RE:RE:RE:RE:now FIRE heating up... good post,
one of the biggest distinction is: bitcoin, in itself, is worth nothing. it is NOT backed by a government and is technically 100% speculation. also it can be replace by coinbits (it's imaginary competitor) in 24h flat. I am not saying that the technology cannot be applied for the purpose of buying cannabis in California where it is difficult to deposit large sums of money in a bank account since cannabis is illegal in the USA, but you don't need bitcoins for that...you need the technology of bitcoin.
On the other hand: Cannabis Canada: it is the end of prohibition...it is like buying molson the first day they open their doors for business...Is it possible to get in cheaper...maybe (the price may drop) maybe not (the price may rise). That is the first gamble.
The second gamble is where to invest if you wish to be part of perhaps the biggest investment opportunity of the century....(or not maybe by next year no one will want to smoke weed and drink kerosene instead...who knows with millenniums) in my opinion any license producer with the cash to ramp up production stand a good chance. yes even ACB (not my first choice....not my tenth choice...well maybe at 2$...maybe 2.01$)
Now if you take into consideration that NONE of these LP had access to bank loans up to now, and that investors have been pretty much...just us (at 75-90%). what will happen to the share price when billions of dollars of investment money start start breaking that psychological dam (and yes this will NOT happen next week, probably not next year) because whether or not you like it cannabis is going GLOBAL and that is...a ...lot...of...weed.
so...yah I think there is room to grow and even if today may not be the cheapest price we will see...it looks pretty decent to me...compared to last year....now what about next year?