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Can't wait until this busts out and will wait as long as it takes.
Looking good!!! AMMJ
Marking the 10th anniversary since Colorado voters approved marijuana legalization at the ballot, Sen. John Hickenlooper (D-CO) announced on Thursday that he will soon be filing a congressional bill to set the country up for federal cannabis reform.
Specifically, the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act would direct the attorney general to create a commission charged with making recommendations on a regulatory system for marijuana that models what’s currently in place for alcohol.
The measure is identical to a House companion bill that Reps. Dave Joyce (R-OH), Hakeem Jeffries (D-NY) and Brian Mast (R-FL) filed in April. Hickenlooper’s staff told Marijuana Moment that the Senate version will be formally introduced when the chamber returns from recess in mid-November.
The senator sees the commission that would be created by the legislation as similar to a task force he empaneled when he was Colorado’s governor to steer implementation of legalization at the state level.
https://www.marijuanamoment.net/new-senate-bill-would-create-federal-marijuana-commission-to-prepare-for-legalization/
Most definitely!
November is about to get crazy!
Thanks Cappy, was going to post this. The parties are close.
Very nice!! Thanks for sharing!!
Good news, thanks for the link, was wondering why the sector was seeing some movement today.
All the best,
Knife
$AMMJ been trading at these levels for awhile now. The chart is setting up nicely and November being just around the corner now. Next month might just ignite the fuse we need to get the sector going and set this baby up with a golden cross :)
Just not much to talk about at the moment. Nice to see the volume picking up a bit but it isn't enough to really move the needle yet.
All the best,
Knife
Finally, the sector is starting to get some attention. It won't take much to get the shares moving again.
Good times ahead,
Knife
I have added a few more shares but keeping my remaining cash on hand to see how things play out as fall kicks in. Maybe we will get some rumblings of reform efforts in the coming months, time will tell.
All the best,
Knife
Just waiting for the market to crash a little bit more...and I'll grab a few more here.
Nevada's schedule 1 drug classification has been ruled unconstitutional by a district judge.
https://www.securityinfowatch.com/cannabis-security/news/21280953/nevadas-drug-classification-for-cannabis-ruled-unconstitutional
Another domino falls, good times ahead,
Knife
Thanks for the link, good to see them planning ahead.
All the best,
Knife
I doubt that congress is going to do anything legislatively before the mid term election in November. Pretty dead around here btw
Hopefully find out soon, just positive chatter about legislation could get the sector fired up again.
All the best,
Knife
The senate recess is over tomorrow. Let’s see if Mr Schumer & Booker keep their word… Let’s see something happen before year end.
$AMMJ looks like she’s moving up off the triple bottom.
Impatience helped me grab some cheapies today.
Looks like someone put in a market sell order, maybe tripped some stop orders as well; there's always somebody.
All the best,
Knife
serious vol hitting for this
Regards
The entire cannabis sector has been in a downtrend for 18 months or so, when that reverses so will AMMJ.
All the best,
Knife
I'm sure the attention will come back as we get closer to the midterm's. AMMJ
Last time I checked out this stock and put it on a watch list (many months ago) it was at .10 and now many months later its at 4? There was a ton of hype going on on this board back when it was .10 so what happened?
$AMMJ loving the way the chart is setting up…
https://www.barchart.com/stocks/quotes/AMMJ/technical-analysis
Nice volume this morning… Something brewing here?!
$AMMJ
Still accumulating shares from time to time. It can be difficult to get a decent amount of shares without hitting the Ask too hard, due to the lack of sellers, but so far so good.
Looking forward to the pending quarterly report (hopefully next week) and the sector reversal which I believe will be in a few months.
All the best,
Knife
Agreed, loading and holding.
Should get interesting here once she breaks the 200 DMA at around .06.
$AMMJ
The quarterly report is the only thing I am waiting on but they filed for a time extension. This doesn't really surprise me since they hired a new accounting firm at the end of June. I am looking forward to seeing the revenue numbers since they are working on a few consulting projects that should have very high margins as well. I have no idea how much revenue to forecast, depends on the how much of the projects have been completed so far.
All the best,
Knife
def some good vol today - $AMMJ
Regards
Volume is picking up… News soon?!
Looking forward to when AMMJ gets some real volume going again, with the small share structure it can move quickly.
Good times ahead,
Knife
I have started accumulating shares again, brings down my cost basis and I believe the sector will be turning around this fall. AMMJ will likely have some better quarterly reports coming with the higher margin consulting work they are doing, time will tell.
All the best,
Knife
Let's hope she holds...
Broke through two month resistance range around .048 - .05 as well as the 50dma at .046.
https://schrts.co/vBqbHySc
Good times ahead,
Knife
Nice just noticed! Letsss go!
Regards
$AMMJ nice move today :)
Now that a much-anticipated Senate marijuana legalization bill has been released, Majority Leader Chuck Schumer (D-NY) said on Thursday that he is committed to working with bipartisan offices to get “something” done on cannabis reform “this year.”
https://www.marijuanamoment.net/schumer-commits-to-bipartisan-work-to-pass-marijuana-reform-this-year-after-legalization-bill-unveiled/
Given recent history I have little faith in anything actually passing but it will at least bring attention back to the industry for a while, I'm OK with that for now.
All the best,
Knife
Long-awaited bill to end federal ban on marijuana introduced in U.S. Senate
https://www.nj.com/marijuana/2022/07/long-awaited-bill-to-end-federal-ban-on-marijuana-introduced-in-us-senate.html?outputType=amp
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