It feels like a good week to talk about bubbles.
The temperature in Montreal was close to freezing on Oct. 18, yet the lineup at the Société québécoise du cannabis store on Ste-Catherine Street wrapped around the block for a second consecutive day.
Irrational exuberance? Or a symbol of all the wealth that suppliers will generate? There surely is some degree of excess when factory farms are likened to Amazon and Google just because they grow marijuana instead of tomatoes.
Cryptocurrencies and blockchains were going to change the world in 2017. Now, it looks like those innovations will be used simply to upgrade the plumbing of the existing financial system. Valuations are correcting as a result. Bet you a bitcoin that pot is on a similar path.
This brings us to another technology that definitely will change the world, and also has some bubbly characteristics.
Continue reading at the Financial Post ...