RE:RE:RE:5I agree with HansonLockyer's post.
The MJ sector has not lost investors interest. The share price of the big 3 will not significantly downtrend as there is no question that legalization will happen.
However, the uncetainty stemming from Senate's delay (i.e., possible further delay if not approved on 3rd reading by June 7th due to 2-months Senate break) is holding back sp.
The Market is impatient and the legalization delay means additional risks such as the negative effect of any interest rate hike on the sector's ability to service its debts, inability of the sector to achieve optimal sales due to regulatory constraints, etc.
The delay and the US's current stand on MJ are also preventing institutional investors as well as big Pharma, Tobacco, Beverage companies from investing in the sector. The latter will skyrocket the sector's sp, we just need to be patient.
GLTA.
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HansonLockyer wrote:
Hard to call it a sector rotation because I don't think there is a lack of interest but more like confusion in Canada and the USA. Aurora's master plan is intact and progressing so I don't worry too much about this one or WEED. I therefore, as an expert analyst in the political excrement industry believe this to be a classic TEMPORARY lull until the SESSIONS are over and done with. So dare I say July at the latest or unless there is Earth shattering news like Ivana (Ivanka) smoking a joint in public we will be range bound. Charts indicate this is just about in oversold and its safe to acumulate.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.acb&postid=27578828#8kTRlePUe6FSmmWO.99