Posted On: 02/27/2014 6:21:47 PM
Post# of 56323
Re: Green Grass #507
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.
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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