CSE:CALI.X - Post Discussion
Post by
VbayNo2 on Oct 10, 2022 5:17am
🇺🇸🌿CALI.c🌿
Stifel-GMP: “White House Actions Could Catalyze A Secular Cannabis Bull Market”
Stifel calls this news “the most important development in US cannabis history since the Cole Memo and could snowball into multiple industry tailwinds.” For which they anticipate shares of U.S cannabis companies to increase “up to 3x from current levels in short order.”
One of the larger tailwinds that U.S cannabis investors were looking forward too in the interim was the SAFE act passing during the lame duck session in congrress. Stifel-GMP says that this news out of the White House increases the odds for SAFE to pass, in which they believe there will be a snowball effect, which leads to an ultimate decrease in the cost of capital, uplisting and the inclusion of these companies in major indices, which will help drive institutional shareholder adoption. And lastly, the potential for outside companies to make strategic acquisitions.
https://thedeepdive.ca/stifel-gmp-white-house-actions-could-catalyze-a-secular-cannabis-bull-market/
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