Yeah, spot on. The regulatory risk is huge and basically everything hinges on it. Everything is looking positive so far - they have implemented a tax regime, the provinces have started there own prep for regulatory measures. The sector will explode the minute that legislation is passed. All the LP's will be significantly de risked and be servicing an under supplied market until 2020 apparently. So holding until 2020 at a minimum is my target at the moment.
Also, imagine the impact if the U.S. legalises recreational cannabis at a federal level over the next couple of years. That demand would be phenomenal and all the Canadian LP's would be perfectly placed and setup to service. I am not saying this is on the cards at the moment, but you would expect it to happen at some point.
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Yeah, spot on. The regulatory risk is huge and basically...
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