The pot industry is having serious problems. The market was not only way overestimated, sales are down.[1]
World's smallest violin plays.
[1] https://www.ft.com/content/de36eb98-f28d-4594-9ae6-624d25802...
This growth story I never understood. The grey market has been extremely saturated for at least 20-30 years - demand can’t really grow from “everyone who wants it has it”. There is barely any value add that a company can do with the raw output (flower). The growing and processing equipment is already a mature market. Growing is easy if you can follow a basic guide and invest $500 in equipment. Harvesting is just cutting it off the plant and putting it up to dry.. The vape cartridges etc, anyone can buy from AliBaba for cents a piece. I just don’t see where you can outcompete a random Joe
Fentanyl contamination is a real concern though.