Turns out running an illegal drug operation out of your legal, licensed drug operation isn’t such a good business model. Health Canada announced today what many had long assumed was coming, when they suspended CannTrust’s (TRST.T) license to sell and process cannabis in the wake of ongoing allegations of illegal behaviour.
There’s an old damage control routine that goes, instead of admitting you have a problem, you focus on how you’ve fixed the problem you had, so the interested observer focuses on your fix and not your initial incompetence.
I had an idea a few weeks ago, one that I hadn’t bothered with sooner because, truth be told, I’m not a weed guy. I like the investment opportunity, and I’ve lately taken to the wonderful effects of CBD, but I’m not much of a straight up weed dog.
The cannabis bubble is not yet bursting, but the likelihood that it will go by the time you read this is high. The markets are wobbling hard for a multitude of reasons, but the cannabis sector is reeling because the bellwether cannabis stock, Canopy Growth Corp (WEED.T) is in freefall.
The most important phase of the life cycle of any ecosystem is where the inhabitants realize they can get sustenance and advantage from killing the lifeforms around them, rather than cohabiting. Monkeys turn cannibal when food supplies are low, ants go to war with other ants, ivy strangles the trees hosting it, influenza kills the body it lives in.