Market not feeling Cannabis love!None of those bail-out Corona dollars seem to be making it to cannabis and it seems to be across the board. Even the best of the best are being beat down. Bail-out money seems to continue to move into the old tried and true Bluechips who have had a helluva run for a long time.
I'm not sure if the market has got this right. Time will tell! I still think the potpreneurs have yet to hit their stride. The US politicians are unwilling to do the work to allow a fair playing field for marijuana and hemp businesses that are gaining a lot of ground in the States. Of course there could be influence from Big Alcohol and Big Pharma to keep those election donations coming in.
Trump took a more businesslike approach with his governance but he was the right idea, wrong guy with too many skeltons in his closet and rich-boy makeup to get the 2nd term.
Biden has his hands full dealing with Trump's failures and Corona and of course has his own agenda, that he probably has to review each day to remember what he's doing there in the first place. Kamala would never have been elected so it is a good thing she was appointed. I think she is just along for the ride. I don't see much presidential material there.
The two party's inability to get anything done, like cannabis legalization or descheduling or whatever is necessary to legislate the will of the voters in this matter is outrageous and a good marijuana lobby should launch a lawsuit to force the issue. They are leaving a large hole in political will for a new party to come right up the center and change things as they are to what they should be. Trump got in with promises of change and it took about 5 minutes for Biden to undo all of it and US voters are the ones suffering. I have a pretty good idea why America is having uprisings and burning their cities to the ground. Frustration and feeling helpless while the rich self-serving elected officials line their pockets with total disregard to US citizens and the democracy.
Canopy might be getting some roughing up but don't disallow credit for what they have built. glta and dyodd