RE:Too much on the supply side?LPs can't keep up with demand. Try again.
MarkAble wrote: Too much supply is a real concern. Just look at Colorado. Growers there are getting half the price of what they were just eighteen months ago with legal wholesale prices dipping to $1000 a lb and some of them can't unload it even at that price. Combine the black market, legal home growers, the 30,000 old system licences that are still in place that will probably be grandfathered into the system PLUS all these newly licenced growers with hundreds of thousands of square feet of grow space and highly efficient growing systems and you are going to see the supply side overwhelming the demand side. And a per gram price slide down to a couple of bucks. I'd say the 52 week low on this stock is a lot more realistic than the 52 week high.