Cannabis CEOs ‘tempered the enthusiasm’ around weed legalization, analyst says
Cannabis CEOs ‘tempered the enthusiasm’ around weed legalization, analyst says
#Cannabis #CEO #Legalization
Cowen Managing Director and Senior Research Analyst Vivien Azer joins Yahoo Finance Live anchors Brian Cheung and Akiko Fujita to discuss the outlook for the cannabis industry as weed stocks decline.
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Unknowing investors may want to buy dogs like Tilray, Canopy etc., but they DO NOT sell delta9 in the states. Buy and hold the multiple state operators (MSOs) CCHWF CRLBF TCNNF AYRWF VRNOF TRSSF GTBIF CURLF. Uplisting to major exchanges are coming. Stop burning your capital. Buy and hold what the institutions, banks and pension funds CANNOT. After uplisting, all of them are forced buyers for their clients. Own it before they do or get caught chasing later. If your broker doesn’t give you access to those names, you can play it with the MSOS etf.
Looks like an opportunity
They are not setup to be profitable. It seems like companies like Aurora are a big ponzi scheme where execs, engineers and other professional rake in $$ for little to no work (all stay at home jobs) while direction is driven by people who don’t know cannabis. Have to think it will fall apart eventually, but the head honchos will be taken care of and will have already made off like bandits by then.
Aurora cannabis took a major stock price hit this past week.
☝️☝️look up that handle, a mycologist, he sells shrooms,dmt, ayahuasca,lsd,mmda,psilocybin,infused chocolate bars,he’s got alot🍄💊🍫🔌and ships swiftly
Gee. I guess all those millions of marijuana consumers will just stop toking. – The business is a small side issue. Legalization is about STOPPING all punishment of adult consumers. We’re getting closer and closer with every state that re-legalizes the near harmless plant. — Legal marijuana is way over-priced, based on the prices of black-market marijuana. — But the majority of the black-market price was the "risk benefit," – that amount which compensates the seller for the risk of going to jail. Legal sellers don’t have that risk and should not be charging for it. —- After the dust settles on re-legaliization, good quality marijuana will naturally float a little above fine tobacco – at $25 to $40 an ounce. – It’s just a plant.
Glad to see it fail.
Weeds stocks are one level better than precious metal miners… one… level.