RE:RE:biden and schumerFor the record I am Canadian. For my fellow believers in free and open markets, freedom, freedom of speech etc I will let you know that Canadian news outlets and now restricted in terms of what can and cannot reported. We do have a state funded news outlet however (as one can expect) this supports the narrative of the state.
With that noted, even as someone behind this regilat e narrative I can see that Biden failed the Cannabis investor group by promising to progress legalization in 2020 then failing to follow through. Schumer may have had good intentions (maybe still does) however he has failed to deliver more times than I care to go back and count.
The only rsmeaobable thing to consider at this point in time is what we know and what we can speculate on.
We know the DEA is now looking at post election to reschedule cannabis. We can speculate this will be a major positive for the sector and all stocks touching cannabis.
We know there is an election in November
We know both parties are now talking legal cannabis
We know cannabis legalization can win votes (that's how Canada got a ex substitute teacher as it's leader)
I wish I could disclose the outcome of all this however I would lose my time traveler license forever (jk).
I would encourage everyone to look forward and only trade on their own research, outlook and opinions. Not that of the what you might read on a forum.
Best Regards
Q