RE:RE:RE:RE:RE:RE:RE:Canopy South doing greatMosdef111 wrote: I think you are not pricing in the reality of Safe+. If passed in lame duck, it should create FOMO.
Maga Retrumplicans will not like the hear this, but I do believe when and if the Democrats retain the senate, we will get another pop in November, along with Safe+ negotiations for the lame duck.
If the Senate votes on any kind of cannabis reform, and it is passed post midterms, the house will have to take it up. I don't think the House has the same power like Schumer in the senate to ignore bills.
Also, when Safe does get passed and there is uplisting, it won't happen right away. mSOs/banks will need time which means money will flow into LPs.
just my two cents, but I know once Safe happens, the ball gets rolling obviously.
So you agree with me and CGC is not a buy right now, better wait for the Safe act. I will be a buyer if the SAFE act eventually passes, but I will play the news. CGC will face huge cpmpetition in the US with well established companies.