RE:RE:RE:Once monday comes these MJ stocks will crash Yes they own 32% of the market as of NOW while the market is still for MEDICAL. With the way things are going marijuana wont be legalized until 2018/2019 do you know how many more companies will be licensed by then and how much more competition theres going to be?
Yes that revenue is based of medical and not recreational and thats what the sp should reflect. Yes there should be some hype built into the price because we are nearing legalization. But a company that has a market cap at 1.5 billions thats bringing it 8 million is just ridiculous considering the revenue from recreational marijuana wont be seen for a couple years. Thats to much time and so much can change/ happen.
Trudaue is for legalizing but at the same time he wants to see a decrease of use for younger canadians. Health Canada is seeking a legal age of 25+. So many details still have to be figured out.