Robots.... :t_up:
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I haven't smoked much for a decade or so, so my finger is perhaps only marginally more on the pulse than yours. However, I do know quite a few people with good jobs, who smoke occasionally, and would most likely pay more for premium products in the same way they currently pay for premium alcohol. Time will tell.
govt needs to replace the declining tax take in the future from petrol , cigs unless of course you want to pay more tax.
you forget to mention the health benefits to people from consuming weed and the premium money to be made from thses premium products.
as for ag i see the per hectare profit from hemp is far surperior to lettuces so i imagine those current half brained weed smoking growers will do quite well growing it for a legal living.
OK, so we established it is easy to grow and the margins are a dream - given that so far the risks (of prosecution) are high. Remove this risk - wouldn't you expect competition to move into such a lucrative market like flies smelling a rotten corpse? Now - lets think about it - what does lots of competition do to an industry where the only moat is that you need to own (or lease or just use) a small patch of land (or enough pots)? Just lets consider for a moment what might happen to the margins.
But maybe one needs to consume some of the discussed product to better understand the business case :D;
actually if you have a govt controlled market, licences are applied for to grow the stuff the fees go to the govt , the current weed smokers growers i would imagine should be allowed to work for the owners of the land being well compensated to work there magic.
by the way i get back pain regulary affects my sleep sometimes so i would like the option to legally buy weed for a better sleep without the risk of being turned into a criminal. pills have such bad side affects dont they
anyway serious money to go round for lots of people and the govt , less for crims
:eek::eek:
Now we've got that Fed nonsense out of the way we can get back to some more normal volatility. Lol
raised as market expected , im glad still shows confidence going forward