RE:RE:RE:I think Canopy management is making a blunder... I view the investment as another horse to get in on the future dance if and when the US gets legal on the Federal level.
Spin that Hemp / CBD farm into a THC growing / patent research product selling monster.
Of course it's an expensive bet - just like Acreage is. But fortune favours the bold. If it is going to go up - do it big. If it goes down then scorch Earth this mofo and take everything with it. lol
doobiebaby wrote: Star, the problem with the CBD industry is that there are already competitors that are much further along in their builds and distribution deals (CWEB, CVSI and then a host of others). You can buy CBD everywhere in the US now and the situation is only going to get more out of control as the consumer packaged goods companies get into it. I just don't see how WEED is going to dominate the CBD industry in the States. I'm not sure anyone is going to dominate the CBD industry in the USA. It is probably going to be as simple as existing packaged goods companies that just add a bit of CBD to their existing product lines for extra margin. Sure, there might be some craft CBD producers that make high quality extracts for high margins, but that business will not be as large as the mass products that the masses reach to most days of the week.