Quote:
Originally Posted by Greedy,Greedy,Greedy
The grift of choice these days.
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The heartache among the people spending hundreds of thousands of dollars to buy medical licenses is going to be severe.
You can look them right in the eye and say, "Long term, where's the barrier to entry?" And they've no answer.
Running with the herd and timing sale near top is an effective investing strategy with this stuff. But buying into the industry as a small business person is insane. The runway is minimal. You're a trojan horse for the recreational market that follows which eliminates even the suggestion you've a barrier to entry.
I think a few players will make some cash using weed as an opioid replacement/intervention device. But that's niche, and those contracts are going to be gobbled up by the huge players best positioned to withstand enhanced regulation and attract significant financing, which for good reason is skittish about this industry.
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