RE:Multi-StateSlow and steady wins the race in this industry 90% will fall to bankruptcy. It's very likely in the next year Florida will legalize recreational sales, the safe banking act will pass, and the battle in the Florida courts to allow companies like Trulieve to supply wholesale pot to other operators will come to pass. The heavy investment in the state of Florida will lead to 100's of millions of profits at a time when Trulieve will be able to buy out those other failing companies at pennies on the dollar to move into an advantageous position in those other states on the cheap versus the high price the first movers paid to get their businesses rolling.
There are also heavy legal restrictions and caps in most other legal states that will prevent a monopoly and restrict any sort of dominance for those first movers to take advantage of, playing into the hand of profitable companies in this sector to get a late foothold in those states. I'm content with the current position this company is in, as the most profitable company in this sector. They did it all in a medical environment where the laws were brutal to navigate, and they are a complete supply chain production, packaging 250 different products, distribution, delivery in an environment they cannot use any 3rd party couriers, and a robust footprint of retail stores. This was all accomplished with minimal dilution to share holders, at a sustainable growth rate, and extremely profitable to boot.
RetireAT100 wrote: Time to get the ball rolling, before Curaleaf or someone else dominates the other states.