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"They're not, in any manner, trying to model or calculate producers' prices themselves: they're simply an assumption going into their model." That's a big flaw, because the marijuana industry is "highly fragmented, very inefficient and it is both of these things because it is still illegal." If Big Tobacco decided to dive into the weed business, the very first thing they'd do is investigate how they can bring production costs down using the same techniques they used to make machine-rolled cigarettes so cheap