Tailwinds will eventually come for cannabis stocks: Canaccord Genuity's Bottomley
Tailwinds will eventually come for cannabis stocks: Canaccord Genuity's Bottomley
Matt Bottomley, Canaccord Genuity analyst, joins ‘Squawk on the Street’ to discuss Bottomley’s read on cannabis sector stocks, what happens if legislation stumbles and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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All of these bills being introduced is really amazing to see! When I was younger, I never in my wildest dreams thought that there would be a chance of MJ ever being legal or even decriminalized in my lifetime. I always thought it was inevitable, but I really thought it would take much longer. It’s a shame about all of the people’s lives who have been ruined due the prohibition of the single safest intoxicant known to exist. It’s not 100% harmless in all circumstances, but I firmly believe it is less dangerous than refined sugar. It is time to let go of the past propaganda, and finally put an end to all of the suffering the prohibition has caused.
HAHAHA to all the call buyers, Wall Street got you all again lol. Wall Street is piling on the shorts right now :P. They are using your own shares to drive the price of your stock down 70% lol.
It’s a Pump and Dump. These market makers should be investigated by SEC/DOJ and jailed. They bought calls to pump it up causing a Short squeeze then short it and Dump the stock. Criminals!
“a bit of a downward trend”? 70%? Please.
You’re not smart if you don’t have MSO’s in your portfolio for the long term. Best growth sector of this decade and it’s not even an unknown. This is more like a big money and retail, Robinhood, just cannot access it legally. It’s so obvious it’s kind of like what else are investing in right now if not MSO’s? The growth and value just beats anything else into the dirt..
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Budweiser is going to be a MEGA GIANT when they ENTER the Marijuana GAME. WARREN Buffet already wetting his beak.
Nearly every pot stock is down 50-70% in the last year because spineless Joe Biden basically lied when he said he would move towards legalization/decriminalization. As a lifelong liberal I have never been this disgusted with the Democrat party and their spineless, rudderless drifting around the real issues of the day.
Load up on cannabis stocks before 420! CGC, TLRY, CRON… 👀 💸
I’m expecting more videos of you shorting, I’ve been across a few investors that really made it big from shorting, I’m talking about $380,000 in profit within a few weeks and I’d really love to know how and when to short stocks
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