Up in smoke
I see where Wente’s got a ominous warning in her Globe column that legal weed is gonna lead to more potheads.
Hmm…
I have my doubts. I’m no expert, but I’ve been using the illegal stuff for pretty much fifty years now, and it seems to me that most anyone who is inclined to smoke pot is already smoking it.
What intrigues me is the mass hysteria of the folks who have already bid up the market cap of legal pot providers in Canada to over fifty billion dollars! Just who do they imagine is going to be smoking all this stuff?
What I see is a massive oversupply just over the horizon. All the folks already smoking weed they get from their existing suppliers aren’t likely to drop them and pay double for “legal” weed just because it’s legal.
Then what?
Then the air’s gonna come out of that fifty billion dollar balloon, and fast!
My tip to legal pot investors; get out while the getting is good.
Those stock valuations are gonna go up in smoke.
Source: http://theviewfromfallingdowns.blogspot.com/2018/09/up-in-smoke.html
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