US Senate Bill 930 - Special Banking Lic for MJ ClientsIt's encouraging to learn that California appreciates the economic impact of Cannabis business - estimated at $10B. The State is pro-active in supporting this giant industry that a couple of senators sponsored Bill 930 to give special lic to financial institutions with cannabis-business clients. This will be heard next week, Tuesday.
https://www.sacbee.com/opinion/op-ed/soapbox/article211299184.html
The fact that the global acceptance of cannabis business is at an all time high alleviates some of my anxiety with my ACB holding. Today was discouraging (an understatement) I stopped looking at my phone app tracking the shares. I was miserable at work.
When I got home, I started to eat ice cream to feel better and opened my trading account. I noticed that my oil stocks are almost all back, they were all down over 30% in early February. I've given up on them and yet they came back. This gives me hope that ACB's sp will stage a great come back. The dilution is real and I am not happy with the acquisition of LEAF. But it is what it is, may be management sees something that we don't. There are a lot of unknown in the sector. This is a new industry - WEED, APH, CRON and ACB are leading the way. Lots of uncertainties/risks . The possibilities are endless - partnerships and significant investments from conglomerates, and we can also be bought out as well.
My take is that Canadian legalization will definitely improve our sp and US legalization will bring us significant upside.
Just my thought and wish us all the best of luck.