RE:THC- cheaper and has a license.bullmarkets wrote:
sector is hitting the skids the last few days..
That may be so, but recreational sales begin Jan 1, 2018 in the US and then by July 1, 2018 in Canada. Approaching the 5th month of 2017 we are a handful of months away, and we know that a lot of expansion news is due this year for Cali, Nevada and Canada.
THC's 1-year graph depicts a falling knife. None of the LP's that I watch have been beaten down like that. It looks like it will be getting even cheaper which makes sense since they have nothing going on in the US and likely will never make it into China. MGW on the other hand is already selling in the US, is traded on the US OTC markets, and is part of Horizon's Medical Marijuana Index. I think there is good reason that analysts chose MGW over THC, and I am keeping my money here. Long and strong!