Still haven't made a move into long term holds but valuations are tempting. Such a beat down sector with strong revenues. I don't follow politics but gotta figure some marijuana legislation would be a popular move.
What's are the biggest risks here with getting into some long term positions? Picking the wrong companies that get run into the ground? Covid lows are still another -50% from here for a lot of names, so could still draw down for a bit and face some pain? What happens if a company delists and goes private for OTC stocks? Legislation opening the doors for rapid debt-based growth for currently unknown companies?
Looking at the the store numbers and revenues for a lot of tier 1 and tier 2 names, it looks like the typical store is averaging 6-10 million in revenue. Do these businesses have a competitive moat with licenses?
Still seems like a lot of money to be made here long term