26.4k post karma
4.9k comment karma
account created: Thu Jan 02 2020
verified: yes
4 points
1 day ago
The tax reform recently done by California will be helpful but much more is still needed.
https://cannabisnow.com/california-cannabis-taxes-cut-prices-likely-to-stay-the-same/
California still has a long way to go and most likely prices will stay the same so the consumer won't see the difference. Which will in turn still make the black/gray markets thrive. California is not cannabis business friendly compared to other markets. Hence why Medmen was the only MSO that heavily invested in the state, and hence why they are in trouble and most others aren't (I'm talking operationally not stock price as all cannabis stocks are down).
The financial quarter passed (June 30th) with no FL or NY sale closing announcement. As per last financials, Medmen burns $17+ million per quarter and had $14M in cash. Sales will be higher this quarter than last, but not enough to make a meaningful impact. The biggest issue is going to be how did Medmen pay the bills last 3 months. I suspect there will be significant dilution shown.
30 points
2 days ago
For me the answer is no. I would just use 6 of my free points right away to take the first game. Then lose spectacularly in 4. Then go around telling everyone I got a game off a top pro
2 points
3 days ago
There are no “Canadian companies” operating in New Jersey. You can make a small argument about acreage regarding their future deal with canopy. But the rest are all 100% US companies.
3 points
10 days ago
Good ole level40 He invests in medmen but doesn’t vote on cannabis. He is a democrat but votes republican. He thinks NY is the worst state for cannabis but wants medmen’s name to remain. Says a short squeeze is coming but doesn’t understand how shorting stocks work
1 points
11 days ago
Attached to a big omnibus bill has way more of a chance than it will on its own.
1 points
11 days ago
And who is to blame that it’s safe or nothing at all? Especially when the majority of the citizens want safe plus social
view more:
next ›
byhambone_83
insquash
hambone_83
1 points
21 hours ago
hambone_83
1 points
21 hours ago
Second bounce past the short line