Ohhh of course - agreed with the point.

I was just trying to make the point that there is so much hate/negativity on the sector bc of political/extraneous factors - that when resolved may make it very attractive. Just pointing out the opportunity I see. Not that anyone should take it.

👍🏽 not for a lot of people - most blindly dismissing sector bc of how poor the equities have performed - but there is a real opportunity there as an emerging market over-taking a multi billion dollar illicit one.

Systematic elimination of custody has created absolute bargain barrel prices - but no one cares until the catalyst comes.

Kentucky just passed medical cannabis bill - 38/50 states now with a medical program.

Federal reform is an inevitability - which should create a crazy trading opportunity (3-4-5x IMO on the news) or investment 2-5 yr time horizon.

Tilray/sndl Can side, trulieve greenthumb verano USA side. I think usa side with better fundamentals rip to some crazy high - but well see

Moats around state licenses create barriers to entry. Medical only programs have larger barriers.

Definitely a commodity on low quality bud, but mid/premium flower is more CPG like with pricing power.

Flood of capital and excitement bc of how strong demand is creates supply surplus - but this capital constrained environment is weeding out the unprofitable fat.

Like alcohol - 4-5 will survive and dominate - and this is a long term growth giant that alcohol/tobacco and pharma want a piece of.

Lets come back to this after re-schedule happens at some point this yr.

Lol - most hated sector in the world right now. 2 year straight drawdown on MSOS etf.

Despite revenues growing 30-40%, and top four with ≈50% gross margin, ≈35% ebita margin. And >1bil in revenues. Trading 1x rev.

Stocks have been systematically fucked by custody being withdrawn bc federally illegal - pershing, euroclear, +++ have forced retail to sell stock.

But shoots are emerging - that this will reverse - with re-scheduling cannabis by HHS on the horizon. This CSE news is a small positive step

Companies with >1 Billion MC set to join the senior tier exchange include Trulieve, Greenthumb, Verano, Curaleaf

“The ultimate object of the exercise here is to ensure that senior companies receive a lower cost of capital,” he said.

Roughly 100 CSE-listed companies will be gradually transferred to the new tier starting in May, providing them with access to a lower cost of capital and a wider investor base while positioning the CSE itself to compete more directly with the TMX Group-owned Toronto Stock Exchange (TSX).

Yup - thats another catalyst which could drop in the next few months - safe is just a more near term bill to address some safety issues - with the plus of allowing banking custody and up-listing for equities

Nothing to fall for - its a bipartisan issue, thats a safety problem - everyone is on-board now and no reason to doubt it will pass.

All those conservative states passing medical cannabis is another sign that this passing is inevitable.

Up-listing and re-rating follows for USA MSOs tcnnf and grbif

My fingers have been crossed 🤞 for so long - im going to have to amputate them when this is all said and done.