Cannabis Moat Series

Competitive advantages in cannabis markets: what creates defensible moats for MSOs, dispensaries, and legal markets against black market competition.

The Black Market Death Equation: Why Cannabis Will Follow Nevada’s Path to Single-Digit Illicit Markets

A validated framework for predicting legal vs. illicit market outcomes across all vice market transitions The Silent Majority 420 | Updated November 2025 The Central Question When a government legalizes a previously prohibited good or service, what determines how much of the market transitions from illegal to legal? This question matters

Cannabis Moat Series

The Home Grow Myth: Why Your Closet Costs More Than Dispensary Weed

Everyone calculates nutrients and lights. No one calculates the closet. That 4×6 space isn’t free — it’s real estate with an opportunity cost. And when you account for what that space is actually worth, home grow economics collapse before you even flip the switch. © The Silent Majority, 2025