FRIENDS IN HIGH PLACESSo I have two good friends who work for two different established dispensaries. In the past week I've had good conversations with both. A couple of things worth noting. 1) Both were noting a decrease in overall daily sales. Both said it wasn't due to competition, at least in their area. Both attribute the decline to overall inflation..... people just don't have the same discretionary dollars. I asked both about the recent spike in gas and both anticipate this will make the situation worse. People need gas and groceries before Weed. So on that thought, while there may be some "recession-proof" thought to the industry, it is definitely not inflation-proof. Adding to that end, both noted people were buying cheaper products, that don't have the same profit margins. This is bad news for the industry as a whole, already having a race to the bottom on price, and particularly bad for Canopy, who is now putting their focus on the craft end of things when the market is moving to the budget end. Additionally, Tokyo Smoke prices are already 10-15% higher than competitors on the exact same products, so they will be hit even harder with consumers going very budget conscious. All of this does NOT bode well for Canopy's next quarter.