RE:To all who think MJN is a bubble DrSchwartz wrote: Bubble? That is laughable. Alcohol is a ~$120B per year industry......120 Billion for ONE product....Cannabis is:
- smoking
- vaping
- THC beverages
- animal wellness
- replacement for anti inflammatories
- cosmetics
- pharmaceuticals
- recovery drinks
- diet suppressant AND stimulant
- therapy for addiction
- anxiety treatment
- epilepsy treatment
- parkinsons treatment
- depression treatment
If you think this is a bubble you're actually an idiot. I said it. You are short sighted and cannot see the forest for the trees.
Canada is the ONLY industrialized nation to be recreational in 20 days. Our top cannabis companies, of which aphria is one, will DOMINATE the market as the head start we have is in the order of years and billions of dollars and intellectual property developed.
Shorting this stuff is a play on volatlity which is fine...but true believers will be holding these shares for the next few years and not worry about the fluctuations in the meantime. Once in a lifetime oppotunity and for ONCE canada is going to be a global leader in a very cutting edge industry.
Great post , and 100% true. The market for cannabis related products will dwarf alcohol in the next couple years. What we are seeing today is the tip of the iceburg