Post by
allibabba on Nov 17, 2020 4:47pm
Moving on!
Well folks, I'm sure most of you will say good riddance, but i have decided to move on. At this point I don't see this ever getting back over 1.25 so I am cutting my loss and moving on to EV battery play. After a lot of thought and research, what I've come up with is that price compression will continue until there are only a few BIG players left that will supply the market. LABS will not be in a position to compete. At the end of the day, pot can be grown outdoors same as corn, soybeans or any other food crop. Extraction is extraction. There is no reason for CBD or ThC oil to be any more expensive than at 10 dollar Jamieson container of 100 fish oil capsules or a bottle of olive oil. That's what will happen here in my opinion, just look at the US legal states and you will see how the price of mj goods have dropped in price by 80 percent since they first came out. I sincerely wish you all luck, I am taking this as a learning lesson and will move on to bigger and better things.
Comment by
allibabba on Nov 17, 2020 5:01pm
One more side note. I have tried all the thc oils out there and I can make MUCH more potent thc oil with Kief from my plants I grow at home right in my kitchen for FREE. Way too much red tape in the industry. I don't want 10mg thc oil, I want 50mg oil and the regulations will never allow that. stay safe.
Comment by
Lemoyne on Nov 17, 2020 8:27pm
Good for you man. All the best.