Cannabis countdown: 3 big headlines moving pot stocks this week
Cannabis countdown: 3 big headlines moving pot stocks this week
Tim Seymour, the founder and chief investment officer of Seymour Asset Management and the man behind the Amplify Seymour Cannabis ETF (CNBS), runs through three major headlines moving cannabis stocks. Subscribe to CNBC Pro to access our live Pro Talk “How to Navigate the Reddit Market Mania” with Fundstrat’s Tom Lee and CNBC’s Mike Santoli: https://cnb.cx/3r7vPrJ
Senate Majority Leader Chuck Schumer and two other Democratic senators said Monday that they will push to pass this year sweeping legislation that would end the federal prohibition on marijuana, which has been legalized to some degree by many states.
That reform also would provide so-called restorative justice for people who have been convicted of pot-related crimes, the senators said in a joint statement.
“The War on Drugs has been a war on people — particularly people of color,” said a statement issued by Schumer, of New York, and Sens. Cory Booker, of New Jersey, and Ron Wyden, of Oregon.
“Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the country,” they said.
“But that alone is not enough. As states continue to legalize marijuana, we must also enact measures that will lift up people who were unfairly targeted in the War on Drugs.”
The senators said they will release “a unified discussion draft on comprehensive reform” early this year and that passing the legislation will be a priority for the Senate.
The trio also said that in addition to ending the federal pot ban and ensuring restorative justice, the legislation would “protect public health and implement responsible taxes and regulations.”
Schumer co-sponsored marijuana decriminalization legislation several years ago.
The statement comes as public support for legal marijuana has grown. A Gallup poll in November showed that 68% of Americans, a record high, favored marijuana legalization.
Every initiative that involved the decriminalization or legalization of marijuana on the ballot in 2020 passed.
Voters in New Jersey and Arizona chose to legalize marijuana for adult recreational use. Mississippi voted to legalize medical marijuana use, and South Dakota legalized the drug for both recreational and medical use.
So far, 15 states and the District of Columbia have legalized marijuana for adult recreational use, and 36 states permit medical use of the drug.
Oregon is the first to have decriminalized hard drugs.
Should I invest in cannabis then im a new "millenial"trader you could say and im still learning myself but I think I’d be pretty well positioned to buy some now if its a good buy
John 3:16 King James Version 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
Thank you Lord all states passing
MASSROOT is gunna go thru the roof
Democrats NEED to pass Legalization and I have hope that they will
Indiana should legalize marijuana
Support American Company’s not Canada! #Marijuwana #Stockmarket
Next GME is Vxllf
https://discord.gg/KxfJzaW6Nt
Global Legal Marijuana Market $100 Billion by 2027
January 29, 2021 by iHealthcareAnalyst, Inc.
"The global market for legal marijuana is estimated to reach $100 billion by 2027, growing at a CAGR of 19.0% over the forecast period, driven by increasing public awareness, legal use and introduction of new marijuana strains."
https://www.ihealthcareanalyst.com/global-legal-marijuana-market/
TBH kinda happy if they do this. Since the No knock raids are getting old and cartels smuggling stuff into and around the U.S. is getting old. If someone wants to get stoned off their rear. Not my problem. Just don’t drive plz and ty. Most people hate their life anymore and if Cannabis makes them a lil happier. It sure beats out the alternative which is them stealing from a walgreens.
Great video ✅From a technical point of view, the RSI looks promising in favor of the bulls, as the daily RSI is at the bullish territory above 50 (after reversing earlier today). At the same time, the Stochastic RSI oscillator is about to make a bullish crossover at the oversold area. In case this happens, it might assist the market in reaching higher highs. Lots of investors will do so well in the next bull market but you shouldn’t be of the mindset to only Hodl, which i see as an odd and old method to make profit because it can be very dangerous when the markets retracts. As hard as it is ƚradıภg Cryptos, it sure is way more lucrative and its’ quite logical if you just learn & pay attention to what’s going on, I’m not a pro ƚгadēг but I was lucky enough to make 120k usd Bicton worth since late year following the instructions and sιǫnals from results, Mr. Carlos. He has a trading community where you can meet other investors as yourself and to learn how ƚradıภg crypto works, helping them utilize the volatility of the crypto market to make profits daily. You can easily get to him 𝚠нαтαѕαρρ+19715122836 and Instagram @carlos_andrewfx
Halo Collective 📈 👍
And VIASPACE ( A0HL7V ) 1600% in 3 Month.
it will be 15 years till totally legal when boomer parents are gone
😎
Loads of money to be made in pot. If they can get fully legal it going to be a boom town
Envb is only stock i could buy unrestricted on my big bank platform. Most big banks dont allow you to buy pot stocks.
TILRAYYYYYYYYYYYYY$$$$$$$$$$$$$$
Thanks Tim. I’ve been in the Amplify BLOK ETF and that is jamming; just checked out your CNBS and that is really looking juicy. Nice lineup in there, you’re given YOLO a run for their money. Prob pick up a few shares, thanks man.
Is it legal to buy weed stocks if it’s not legal for recreation in my state?
Aight then
Sir Smoke Alot! Samson!! Lol😃
Tilt is a good investment. All aboard!
MCOA is a great stock to own
Who is the inbred creaton who decided marijuana should be illegal anyway.
Clench my pearls an herb that came out if the ground. Fear the tiny green plant. It’s little shop of horrors