RE:Price PerspectiveIF LABS were to go to $2.00 ( highly unlikely) you might see OILS at $.20c OILS tracks LABS at 10%. (approx)
Keep in mind that the OILS business is forcasted at $22 billion in the U.S. by 2022.
That is about 50% Fluids and 30% edibles. ( my D.D.) . Who is in a position to make SUPER-REFINED CBD for this market. Not many and NEXTLEAF is one of them.
This shakeout or contraction or reset is pretty typical of new segments . Check out the history of Microsoft. Facebook , Amazon and any other catagorey even COSTCO.
There is ciminal and largley stupid reasons why people are being hurt by vaping . Like everything else in this world if you cheat, cut corners, buy illegally, tamper with or otherwise disregard safety people get hurt. It's sad but predictable. They will need to get this under control and the FEDS who are understaffed and under educated always over react . How did it work when they cut off alcohol? How many people died drinking bathtub Gin?
Not to get wordy, but there are rules for driving cars and a srtict routine to get a license. How many people die in the U.S. every year because they break the law or ignore safety? Maybe the FEDs should shut dwn car manufacturing.There are hundreds of examples.
My pet peave is FENTANYL. They know where it is coming from, how it gets here and that it is almost 100% deadly on the street. Some of this garbage is being found in Vaping devices. How can that be when a 100,000 ++ people died from Fentanyl last year.
Now perspective . Super-Refined CBD is being used in the U.S. For Epilepsy and it is working.. Where is that headline and where is CNN drawing the balck and white comparison between CBD and it's best , between illegal and sanctioned .
Also who approved children Vapeing? This was supposed to be 18 yrs and older or doctor autorized. The biggest problem is people are just Stupid especially the regulators.
NEXTLEAF will be OK
JMHO