RE:RE:RE:RE:Sector reevaluations coming for 2019valentinemasson wrote: TheGrapeApe420 wrote: Canopy should hit well over $130. People need to remember Canada is only 4% of the world Cannabis market GLTA. But dont start trying say ABC will pass CGC in sales any time soon
Let's be serious, $130.00 soon is quite very, very, very too soon. ACB is the more international and the market is bigger in the EU than in the US. Don't get me wrong, the US is a market to not be neglected but the problem with WEED will be the regulation. There is no doubt that WEED should do well but not as fast as people think. In Canada there are 10 provinces and each have different laws which beside the age and the number of stores is quite similar. There are 50 states in the US and the politic in each one is quite different. So, when it will be legalised on the fed level, we don't really know what will be the regulation in each state. The US is a lot more conservative than Canada. We know that the edibles will be legalise but some points remain unknow about what will be allowed or not.
For example, forget about a drink with both alcohol and THC. The following below will explain quite well how it could be complicated on the state level with 50 states.
New York is readying another cannabis bill after an earlier effort failed, while New Jersey has scrapped an effort to draft a law Quote; In regulatory news, a bill was introduced to Congress on Wednesday that seeks to address the problem facing people entering the U.S. who work in the legal cannabis industry in other jurisdictions, as advocacy website Marijuana Moment reported. The bill, called the Maintaining Appropriate Protections for Legal Entry, or MAPLE Act, would ensure that noncitizens are not penalized under federal law because they work in the cannabis sector in a place where it is fully legal.
The bill is necessary because U.S. Customs and Border Protection has said it would ban Canadian citizens visiting the U.S. if they admit to investing in the cannabis sector, even though adult recreational use has been fully legal in Canada since last October. CBP deems any investment, even in medical cannabis, to constitute a crime because cannabis remains a Schedule I drug in the U.S., which groups it along with heroin.
Rep. Earl Blumenauer, a Democrat from Oregon, said Congress needs to address the policy gap created by conflicting cannabis laws. “This chaos must end, and the only way to do that is to end [the] marijuana prohibition once and for all,” he told Marijuana Moment.
The bill would also address deportation policy, which currently allows for immigrants who use or work with cannabis in legal jurisdictions to be removed. U.S. Citizenship and Immigration Services recently published a memo that explained that such workers could be deemed ineligible for citizenship as the federal view suggests they do not possess “good moral character.”
MarketWatch has spoken to Canadian entrepreneurs who were subjected to a ban on entering the U.S. after admitting even tangential ties to medical cannabis.
New Jersey lawmakers have given up their effort to draft legislation for legal recreational cannabis, and will instead put the question on the 2020 ballot for voters to decide.
My point is that the legalisation on the fed level could be longer than anticipate while we don't know what each state will do with the fed law. It is better to be on the side watching what will happen in the US. This is why the deal with Acreage is not yet fully implemented. They need to know what will be the regulation in each state. Don't be worry, WEED will do well but not as good as some people expect. ACB has another view and I like it a lot better since it will be cash flow positive this year and it is the more international company.
Senate President Steve Sweeney, a Democrat, said his chamber will push ahead with a plan to expand the state’s medical program and for legislation that would expunge the records of those convicted of nonviolent cannabis-related crimes.
Lawmakers in New York, meanwhile, are planning to introduce a new cannabis bill that they hope will become law, after an earlier effort failed. The bill includes creating a single governmental unit that would regulate and oversee all cannabis-related products. Some of the revenue collected from taxes would be used to invest in communities that were disproportionately affected by cannabis prohibition, and records of nonviolent crimes would be expunged.