GREY:ALEAF - Post by User
Post by
sthineion Jun 05, 2022 7:52am
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Post# 34732338
Conservative German politician supports legalization
Conservative German politician supports legalizationThis is good news for the industry. German government also just raised minimum was. Strong indication they are determined to stick to their promises. Re cannabis this conservative mp stated that it is going to happen so they need to work on the framework. As this happens more production or at least capital and focus of the big Canadian producers will be directed there. They have been reticent to cut production in Canada in fear of showing big revenue declines but many have started to do so in order to reduce expenditures, become more lean and prep for these coming sea change moments. Has been a great idea to short the sector but likely not a great one to stay short here after so many of the names are down 80 to over 90%. All won't last but there a strong possibility of another major short squeeze to come. In addition to that cannabis tourism going to be big in Ontario over this summer right through year end. Great opportunity to increase Revenues and pricing relative to last year. American that come here can buy and smoke legal weed for relative peanuts. https://hightimes.com/news/german-conservative-politician-expresses-his-support-for-cannabis-legalization/