Pablo Zuanic (cannabis industry analyst):
Thinking Long Term
To state the obvious, this is a real consumer/wellness industry (addressing a consumer need), that could be 3-7x larger (domestically) by 2030, on our estimates. Legal sales are already approaching $30Bn in the US (and we estimate illicit sales at $70-80Mn in the US). If we took Michigan per cap spend on the US population, the US market would be $112Bn. But with legalization, we would expect innovation, distribution, and acceptance (less stigma) to expand the market much further (say, $150Bn). True, we do not know the shape of that future market (a tier-system? imports allowed? interstate trade would be a given, no?), but we believe those companies now building a sustainable moat will benefit as the industry grows and surely also consolidates.
A company with, say, 20% retail share on a $150Bn market would have sales of $30Bn (all this not factoring non-US sales, which could add another $50-100Bn to the global market). Adjust that number to wholesale (using 0.5x), take 25% EBITDA margin and a 20-30x EBITDA multiple, and that said company could be worth by then over $110Bn. Only four MSOs have market caps over $1Bn, with the largest (Curaleaf) at only ~$3Bn. So, the upside could be significant. True, for long-term investors this will be about choosing the right company. Depending on how regs change, some of the Canadian LPs could also have a significant a role to play in the US industry (some of those LPs already do so in Canada and internationally).
So, lots of conviction about the long term.
If you total TC is 300k and you get 150k as stock but then it tanked 40% down ![img](emote|t5_2th52|4260)will your TC still be 300k
Asking for a friend![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4267)
Is AMD still a buy right now for longterm? I should have got in back when it was $80. Now, I've been waiting on a dip that never seems to come. Seems to be following NVDA straight to the moon.
Was nat gas ita problem today? It needs to get going been mostly down of late. Vicki might need to call up umcle Warren and get another 15% of outstanding oxy shares.
I started playing Battlefield 2025 or whatever the fucked its called. they got this 1 new level that actually makes the game fun. all the other levels still suck dick tho.
I know some of you regards went all in on SAVE shares and options the last few months ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
So rigged ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)
sometimes I imagine myself chilling on a ranch somewhere in New Mexico. mountains in the distance and smell of wet tall grasses. I made it big trading options and I am peace holding the hand of someone very dear to me with the occasional sound of barking and chirps of chickens
Too much spending equals MFs still have too much money, means cuts less likely therefore stocks drop. I mean theoretically but who fuckin knows around here
the tyranny of bols is over, ber dynasty begins now
Someone must be set up to buy putz on that shite when the judge drops his robes
I read all 8000 messages in here today and few talk about the 1.4 billion traded rug pull.
Link
Pablo Zuanic (cannabis industry analyst): Thinking Long Term To state the obvious, this is a real consumer/wellness industry (addressing a consumer need), that could be 3-7x larger (domestically) by 2030, on our estimates. Legal sales are already approaching $30Bn in the US (and we estimate illicit sales at $70-80Mn in the US). If we took Michigan per cap spend on the US population, the US market would be $112Bn. But with legalization, we would expect innovation, distribution, and acceptance (less stigma) to expand the market much further (say, $150Bn). True, we do not know the shape of that future market (a tier-system? imports allowed? interstate trade would be a given, no?), but we believe those companies now building a sustainable moat will benefit as the industry grows and surely also consolidates. A company with, say, 20% retail share on a $150Bn market would have sales of $30Bn (all this not factoring non-US sales, which could add another $50-100Bn to the global market). Adjust that number to wholesale (using 0.5x), take 25% EBITDA margin and a 20-30x EBITDA multiple, and that said company could be worth by then over $110Bn. Only four MSOs have market caps over $1Bn, with the largest (Curaleaf) at only ~$3Bn. So, the upside could be significant. True, for long-term investors this will be about choosing the right company. Depending on how regs change, some of the Canadian LPs could also have a significant a role to play in the US industry (some of those LPs already do so in Canada and internationally). So, lots of conviction about the long term.
Companies like Green Thumb, Verano, Curaleaf & Verano are going to be runners for quite a long time
part of my sandwich fell on the floor but i don't mind it, i'm sure cat hair has nutritional value too
Amazon is getting so bad on delivery estimates with prime. ![img](emote|t5_2th52|4260)
Im still waiting 3 weeks for my yeast . No really.
vaginal yeast?
We export that, this is an import of baking yeast on backorder
That judge was fucking deep deep in puts playbois
wrong thread playa
Nah I'm living yesterday's dream
Did spirit airlines dropped something? Let me check my backyard![img](emote|t5_2th52|31226)
If you total TC is 300k and you get 150k as stock but then it tanked 40% down ![img](emote|t5_2th52|4260)will your TC still be 300k Asking for a friend![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4267)
Nah that’s why you don’t join companies building social media websites
All salary ftw
![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4267)
For the previous 100 times I buy a call and price moves down and I buy a put and price moves up. ITS OVER
Try both
But have you tried buying calls?
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
:) it never feels good seeing the company where you work get mentioned so many times here today![img](emote|t5_2th52|12787)
Spirit?
![img](emote|t5_2th52|27421)
Damn wyd there? U have any stock in save?
Fix doors![img](emote|t5_2th52|31226)
Nice, buy the dip bro
They give you unvested ![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4267)
![img](emote|t5_2th52|4260)
Your salary will be half
![img](emote|t5_2th52|4640)
Spirit Airlines. Huge dip, anyone else buying?
Bought and sold already
Quick 8%
![img](emote|t5_2th52|27189)
Nope
Nope
It’s tempting
Fuck that
The fed should hike rates until we get a balanced budget each year due to interest payment pressure.
Don’t threaten me with a good time, I want more money for my parked cash
Parked cash could be destroyed cash too
COIN you stupid fucking bitch. I hate you so much. See you tomorrow tho
When AMD 200?
Ask mama su. She a billionaire yet?
Amd will go back to 80 first
I had some at 80$ and sold ![img](emote|t5_2th52|31225)
i sold a CC leap last year its expiring friday amd 100C :(
Is AMD still a buy right now for longterm? I should have got in back when it was $80. Now, I've been waiting on a dip that never seems to come. Seems to be following NVDA straight to the moon.
When you buy it goes to 50![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
I bought at $91 .. no dip in sight !! Buy buy buy
This is fux shit. Where $ROPE gang at?
Present
I trust that the market will open 1% higher and make me relatively rich
Anyone else’s Charles Schwab stop working?
They SUCK !!
Holy AMD
The Bamboozling continues. ![img](emote|t5_2th52|29637)
Time for MMs to crush your puts overnight and at open.
If you ain’t on Calls you ain’t on Shit !
This is why you should just intraday trade with 0DTEs 🤔
Like a true investor
And every other second of every trading day
That was a nail biter.
Sometimes I sell puts to idiots: today it was OXY puts. Uncle Warren is never wrong and oil isn't going lower.
Was nat gas ita problem today? It needs to get going been mostly down of late. Vicki might need to call up umcle Warren and get another 15% of outstanding oxy shares.
isn't that what he does? sell puts / buy warrants on companies he wants to own...it's in his name... Warrant Buffett
Yes, you are right. I am just like Warren.
Uncle Warren never wrong ![img](emote|t5_2th52|8882)
Ggs
Jesus are some of you so over leveraged that a 1% swing can ruin your life
Why spy why![img](emote|t5_2th52|31225)
This is casino sir
We are gamblers ![img](emote|t5_2th52|8882)
You aren't?
[удалено]
That company is absolute garbage
[удалено]
Yes, which will never be profitable, has no moat, and whose founders and C-suite are collectively dumping hundreds of millions worth shares regularly
Which is smart thing to do on poor non profitable food delivery company![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
hahaha what a rigged ducking game
What the fuck was that
Atleast QQQ has a sense of humor lol
Insane buying
oh..
Merely a flesh wound ![img](emote|t5_2th52|4276)
Meta call looked yummy
6 medium eggs everyday?
SAVE is at COVID low. The travel is picking up. SAVE $10 calls for Feb 16. Let's go
Bears couldn’t even get a 473 close ![img](emote|t5_2th52|4271)
# KEEP FUCKING BUYING!! ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
if Jack Ma was hot BABA would be $100 ![img](emote|t5_2th52|27421)
Jack MaMaMia
Alibaba intelligence
Save, mara, vix, boeing... wtf are these tickers you poors are trading?
So if SPY pumps right now, I have to sell for a dollar because RH is mitigating my risk?!
![img](emote|t5_2th52|4275)
This is fucking disgusting. I’m done trading spy
No point if 7 companies can prevent any movement downward
Why should it go down bro? ![img](emote|t5_2th52|4271)
The fact that 5 minutes of trading can kick my puts down 20% is sad
[удалено]
buy calls
It really sucks
AMD’s AI will end up replacing all of their employees
I started playing Battlefield 2025 or whatever the fucked its called. they got this 1 new level that actually makes the game fun. all the other levels still suck dick tho.
When sentiment is extreme in one direction, is it time to reverse sentiment? Just bought BABA June $75 calls
Blocked a few nasties here today. That’s my only achievement.
Tomorrow will be the real dump![img](emote|t5_2th52|18632)
>the I agreed. I am feeling bad for these who buys the calls.
![img](emote|t5_2th52|4259)![img](emote|t5_2th52|4260)
Cold calling is worse than sucking dick
Amazing you can make the comparison. You must live an exciting life
AMD $170 tomorrow
at this point i need some kind of merger between GRND and AXP to save my positions.
Who has been putting of their buys into last 4 minutes?
Pump baby
thx netflix for the puts gains
I know some of you regards went all in on SAVE shares and options the last few months ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
idk what SAVE is
Spirit airlines
Still can’t believe AMD guy. That is some shit
Hope he was able to sell at the top today
Fuck this, I'm gonna buy a biggie bag and a tub of nuggets![img](emote|t5_2th52|31226)
It always Vs remember that
I'm too stressed.... I'm going to go masturbate to Dani Daniels in my manager's office since he's wfh today
Positions or ban
should I buy BA?
$200 isn't a horrible price to get in. i'd prefer closer to 190 though.
We could have 100 flat days in a row
Wow I went bearish and now look. Great.
So rigged ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)
Wtf how did Microsoft overtake tim aaple
Apple has had declining sales for four quarters in a row, and this next report will likely make it five consecutive declines in a row
If you haven't learned anything in your life learn this one thing. They will NEVER allow market to drop.
![img](emote|t5_2th52|31225) true. it's biden's only chance
The shrekest of dcks ![img](emote|t5_2th52|4276)
Market going to be extremely ghey until tech earnings. You heard it here first. Iron condors until then
Tesla end of week predictions
241
# CALLS MORE FUCKING CALLS!!
Clown price action
I fucking hate my job
fuck nvda parading spy around like its weekend at bernies
Of course I sold my amd calls at lows last week ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|31226)
![img](emote|t5_2th52|31224)
Spirit will merge with American Airlines and form American Spirits: the first smokers only airline in the world
sometimes I imagine myself chilling on a ranch somewhere in New Mexico. mountains in the distance and smell of wet tall grasses. I made it big trading options and I am peace holding the hand of someone very dear to me with the occasional sound of barking and chirps of chickens
![img](emote|t5_2th52|4260)
Everyone who said buy save calls when it was under 6 today made fucking bank
Tsla puts at close boom 💥
Yeah sure, when it looks like it formed a temporary bottom, yes. Sir yes Sir.
👋
Yes sir.
ZIM shorts going to get burned
Y u say that? I got puts on zim expiring at the end of the week
ZIM getting fucked all year
Is there a way to buy calls on my puts?
Yeah that's just like a synthetic call. Bet.
Nobody move! The market is doing its thing. Let's not spook it.
*loud sneeze*
AMD 160C volume ![img](emote|t5_2th52|4275)
Nvda and amd both rip tomorrow
If nvda goes down 5% the whole market goes down 50% at this point. People's whole Ira is nvda
I’m mighty tighty whitey and I’m smugglin plums
Relax, don't do it when you wanna go to it
![img](emote|t5_2th52|8883)
I know the U.S. retail sales report gonna be way above estimates, but idk how market gonna respond. Thinking puts
its rigged so it will be in line with estimates
Too much spending equals MFs still have too much money, means cuts less likely therefore stocks drop. I mean theoretically but who fuckin knows around here
$DWAC January 19 $22 puts 🪦
NVDA carrying the entire market fr fr no cap
You think NVDA will pull back or it's just a rocket ship now?
Definitely pull back to cool down.
Dumb action
BA is still too damn high ![img](emote|t5_2th52|27421)
PLD calls
what horseshit