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Who Can Survive In Cannabis?

The Cannabis Investing Podcast

CHAPTER

California Stocks - What Are Your Thoughts?

I think that there are businesses better set up to succeed in California and probably those that have scale are the ones that I think are going to do best here. Not just against peers, but also against the illicit market because the illicit market doesn't have the taxes of the licensing fees. We're still a ways away from where we need to be in terms of having enough retail to match the cultivation here. There's so many different levels of approval required for each cannabis license which is taking longer than we would have hoped especially in California. But as all things change over time, it will become more acceptable.

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