RE:most of the
shenty46 wrote: safe banking act excluded from epending bill and any meaniful reforms now a distant dream, most of the smaller players may be wiped out completely in the next few quarters, as they were raising money by selling shares, it would be next to impossible to raise more money when the prices have fallen to levels so low, take for example auxly stock trading at 2 cents, hexo trading at 13 cents, and even the big companies having few hundred millions in cash and the stock at all time lows, may also be acquired or lots of shares issued at absurdly low prices, looks like lots of mergers and acquisitions would take place. Cannabis stocks are a very long term investment and one would be very lucky if he makes money even years on the road, many stocks in the oil and gas sector are available in the market which are giving whopping 8-10 percent yield with minimal risk.
Hmmmm
I think I think safe banking act will pass next week, or maximun may be in next few months, as, when around half of the country has legalised weed, safe banking act is a necessity, i dont think any party would oppose that.