(Total Views: 295)
Posted On: 10/31/2019 11:45:44 AM
Post# of 2219
Positive mj industry news - especially the last article listed is very intriguing
There is plenty to be excited about in the CA cannabis industry (especially if you are a SIGO shareholder holding scarce shares of a PROVEN cannabis cultivator - at 12K sqft scale - before everyone else gives a crap about them.) Stock shorters will point to temporary inconveniences and try to extrapolate them into industry doomsday issues - they are not. Below are examples of things moving forward in CA:
1: Prospects brighten for cannabis farmers in California’s Emerald Triangle: Q&A with Humboldt Alliance’s Terra Carver
https://mjbizdaily.com/prospects-brighten-for...ra-carver/
2: Cannabis farmers in Western states report large crop yields, only minor challenges
https://mjbizdaily.com/outdoor-cannabis-culti...arge-crop/
3: Buying cannabis licenses on secondary market more of a sure bet than applying for state business permits
https://mjbizdaily.com/buying-cannabis-licens...ss-permit/
IMO, SIGO already a $20 million company just with all their licenses and regulatory processes dialed in.
There is plenty to be excited about in the CA cannabis industry (especially if you are a SIGO shareholder holding scarce shares of a PROVEN cannabis cultivator - at 12K sqft scale - before everyone else gives a crap about them.) Stock shorters will point to temporary inconveniences and try to extrapolate them into industry doomsday issues - they are not. Below are examples of things moving forward in CA:
1: Prospects brighten for cannabis farmers in California’s Emerald Triangle: Q&A with Humboldt Alliance’s Terra Carver
https://mjbizdaily.com/prospects-brighten-for...ra-carver/
2: Cannabis farmers in Western states report large crop yields, only minor challenges
https://mjbizdaily.com/outdoor-cannabis-culti...arge-crop/
3: Buying cannabis licenses on secondary market more of a sure bet than applying for state business permits
https://mjbizdaily.com/buying-cannabis-licens...ss-permit/
Quote:
“The average group will spend $300,000 to $1.5 million pursuing the license and not get it,” said Avis Bulbulyan, CEO of Siva Enterprises, a Glendale, California-based cannabis business development and solutions firm.
Quote:
Just a paper license without assets or operations can sell for upwards of $45 million in Florida, which issued only 22 cannabis licenses for the entire state.
A paper license with no assets or operations sold for $11 million in Madison Heights, Michigan, which awarded just two retail licenses for the entire municipality.
IMO, SIGO already a $20 million company just with all their licenses and regulatory processes dialed in.
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