There are unlimited licensed states and there are limited licensed states. These m s os, these multi state operators, have licenses in various states. We're talking four to 500 dollars per square foot to build 51 hundred million dollar facilities to produce pot and sell that product. Economics do dramatically change if you're selling it through your own retail or third parties,. If youare producing it, so are you vertically integrated. This is the part of the ecosystem that besets the most structurally and efficient market i have ever seen in my career.

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