here are just too many of them. On every corner in my 'hood
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Stephen Harper was half right! He warned of pot shops and brothels on every street corner.
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almost as hard to believe as a bankrupt casino.
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Look into Encore Boston (Everett). Pretty sure they were having money troubles.
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Anecdotal: but I have yet to see one close in MA, and rather, heavy expansion. A beautiful dispensary opened a few months ago in downtown Salem!
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As Chris Rock famously said: "People don't sell drugs...drugs sell themselves! When's the last time you've seen a crack dealer say 'damn...what am i gonna do with all this crack?'"
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I doubt little runners can par with market shares and taxation.
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the unit economics are actually quite terrible. Legal Cannabis is analgous to Liquor/Beer Stores in terms of profit, not the illicit market.
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there's a reason BevMo owns like 80% of the marketshare
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I really do think that all the people opening new cannabis shops in Toronto have *vastly* overestimated demand. The volume of stores doesn't feel sustainable.
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