RE:RE:Liberty leaf has missed the boatKushMan wrote: Nope.. Not at all because there is no way that the existing producers will meet the demand as they are making deals abroad (which will also have to be faciliated), AND there is not enough sq footage ready to go for July 1/17 to faciliate our own market which means they will NOT have an ample supply of weed that is ready for sale.
Even if HC awards 300 SALES license's between now and April 1 (which at the rate they are awarding them is going to be an impossibility), there will not be enough weed to facilitate the recreational market as of July 1/18
KushMan
:) Abpatchkid1 wrote: Isn't the point of this stock to distribute marijuana and marijuana related products? It's 6 months or less until the summer time legalization date. No license to distribute, can't store up product = a useless stock, that missed its mission and goal. Jmo.
Snippet taken from this june 6th 2017 article
https://ottawacitizen.com/news/local-news/expect-some-empty-shelves-and-lineups-when-canada-legalizes-pot
On the supply side, the numbers look insurmountable. By the time pot is legal, Canadians will be consuming 655,000 kilograms of recreational cannabis a year, according to a report by the office of the Parliamentary Budget Officer.
Salz estimates that medical growers now collectively produce 80,000 kg a year. They have capital funding in place to expand that amount to about to about 400,000 kg to 500,000 kg.
But even under ideal expansion circumstances without “execution risk” — anything from delays in construction to trouble getting financing — it would take two to three years for producers to supply enough cannabis to meet demand, he says.
Newer estimates put demand closer to 900,000kg per year.
There will be plenty of time for new LPs to get into the market.
First mover advantage is big but not insurmountable.
Just look at google.
late to both the browser and smartphone markets and look at them now.