point how large will the US market be?
The take away here is that yes, GLH as of today exhibits siginifcant risk as opposed to its Canadian Peers. Yet this can change quite dramatically over the next few months. by the time the Canadian government passes its proposed legislation next spring, look for consolidation where larger plays (think CGC) swallow up smaller competition. I'd almost bet shareprices for LPs will jump and then languish until recreational use is legal at a later date. I expect by next spring, more attention on the US market will help float GLH. The reason being is that There are certain states largely expected to go rec, including California.
Enough rant, this was all whats on top of my head today, but in my notes I have plenty of reasons to maintain bullish on this play. So long as managment does not cr@p the bed, or we run out of money, or get dilluted to hell, or Trump burns the country down... I will maintain my position for a while to come.
GLTA