I talked to one attorney who handles a number of cannabis clients who mentioned Arizona, where there’s a really firm cap in place and permits to cultivate and sell cannabis can go into the eight digit figures, which I was blown away by but is true.
But there’s just a lot of small companies, very small companies, some of them are literally mom and pop or a family run businesses, and not too many of them are that big, there’s only a couple of businesses that have, you know, multiple sites for retail.
And we’ve seen dozens of businesses that in the five years since the industry got off the ground have already folded because it’s just not a very profitable business at this point, given how open the market is.