>Renowned hedge fund manager Jeffrey Vinik has dismissed the pot stock craze, describing cannabis investment as overrated and likely to suffer from squeezed margins. Speaking on CNBC’s Squawk Box on January 10, Vinik also revealed that bitcoin currently accounts for “zero percent” of his investment portfolio.
>Returning to the hedge fund scene after a five-year hiatus, the Tampa Bay Lightning owner, who also holds minority stakes in the Boston Red Sox and Liverpool Football Club, believes that an entry rush into cannabis investments will create a situation where market demand is overserved, and margins become too small to be profitable.
>In his words:
>I won’t say zero, but my guess is that they’re overhyped. There’s going to be too much competition, margins are going to come down, [and] nobody’s going to make money.
<likely to suffer from squeezed margins
>likely to suffer from squeezed margins
<margins are going to come down
>margins are going to come down
This means Trudeau failed. Let me explain, Trudeaus goal was to "Undercut the black market" making it not profitable for illegal operators to sell. In reality, he put in so many stupid regulations like being required to buy online, being required to pay a 5 dollar delivery fee, taxes, business regulation, security costs etc etc that it costs about 2x or more to make it legally, in an industrial environment, which is laughably stupid. That some guy with a greenhouse in his back yard can go buy chemicals and grow it 2x cheaper or more than the government.
Thats also for dirty ditch weed. In Ontario it costs 130$ minimum, for the absolute garbage on the government website. Thats for 15 grams, which is 1 gram more than a "half". It should be for 28 grams, a full ounce. You can call a guy up and get 2 ounces for 200$. Thats 48 grams for 200, instead of 15 for 130. It will also be better than the governments.
Alternately, you can go the quality route and spend 250$ on 15 grams, from the government.
Why does thiPost too long. Click here to view the full text.