RE:RE:Until Tilray learns how to controlI get your analogy of greenhouses to mining claims.
Greenhouses were a flash in the pan, bad idea, end of story.
The only reason to have greenhouses was to protect certain slices of the gene pool to prevent winning products to go the way of Monsanto's special wheat seed that was immune to Roundup.
Greenhouses are expensive to build and maintain, heat and light when adequate amounts of field grown pot and hemp can be grown just about anywhere, more cheaply than in a greenhouse.
North America has had the black market supply that satisfied the market grown in Mexico with cheap labour, free heat and light and of good enough quality to satisfy the majority of the market and it is profitable enough that it hasn't been dethroned yet.
The only question is can they produce enough to satisfy the US market when it becomes fully legal for all States and the answer is that they will step up.
The black market needs to be swung over to legal and legit which will take some new laws and then the law of supply and demand will prevail and less than profitable growers will succumb to failure.
All of the illegal supply leaves the door open to adulterated product with pesticides or carfentanyl for a bad batch to tweak it up.
Safe supply will win the day, even for a few dollars more which gives me hope for Canada's supply which for the most part is inspected, safe and abundant as in over-supply territory.
There seems to be a segway for export of Canada Safe pot through the pharma industry.
Canada, while legal is still not conducive for profits because of oversupply and too many players so they should be forcing the Safe supply for the world issue or invest in some Mexican grows and show them the way to quality, safe supply.
Pharma is underutilized but has been the toe in the door to keep pot legalization alive. We've got a bright future and profit potential for pharm use skus.
Beverages show promise to be safer and healthier than beverage alcohol but interested parties seem to have backed off on their ambitions to supply these, although there are successful options out there that some companies have the US in the crosshairs to sell.
Until proper laws are in place to welcome fair competition in the beverage and pot market for International players to do business in the US, companies will continue to fail from oversupply and too many players.
Plus alcohol is already established and revenue producing, even profitable for some and cannabinoid drinks are going to have difficulty getting traction if they don't get a level playing field with beverage alcohol.
Building a whole new cannabinoid drinking establishment instead of utilizing the existing infrastructure is so protectionist as to be ridiculous, but that is where we are at, despite cannabinoid skus being a healthier option than beverage alcohol.
The pot biz will get a huge shot in the arm if the US does the political work to legalize and level the playing field and then we will see fugley as the weak succumb and the strong thrive.
I like the LPs chances for huge profits as formidable players on US soil if we can survive the lethargy of US lawmakers.
glta and dyodd