Sunday, November 27, 2016 6:23:44 PM
Longer term, ironically, a positive outcome of the upcoming vote that has been driving the Cannabis Sativa share price higher these last few weeks, is a very clear negative catalyst. A nationwide legal marijuana industry could, according to recent analyst estimates, be worth 50 billion dollars by 2026. As especially CBD-based products might well become a household product over the coming years, companies with serious plans and serious money will enter the market and hype will be replaced by fundamentals. By that time, Cannabis Sativa will no doubt have long been wiped out.
Disclosure: I am/we are short CBDS, GRWC.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I am long DEQI. This article should not be construed as an advice to either buy or sell;
http://seekingalpha.com/article/4020455-cannabis-sativa-hype?source=marketwatch
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM