RE:Fight beginsOne problem with thc/cbd is it's so easy to grow and the average person requires so little (10mg) to get the feeling they are looking for.
But then again anybody can make their own wine, but that doesn't put much of a dent in the wine industry.
Trudeau is just playing pr games - the US doesn't need our cannabis, they are more than capable of producing more than they need of the highest quality.
Canada also has protections in place to secure local production, such as in dairy and eggs - that's actually why our prices are higher than south of the border, the few mega-producers here have a monoploy that makes them very wealthy at the public's expense.
They call it supply management.
From what I can see the biggest barrier to these cannabis stocks is the black market and the governments over taxation of the legal market.
The cdn gov't needs to lower the taxes on legal production so the lp's can compete with the bm.
Some people you should only purchase from the legal market because of contamination, but mold is a killer and the legal market has plenty of it that they attempt to irradiate which lowers the quality.
In my world we are still not buying from the legal market because the quality and price from the west coast bm is much better.
For example we are purchasing top shelf live concentrates for around $10/g - wheras the ocs starts at $40/g.
It's all mail order and neither canada post or the gov't can prevent it - they can afford to charge less because there are no taxes and less middle men.
On the ocs you'll pay at least twice as much for craft bud.
We grew 20lbs in the backyard a few years ago and made kief and rosin out of it - that is so much thc that there's enough in the fridge to last years.
If i buy anything it's because i want to sample the very best of whats out there, not because i need it, and i'm not going to pay more than $4.50/g for top shelf craft.
So what does this have to do with stocks and the sp of canopy.
I do my own analysis of the cdn and usa producers, and canopy does not come out on top.
If you're going to go long you have to consider all the factors and weigh the risk of one company's longterm uccess over others, and keep weighing that risk as time goes on.
Recent history has proven that cdn cannabis is a very dangerous market to go long in, I pulled out in time but many lost and are still watching their investment dwindle, hoping that canopy for example will make a real comeback, not just a hype spike and continued slide.
You can't blame it on shorts, they are shorting because they've weighed all the factors, and the prices of these stocks are indicative of what these companies are calculated to be worth, all things considered at any time.
As far as I can see, vff has the most potential in canada based on the product reviews I am seeing and they are comparitively undervalued, nevertheless there is always some risk involved.
Canopy to me seems very speculative, its good to day trade because price change lag after news but I imagine AI will eventually make it more difficult for day traders to get a slice of the pie.
It amazes me how some people think the company is so much better because after losing 300mil on biosteel, they got rid of that ongoing disaster and so clear skies ahead lolol, its like someone stops slapping you in the face so now you are best friends again, i can't wait to see the next round of bonus's they award themselves