Post by
Masterbuilder on Jun 27, 2019 4:22pm
We are just getting to first base.
For those who like research and have a few $$ to buy some, check out the new 350-plus-page "State of the Legal Cannabis Markets" report released last week, by the duo of Arcview Market Research and BDS Analytics. The new report details every nook, cranny, and bud, or where growth will be sprouting through 2024 in the legal cannabis industry.Global legal cannabis sales growth from 2019 $14.9B to average 24% through 2024 when it will hit $40.6 billion. 50% of sales will be recreational flower from licensed dispensaries. I did NOT check to see if another forum person mentioned this last week. If so, thank you and my apologies for the repeat. Considering we haven't even had US federal reform yet, we are just getting to first base in the game. My game plan > Ride it out... don't get shaken out.
Comment by
Bikesouth on Jun 27, 2019 4:38pm
No doubt, recent drop was just market makers playing with weak hands. This stock is very undervalued compared to the extreme overvalued names. Easier to steer thru the growing pains when your mid size or smaller. This is a long term hold.