When the path is hard to followthe smart investors follow the money. The old days of brokers making a living off of commissions are in the past. Big money bankster/gangsters and marketmakers have figured out new angles to remove you from your investments.
The whiz kids have moved into the markets and have showed the old guys how to set up algo-bots and play the spreads. It is more than just short sales and creating bad sentiment.
It is also for the more privileged than the average joe stock investor who risks getting wiped out by shorting stocks and trying to play against the stacked deck.
It runs in the face of the reason to have a stock market which is just a last ditch fundraiser for them that can't raise the money and these whiz kids can wipeout companies with good potential before they ever get a chance.
Anybody invested in greenrush stocks saw the potential from what happened in Canada when potpreneurs had runaway upticks initially, getting far beyond reasonable evaluations because of the exuberance of multi-baggers based on the hope of things to come.
Canada's farmers got on board and overcommoditized the market with cheap safe, inspected pot in the smoking category and killed the profit because of the supply and the demand potential that the regulators screwed up, just about everyway possible.
Canada wouldn't allow edibles and beverages and then they wouldn't issue permits and licenses and there were hundreds of tons of raw cannabis with nowhere to go.
Good news is that Canada has resolved most of those issues, just recently and good companies are back in business and the underfinanced and undermanaged are out of business with burned shareholders holding empty bags.
There are still lots of issues that need to be dealt with in Canada like labelling, possession limits, advertising and right sizing an overblown industry.
The US is going through the same growing pains, complicated by their lack of committment to do some blanket Federal legislation, which would be too easy, to just get it right to have the same rules for all States.
The law and policy makers are afraid of legislating in bad laws so they complicate the process with all kinds of ways to put the brakes on and they aren't listening to the potpreneurs who are lobbying them to give this burgeoning new industry what they need.
Not even the basic tools for banking and brokering shares are allowed for potpreneurs unless they are brave enough to rely on State law protection to keep their investments from being seized and possible criminal charges.
That is why Canopy hasn't jumped in with both feet, although I believe they have 10 toes in with their creative deals that they have with Acreage Holdings and Terrascend which are two leaders in the US MSO category, all set up and positioned for rapid launch when the ball comes down.
Don't forget that 300k sq ft facility in New York that Canopy is building and don't forget the branding deals that already have several skus inspired by Canopy making their way to shelves Stateside. Tweed, Martha Stewart, Quatro, BioSteel and more to come were told.
Oh yea and don't forget who helped solidify Canopy and the whole marijuana and hemp industry with $5 billion C to be the world leader and to help launch Canopy's leadership in the States.
Thank you STZ for your faith and proactive thinking backed with financing and business knowhow as world class unicorn beverage professionals.
The delays by US lawmakers will go on until they all have a piece of the action or it becomes a political plum. I'm sure Trump is banging his head with his hands by dropping that ball. If he had dealt with the marijuana issue he could still be dictator lol!
glta and dyodd