I agree that is a long-term risk, but won't it not be until federal regulations are fully overhauled that major companies like DoorDash start doing full-on cannabis deliveries, not just delivery of THC and CBD-derived products?
If MAPS stays public, and in the coming years federal laws change, there could be a period where shares are boosted by the news/anticipation of a growth resurgence, before market recognizes impact of competition. That would be the time to exit.
Does increasing legalization/normalization encourage traditional software and payments companies to enter this space, increasing competition?
How worried are you about DoorDash's recent announcement?https://www.forbes.com/sites/ajherrington/2025/01/10/doordash-launches-cannabis-home-delivery/
Presumably, the management knew about this possibility before submitting the offer, but it could also give them pause.
I agree that is a long-term risk, but won't it not be until federal regulations are fully overhauled that major companies like DoorDash start doing full-on cannabis deliveries, not just delivery of THC and CBD-derived products?
If MAPS stays public, and in the coming years federal laws change, there could be a period where shares are boosted by the news/anticipation of a growth resurgence, before market recognizes impact of competition. That would be the time to exit.