Jaunty's hockey stick in New York was never luck. New York punished assumptions fast, and what looks like momentum now is really accumulated lessons.
Taxis didn't want rideshare. The world did. Every emerging industry has to earn its right to exist, and cannabis is living a version of the same story.
The disciplined operators looked slow and boring. As the debt wall closes in, the market will reward exactly one thing: prudent capital allocators.