| I’m fairly convinced we’re only about 5-10 acquisitions away from cannabis becoming legal via the legislative branch. There’s 3 larges sectors that are still holdouts. Healthcare, alcohol, and tobacco industries. Healthcare will never flip because there’s almost no revenue for them. The only thing they might be able to do is partner with Bayer and license/patent specific strains. Tobacco exists because it’s addictive. CBD and hemp already offer sedative natural alternatives that are healthier and safer for the consumer. If you find anybody taking Wellbutrin or any drug that can cessate the nicotine withdrawal, they can easily kick the habit via cold turkey, or substitution. Finally the last big industry is alcohol. I could talk about this pivot for hours but ultimately, look at what AB/InBev is doing. What have they poured millions of r&d into lately? Seltzer drinks. Edibles are expected to be the largest growth segment of the legal cannabis industry for the next 10 years. I already see it in various circles. Seltzer drinks are easily the next step for the alcohol industry. The issue now is how are these cards going to fall. Will they try to pace their way and drop tons of r&d into the legalization/testing efforts or will they try to leverage all of the existing infrastructure that exists in the legal cannabis industry? That’s why I think we’re only about 5-10 acquisitions away from finding the answer. And once we have the answer, legalization will easily fall afterward. Edit to add: Biden is doing a great job but this wasn’t one of his bullet points. He might have a difference of opinion. He might pursue something at the federal level. But I’m not counting on it. I fully believe that if these acquisitions happen before 2022 we’ll see it on ballots. |