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I think this is the dot.com boom for this generation. With numerous catalysts and the stocks expanding volume. I see this trend continuing upwards. Even if the voters do not vote the measures into law I see the federal government finally taking a serious look at the sector. With ASA (Americans for Safe Access) recent hearing about the reclassification to a schedule II from a schedule I drug allowing strict medical use. First time in 20 years the courts actually have heard a case about this classification. I would say within the next year the federal government will have to step in and take the appropriate actions. With so much potential revenue from this industry it would be unheard of for the government not to tax and allow such a harmless thing. With MJNA particularly there are CBD products this can be produced without THC even if a hemp bill would pass this still could be produced allowing them to continue making products. They are also looking to franchise their products in 4 other states with decent medical laws already in place. I am currently long MJNA @ with an average of .728
Huge technical uptrend as the US elections and voting on numerous Cannabis measures near. Thoughts on the future of the cannabis industry?
ReplyDeleteI think this is the dot.com boom for this generation. With numerous catalysts and the stocks expanding volume. I see this trend continuing upwards. Even if the voters do not vote the measures into law I see the federal government finally taking a serious look at the sector. With ASA (Americans for Safe Access) recent hearing about the reclassification to a schedule II from a schedule I drug allowing strict medical use. First time in 20 years the courts actually have heard a case about this classification. I would say within the next year the federal government will have to step in and take the appropriate actions. With so much potential revenue from this industry it would be unheard of for the government not to tax and allow such a harmless thing. With MJNA particularly there are CBD products this can be produced without THC even if a hemp bill would pass this still could be produced allowing them to continue making products. They are also looking to franchise their products in 4 other states with decent medical laws already in place. I am currently long MJNA @ with an average of .728
ReplyDeleteAverage of .0728 sorry
ReplyDelete