Forward Predictions on Cannabis"
reforms needed to allow cannabis companies to access capital markets, list on big exchanges, remove 280E and allow for digital use of currency will find their way into larger and more complex bills. As such when the day comes that you read “safe banking language is in a bill that is expected to pass in the Senate” I expect you will be surprised. Put another way: I do not expect a public and slow process. The CAOA got a Press Conference, a formal discussion draft and will likely continue to be talked about in a public way. I would not be surprised to see advanced notification from Senator Schumer on the development of a proposed bill or the introduction of said bill and its referral to committee. I believe the CAOA will continue to publicly move, stall, change and develop as we watch. Meanwhile the smaller reforms needed for investors to see uplisting will go from 0-60 the moment it happens.
So expect to be surprised. Expect to wake up one day (or be eating lunch one afternoon) to news that moves the markets. It may not be in September or October, it may not be this fall. But I expect that the day before it happens to be just like every other day. Somewhere in a Senate office will be a file with a draft that includes language for uplisting. It will be exactly what the industry needs (because that isn’t a mystery) and it will be in the middle of a budget bill where it will go largely unnoticed.
You won't see it coming and podcasts won’t cover it.
Average people won’t know it ever happened, and even some of us watching closely could miss it at first.
But when, not if, it happens it will be quiet in Washington and loud on Wall Street. Reforms will lead to custodial changes and institutional investments will move in. Retail will hold, others will buy more, old analyst will upgrade and new analysts will initiate coverage.
The narrative hasn’t changed, the investment thesis still makes sense, and right now the landscape ahead is full of positives. There are key hurdles that need to be overcome before the rerate and inflows can happen, but I remain convinced that the chess board is setup in favor of investors .
You just need to see at the whole board."
https://www.reddit.com/r/weedstocks/comments/pdxf1z/understanding_washington_managing_expectations/