RE:Many reasons weed stocks are going brokesotypical wrote: Canada's Black Market to Control 71% of Marijuana Sales in 2019
Health Canada outlined a rigorous set of packaging regulations
sales permits were taking, on average, 341 days to be issued following the receipt of the application
I don't own the stock, I am just lurking. Your article is old and misleading
Jun 9, 2018 at 7:21AM. As for the black market contolling 71% is rather good news. Everywhere a store open, the black market goes down in the area. Many like myself wouldn't buy in the black market, and many have no choice if they want to consume. I would not consume stuff that could be tainted with chemical. If there is mold before the harvest, the black market guy wouldn't mind putting chemical to kill the mold, just before selling it. The illegal vapes killed many people and handicapped hundreds of people.
The authority will crack down on these illegal sites, to not lose taxes and the problem will eventually be fixed. Though, there will always be a black market for the guy who is too lazy to go to a legit point of sale, but rather, will buy it in the bar where he uses to go.
You didn't provide a link to the title above in big letters, that I put below, because the article is not as negative as you want people to think. These are problems that will be fixed, and are being fixed. This is why I am on the side waiting to see the quarter result of some companies that could interest me, because there are many problems to be fixed as stated in the article. I will not touch the stock at this point. I want to be sure they are not overproducing, and that their products are selling. Show me the revenue! On another point, many of the positive articles are misleading in a way. If it is true that the cannabis market will reach $billions, there is still lacking point of sales, the roll out of products without interruption, and let not forget the competition. Even the struggling companies that will not make it in one or two years, are selling products that will lower the revenues of the ones that will make it.
https://www.fool.com/investing/2019/02/09/canadas-black-market-to-control-71-of-marijuana-sa.aspx Health Canada changes cannabis licensing process in bid to cut wait times
https://www.cbc.ca/news/business/health-canada-cannabis-licensing-process-1.5128282