Good info Airedale. All companies mentioned could
Post# of 4861
(Total Views: 227)
Posted On: 07/29/2020 10:01:48 AM
Good info Airedale. All companies mentioned could take off with an improving economy, and I hope that does happen soon.
In my opinion, the reason so many cannabis companies are doing poorly right now is because they overextended themselves in the race to gain brand loyalty and market share. The result will likely mean many of the front runners will now need to downsize. Unfortunate!
While some companies blame the corona virus, I see others still growing and adding revenue. I know that when people are shut in as is the case right now, many turn to alcohol or other substances. Some turn to these substances to forget their worries, while others seek entertainment, and still others just need to mellow out and sleep better. This suggests to me that mind altering substances have a place even in a down market such as the one we are in now.
For those cannabis companies that emphasize pot shops to sell their products, foot traffic is likely to be down. Yet, successful companies have turned to curbside pickup and are doing fine. The corner pot shop is an outdated notion from a by-gone era in my opinion (based on the drug dealer selling products on busy street corners). Since this model was well known by most cannabis vendors, they continued this model as cannabis became legal. I suspect the pharmacy will be the model of the future, and I am placing my bets on this model. I certainly could be wrong (I have been known to make a few mistakes every once in a while), but I like my chances.
Kgem
In my opinion, the reason so many cannabis companies are doing poorly right now is because they overextended themselves in the race to gain brand loyalty and market share. The result will likely mean many of the front runners will now need to downsize. Unfortunate!
While some companies blame the corona virus, I see others still growing and adding revenue. I know that when people are shut in as is the case right now, many turn to alcohol or other substances. Some turn to these substances to forget their worries, while others seek entertainment, and still others just need to mellow out and sleep better. This suggests to me that mind altering substances have a place even in a down market such as the one we are in now.
For those cannabis companies that emphasize pot shops to sell their products, foot traffic is likely to be down. Yet, successful companies have turned to curbside pickup and are doing fine. The corner pot shop is an outdated notion from a by-gone era in my opinion (based on the drug dealer selling products on busy street corners). Since this model was well known by most cannabis vendors, they continued this model as cannabis became legal. I suspect the pharmacy will be the model of the future, and I am placing my bets on this model. I certainly could be wrong (I have been known to make a few mistakes every once in a while), but I like my chances.
Kgem
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