I believe those figures were solely based off the U.S.
I believe those figures were solely based off the U.S. market, not the Canadian market. That being said, I still think they are underestimating the demand in the market.
According to the article, Colorado's new projected tax revenue is going to be approximately 132 million. I'm not a mathematician by any means, but with a 3.5% state tax, that should put the the market somewhere around $3.75 billion.
Overall, this is just the beginning of a long road. I'm long FITX because of this. Every government sees the potential opportunity to capitalize on a large untaxed market. In addition, I feel that as it becomes more legal, it is also going to become more socially acceptable and further expand the potential market.
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