Lies in Cannabis
What most people will not tell you about the cannabis business. After long days and sleepless nights away from the people you love you come to find out that there are still very challenging days ahead in the legalization process. What you can see is an avarice of tax revenue without any regard for the well being of the farmers who have built the industry. More farms went out of business in the last two months because of lapsed licenses than registering now to become new farms supporting the industry. Same rhetoric said in every California newspaper - albeit true. Just not it.
So when the Canadian profit #'s come out this week and people start to shudder about the skidding Canadian stock plays - what do you believe?
The market has yet to even begin. The world market which most of the US forgets about represents multibillions more than the US market. Most people focus on the largest market in the US. Well - let me tell you something people - the world is the cannabis market. Until people realize that the bread basket of the world right now is in Asia. You are beating on the wrong drum.
How big do you think Asia will be compared to the US market when cannabis becomes a thing? Lets take a quick look at populations. USA? 300 million? China 1.6 BILLION. Let alone other parts of the region.
Most people in the US are still thinking small - oddly HARDCAR is already in Asia. Hmmmm - Maybe we should slow down and let others catch up. Nah.