US "triggering event" backfiredSchumer and a couple of other pro-legalization politicians have worked hard to effect change such that the US greenrush can get some serious traction.
Unfortunately, the reality of the political process in the US being close to deadlocked between the two parties that seem to operate more out of spite than commonsense is screaming for a tie-breaker party of the people to come up the middle and straighten out the two party system.
I have mentioned several times that if Trump had acted on the legal marijuana issue, he would probably have got the young voters out to cast their ballots in his favour. It is just a little rebellious issue that is strangling the potential of a new healthier vice and tax source.
I can't help but wonder if part of the stalemate to legalization is influence from gangs or cartels acting in their own interests. This could be a real factor in the delays for a triggering event if politiians and their families have been threatened with harm. Maybe some of them are being "fed" perks or dollars derived from drugs to sit on their hands.
I might be out in left field on this issue but it is one explanation for the reluctance to act on the will of the voters.
Biden apparently is being encouraged to deal with the issue and with the mid-terms rapidly approaching, acting on this to decriminalize it and give the potpreneurs the tools to thrive, instead of sneaking around to build their MSOs and also to swing the doors open to International concerns like Canopy, who are angling in but very carefully through branding deals and forward timed deals that have been inked for rapid expansion for some kind of a "go" signal.
The big picture and hope for potpreneurs is the US market and Canopy is a key player. Despite the downturn in shareprices across the board for all players, Canopy is proactively building their future through acquisitions and ending some of the deals that are no longer viable.
The potential that the deal that Canopy has with Acreage Holdings is going largely unoticed by the investment community. Acreage is a leading US Multi State Operator with most of what Canopy is going to need for rapid launch in the US when US politicians write the proper legislation to decriminalize marijuana and allow banks and brokerages to bring their tools to the table for potpreneurs.
The delay in US legalization or whatever is considered a triggering event has given a little more time for investors to get in at these prices. I expect old highs or better for Canopy's launch into the US and if you buy into the deal with Acreage it looks like about a $10 incentive at current prices and easy access to shares that are going to be in limited supply when Canopy makes their US debut.
glta and dyodd