Cann Global Listing Date, page-118

Those large companies are one of the risks to any Australian company hoping to enter the space IMO.

Not only, will they have more advanced technology from harvest to quality control etc, but they will also have a head start on product development, profit etc.

Those top 25 companies, which are worth billions, are already selling product to a client base nearing 100million people, over 10x the potential australian market IF it was fully legalised, which isn't even on the cards at this stage.

the MM market is a fraction of that, and even that is in its infancy in Australia.

It's like when you see revolutionary tech stocks listing in Australia, how many succeed? 1 in 10000? 20000? I can only think of a handful on the ASX that still exist, let alone are successfully commercialised, and none of them have the legal disadvantages that this sector will have.