Emblem Corp EMMBF

RE:RE:RE:RE:RE:RE:Adjustments are necessary...

[deminimis]

Regarding Colorado, my comments were just meant to point out that average prices of $6 are unlikely to happen in Canada. I totally agree with you that rec margins are probably not going to be very great. Take a look at this really interesting data on LCBO markups on Beer, Wine and Spirits:  https://hellolcbo.com/ci/fattach/get/93163/0/session/L2F2LzEvdGltZS8xNTA1OTQxNDAwL3NpZC9ob1hDb2N0bg==/filename/Pricing+Examples+April+2017.pdf

I do believe that markup for cannabis won't be as high (at least at the beginning) as they try to stomp out the black market but I think a 100% markup is definitely not an overly conservative estimate considering they currently mark up Ontario beer 150%, other domestic beer 260%, Ontario wine 128% and Whisky 337%!

I read somewhere that typically pharmacy markups are only 40-50% and obviously there shouldn't be any tax on medical. That sure looks like a better opportunity to me.