A lot of excitement over the HHS reschedulethat really needs to be tempered as far as expectations.
My understanding is that this is going to have to get the DEA on board and who knows how many other government agencies, which is a part of the problem to begin with.
If my memory serves me correctly, it was about a year ago when Biden suggested that the government agencies involved need to get crackin' on it.
My guesstimate was that the best time for this to come together was for the 2024 Presidential election but it will have to pass fast to do any good and will it be another half-azzed effort like the SAFE ACT that has been presented 117 different ways and despite that most of the votees are ok with it, can't get signed off on to make it happen.
The excitement for the potpreneurs this week just shows the kind of potential and that expectations are high for a US Greenrush.
Potpreneurs are excited and probably remember how exciting it was in Canada, initially and the windfall potential of investing in it. The US Greenrush, properly launched will be 10x what happened in Canada but the people charged with delivering it have a huge mess to clean-up because the handshake deal that has allowed it to take roots is disseminated all over the place with different laws, rules and such for every different State that is pro-pot.
It is truly amazing that some MSOs have shown black ink despite the decentralization environment of the US but they did which shows a ton of promise for a US Greenrush, whatever it may look like.
Canada legalized marijuana and strangled the potential which leaves me hoping for the US to see some uptick and appreciation of the value of my investments in cannabinoids.
In addition to getting some bills passed to take the bite out of the Federal legislation that is still on the books, there is still the oversupply and too many players that needs to be fixed.
I believe that the biggies, LPs and MSOs that have been able to make names for themselves will be in the winners circle but have serious concerrns that Canopy is looking at consolidation to firm up their shareprice when they are already hooked up with deep pocketed Constellation who are investing in like-minded companies for their adventure of US expansion but haven't made their intentions known whether they will continue to finance their US rto merger with Acreage.
Instead, they have left shareholders of Canopy and Acreage hung out to flap in the wind. Not fair imho to the commonshareholders of these companies but a strategic move for Constellation Brands shareholders, if the Canopy/Acreage rto fails for them to charge in and scoop up a lot of potential for very low value!
Is this the turnaround point for pot stocks in North America?
Temper expectations!