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Bullboard - Stock Discussion Forum Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.

TSX:FIRE - Post Discussion

Supreme Cannabis Company Inc. (The) > The Cannabis Boom Just Started:
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Post by RReis09 on Oct 14, 2020 10:41am

The Cannabis Boom Just Started:

Theres reason to believe that the global cannabis boom started in 2020. Everyone looks to Canada as the pioneer of the global cannabis legalization and de-stigmatization trend. Rightly so. They are basically the first developed country to nationally legalize cannabis. In Canada, the cannabis market got off to a rough start in 2018 and 2019 because, quite frankly, nobody knew what they were doing. Canadian government officials didnt know to regulate the industry. Cannabis sellers didnt know how much product to make, or where to sell it. Buyers didnt know where to buy the product. It was a mess. But, in 2020, that mess is getting cleaned up. Government officials have relaxed tight restrictions, and the number of cannabis retail store openings in Canada is booming. Producers have right-sized their supply to match demand, and are getting that supply into the right channels now. Consumers are getting more and more comfortable with the legal model, and legal sales in Canada are hitting new record highs. In other words, Canada is finally figuring out how to turn robust demand for cannabis, into a booming market. The rest of the world will follow that blueprint. Over the next decade, more and more countries will legalize cannabis, sales globally will boom, and the massive cannabis wave that we were all expecting back in 2018, will finally arrive in the early 2020s.
Comment by vulcan123456789 on Oct 14, 2020 10:53am
well said and I would agree.. however many lps are still trying to right size .... still figuring out most profitable products and what's in most demand.. supreme although we as well made mistakes. we are leaps and bounds ahead of the pack.. in figuring out channels .. demand.. and product mix.. although not there yet we will continue fine tuning and achieve profit long ahead of many lps.. as ...more  
Comment by George141 on Oct 14, 2020 11:01am
...yes mistakes were made...inexperience because there was no precedents. It was all about size...not quality...Supreme was ahead of the curve from the get go. I agree the situation looks bright going forward. maintain
Comment by nearnorth101 on Oct 14, 2020 12:27pm
there still needs to be a number of changes made to make the MJ industry run smoother , one is taking of the limit on amount of MJ that can be purchased, Right now I can only buy 5 Tweed THC drinks at a time, I should be able to buy as much as I want just like the alcohol industry
Comment by maritimedreamer on Oct 14, 2020 12:37pm
but but think about the children!!!! There are alot of things that need to be re-visited (Packaging requirements, marketing restrictions, edibles potency etc).... but at least they are heading in the right direction. Something that i always liked about supreme was the balance between size and quality. They were successful in that.... but they still made alot of mistakes as they went. Beena seems ...more  
Comment by vulcan123456789 on Oct 14, 2020 12:37pm
very true.. alcohol has always been given preferential treatment over tobacco and now mj.. as it best lines gov pockets. the deaths and broken families mean nothing as long as they reap the tax dollars from big alcohol. .theres no car crash pictures etc on beer cases.. as well you can visually see products and make selections. unlike tobacco..its a matter of self interest to gov
Comment by nearnorth101 on Oct 14, 2020 1:10pm
I'm sure things will change for the better over the next several years but having a cap on how much you can buy is a huge liability and extra cost to deal with multiple small orders instead of one big order which would make OCS more cost efficent. Right now I have to drive 1/2 hour each way to my local cannabis store and I can only order 5 beverages, which is crazy. I've just been putting ...more  
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