RE:I don’t shenty46 wrote: I don't see any worthwhile upward movement in the stock this year
The most obvious mover for the sector will be US Legalization however I have also seen interviews held with Cannabis CEOs where they note that Fortune 200 / 500 companies etc will be moving ahead with product rollouts with or without the US Legalizing. To me this is very believable as I am sure many large companies within the US (and Globally) are waiting to enter the Cannabis space.
One quick and easy example is Pepsi, they have produced a Cannabis CBD drink and rolled it out in Germany. I am sure they are testing the market with the ultimate goal of rolling the product out in the US and other large markets.
https://www.cnbc.com/2022/02/01/pepsico-to-launch-hemp-seed-infused-drink-under-rockstar-energy.html If large corporations move ahead with Cannabis products this will simply place more pressure on the US Senate etc to "get with the times" and move ahead with such bills as the SAFE Banking Act as this certainly seems to be what the populous really wants.
JMHO