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So the ‘traffic light’ parties in Germany is getting mentioned that an announce next week is going to roll out. They seem to indicate legalization is on the agenda. So next week could be another week to keep attracting larger investors into both ACB an Tilray who I believe would benefit significantly in Germany(I own both).
Hard to imagine while most of the country is pro legalization you have folks like this choosing to stay in the dark ages. not sure they're postion won't be futile in the end.....
Kinda sounds like that to me ; to infer federal employees would NOT be allowed to consume.....kinda weird in that they are not banned from alcohol use .
Biden Promised to Decriminalize Marijuana. He Shouldn’t Wait for Congress.
https://truthout.org/articles/biden-promised-to-decriminalize-marijuana-he-shouldnt-wait-for-congress/
Senators call on Biden to pardon all nonviolent cannabis offenders
https://www.metrotimes.com/detroit/senators-call-on-biden-to-pardon-all-nonviolent-cannabis-offenders/Content?oid=28520636 $ACB
If anyone here doesn't like to read but listen or watch. Here is a video
"A lawyer by training, Casey joins Occo after spending a decade in breeding and licensing premium agricultural products."
Why the heck would someone say a lawyer by training? Doesn't ever lawyer go through training be it school and on the job?
Sweet news again! Finally seems like we are starting to get more frequent updates again.
https://www.prnewswire.com/news-releases/aurora-builds-on-a-decade-of-global-leadership-in-plant-genetics-with-the-launch-of-occo-301425002.html
The one I wasn't sure about is this one below. Does it imply it's still illegal for a federally employee in a state that's legal? And if so, does it mean we couldn't import as we would have to grow in a state where it's legal?
"Federal agencies could continue drug testing employees for marijuana"
agreed ; far more sensible bill ! most importantly it keeps the choice open to the individual states so those who want to stay illegal can do so, tax rate is reasonable as well . seems far more likely to garner the support it will need from both sides to get it across the line. chuck even admitted his bill did not have good odds of passing the senate.
wow hipster prez.....
Ok. Just read up on it at this below. What does everyone think? My view is it's another step forward and has some good intentions to get larger support.
https://www.marijuanamoment.net/republican-lawmakers-file-bill-to-tax-and-regulate-marijuana-as-alternative-to-democratic-proposals/
Yeah, the gop congresswoman was going to introduce a pathway to legalization at 2pm. I have not had time to read up on it yet..after she introducedit today. Obviously it wasn't a home run as we didn't close higher. At least we are still heading in the right direction.
President Joe Biden on Monday signed a massive infrastructure bill that includes provisions aimed at allowing researchers to study the actual marijuana that consumers are purchasing from state-legal dispensaries instead of having to use only government-grown cannabis.
POLITICSGOP Congresswoman’s Marijuana Legalization Bill Draws Fire From Home-State Republican PartyPublished 1 hour ago on November 15, 2021By Kyle Jaeger
The South Carolina Republican party is coming out against a marijuana legalization bill that was introduced on Monday by a GOP congresswoman who represents the state.
Shortly after Rep. Nancy Mace (R-SC) held a press conference formally unveiling the legislation, South Carolina Republican Party Chairman Drew McKissick issued a statement affirming that the organization opposes “any” effort to end prohibition and making clear that the congresswoman’s bill is no exception.
“Our Party platform is clear: ‘We support firm enforcement of existing laws against the abuse and distribution of controlled substances, and we oppose any effort to legalize the use of controlled substances,’ and that includes marijuana,” McKissick said.
“We’ve seen Democrats across the country, even here at home with Joe Cunningham and Mia McLeod, campaign on legalizing weed against the wishes of law enforcement,” he added, referring to gubernatorial candidates of the other party. “Even just today Texas Democrat Beto O’Rourke announced in his campaign video for governor that he wants to legalize marijuana.”
“Unequivocally, the South Carolina Republican Party is against any effort to legalize, decriminalize the use of controlled substances, and that includes this bill,” the statement concludes. “Since this will have widespread negative impacts, from rising crime, violence, and mental health issues in children, I think it’s a safe bet to say most Republicans will be against it too.”
Already, however, Mace said that she already has a handful of GOP cosponsors on Capitol Hill. And she stressed on Monday that her office is “getting a lot of great feedback from Republicans and Democrats on this bill.”
“My main goal is to get as much Republican support as I can initially, and we’re hearing great feedback from both chambers, both sides of the aisle on this piece of legislation,” the congresswoman said.
Advocates and industry stakeholders are encouraged by Mace’s States Reform Act, which would federally deschedule cannabis, let states decide their own policies and also promote equity in part by providing opportunities to expunge non-violent marijuana convictions.
The hope is that the legislation will help facilitate bipartisan negotiations as Democrats in both chambers work to advance separate, broader legalization proposals.
But evidently, Mace should not expect the South Carolina legislature’s GOP party to have her back, despite having previously served in the state House before being elected to Congress.
The congresswoman mentioned at Monday’s presser that South Carolina has a limited CBD program but has yet to enact a comprehensive medical cannabis program, let alone advance adult-use legislation. She emphasized that her bill would not impose legalization on any given state, but rather leave the choice up to them.
Some Republicans in Congress have led, or joined their Democratic colleagues, on other marijuana bills, but they’ve generally been far more scaled back measures—simply protecting states that choose to legalize or descheduling cannabis without touching social equity issues or creating a federal tax on sales.
In any case, polling shows that the public is ready for an end to prohibition. Sixty-eight percent of U.S. adults said they back legalizing cannabis in a Gallup poll released this month—and that includes majorities of Democrats, Republicans and independents.
Surveys also show majority support for reform among South Carolina voters specifically. A poll released in February found that residents support legalizing medical marijuana by a ratio of five to one. But the state does not have a citizen-led initiative process that has empowered voters in other states to get the policy change enacted.
Support for medical marijuana among South Carolina residents has been notably stable, as a 2018 Benchmark Research poll similarly found 72 percent support for the reform, including nearly two-thirds (63 percent) of Republicans.
Also that year, 82 percent of voters in the state’s Democratic primary election voted in favor of medical cannabis legalization in a nonbinding ballot advisory vote. Lawmakers prefiled four marijuana measures for the 2019 session, but they did not advance.
State Sen. Tom Davis (R) said earlier this year that his own party’s stance, particularly as it concerns a medical cannabis bill he is sponsoring, is “an intellectually lazy position that doesn’t even try to present medical facts as they currently exist.”
Davis previously said that if the legislature doesn’t advance reform, he’d propose a bill to put the question of medical marijuana legalization to voters through a referendum.
The senator said in May that he’s received assurances from a top Senate leader that his medical cannabis measure will be taken up as the first order of business at the beginning of next year.
Photo courtesy of Philip Steffan.
Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.
THank-you for that but didn't quite answer my question.
$ACB Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
Will you please elaborate on what might happen at 2:00?
P&F PATTERN Long Tail Up on 15-Nov-2021
PS:"Aurora Cannabis Inc (ACB) hit an upwards quarterly price breakout.
3 hours ago
I bet we are all wondering what's going to happen around 2pm edt today! Going to be an interesting day for sure.
P&F PATTERN DOUBLE TOP BREAKOUT ON 11-NOV-2021
That means: A bullish Point & Figure chart pattern that forms when an X-Column breaks above the high of the prior X-Column.
A Positive T/A development.
The Daily and Weekly are both in UPTREND! This confirms the Uptrend.
Cheers & GLTA
Results of our shareholder meeting!
https://www.stonkmoon.com/news/ACB/8087e4e4e670f681fec1e9354cbf64c2
I'm just in awe nobody here is talking about this breakout! Also.. saw this today too. :Canadian Pot Stocks Can Profit From JPMorgan’s Shot at U.S. Pot Stocks"
Lots of people taking positions based on the chart setup.... should push to $9-$10ish price target
Def some positives taking place. Medical is going well.
I believe Martin is trying to right the ship. Just taking awhile with the disaster Booth created.
Looks like this green climb is getting pretty steep! Loving this strength going into the weekend!
Nice... cracked past 8usd at the open!
Me too. I honestly would not like to have a short position anymore. It sounds like it's going to be a done deal, but even after it's a go I don't know how long of a lag will exist before we start seeing the open market in Germany. "The forming German coalition government could be days away from announcing its new cannabis policy, which could liberate the whole market and legalise recreational use, very soon.
According to Bloomberg, the parties are closing in on a deal to legalise adult-use cannabis in Germany."
Just had to check this morning to see if we keep trending up! Looks like we are. Finally the last 2 earnings are building confidence again. Wonder if we see 8usd today... would be nice to see that print again.
Lol.. this made me chuckle haha. Been holding this a long time. Read occasionally. Just get tired of some stuff. Ship it's turning but still a lot of work to do. I am optimistic
NEWSLETTER Senators push Biden for cannabis clemency (Newsletter: November 11, 2021)
Getting closer all the time! It's simply when things git hot again... so damn tired of doing all the dd here anymore. I know u r reading... haha
And this is an excellent articles about the analysis(s) bullish view. At the end they felt others might be a better value currently... no case presented why as aurora imo has waaaay more potential.
https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24022643/what-are-the-value-drivers-for-aurora-cannabis-analyst-opines-post-q1-earnings
Definitely beneficial to aurora!
https://www.bnnbloomberg.ca/germany-s-next-coalition-nears-deal-on-legalizing-cannabis-1.1679896.amp.html
https://www.cnbc.com/video/2021/11/09/aurora-cannabis-ceo-says-company-is-on-track-to-be-profitable-by-fiscal-2023.html
Imo tomorrow we go up! Today was really just the people exiting for a quick flip. My opinion but makes sense. No bad surprises in earnings, things are on track and getting better. Only bash I see on other boards are those that don't know the strategy and listen, as they are not chasing high volume 0 profit market share. Instead they are staying focused on where things are legal and where they can make money. I believe it makes sense as a long term strategy as eventually the others will have no money and we will rule! (Half joking).
Ba. Wonder if everyone here went to reddit. Didn't want to join but if that's where everyone is. Anyway, I'm pleased. Always could be better. Things that are important are moving in the right direction. Bears will point out the rec market decline but its not smart to go after a business with low profit margins. We are on track and he again confirmed on cnbc things are on track for ebita positive
Slightly missed. For those wanting the cc link. https://viavid.webcasts.com/starthere.jsp?ei=1505703&tp_key=a1dde012c8
Have to look but I believe we actually beat estimates...
I don't see anything unexpected. Was hoping for a little better on the ebita time-line but things appear on track with my initial look
Aurora on the closing bell just announced on cnbc. ...so any minutes he will be on
Aurora Cannabis Acquires a Significant Equity Stake in Growery B.V., One of 10 Successful Applicants for a Cannabis Production Licence in the Netherlands
"Cannabis stocks could become hot again on Wall Street Bets after Marijuana Moment reported Friday a new Republican-led congressional marijuana legalization bill is "imminent."
The text of the draft legislation, obtained by Marijuana Moment, specifies Rep. Nancy Mace (R-SC) leads the attempt to legalize pot. The measure, titled States Reform Act, is being examined by stakeholders for feedback and is subject to change before its official filing later this month"
It's actually more general and all the bigger canadian companies upper management are paying themselves too much.. my opinion obviously. I wasn't overly impressed with Martin when he took over here, but so far he is doing what he said he was going to do. I'm obviously invested in acb and tilray and I believe both are going to reward me one day.
Yeah, I think a lot of companies road the "covid screwed up my company" wave too far. Maybe it did to some degree. They might have played it up for more government handouts too. Not just aurora, but all the Canadian cannabis companies and then some.
I would be surprised if it opens up a pathway to sell medical marijuana from one of our certified facilities for this.. but it is another step.
https://www.marijuanamoment.net/congressional-lawmakers-approve-marijuana-research-bill-for-veterans-in-committee-vote/
this management reminds me of the democrats running the country . bankrupting the country while proclaiming victory and superiority . all while the price of EVERYTHING skyrockets .
"I can safely say we're in the best shape the company has ever been in."
Only from a management bonus standpoint.
Declining revenue. That's good news?
Declining margins. That's good news?
Declining market share. That's good news?
You have been saying "next quarter" for how many years?
The problem is "next quarter" is a perpetually moving timeframe and it never arrives.
===========
"Aurora is on the right course to build shareholder value, particularly from these levels."
Really? The share price tells a different story. I love the "particularly from these levels" part. It seems he's proud to have been part of the team that has driven it down this far. But what the heck, management still gets their bonuses and continuously reprice options. They have absolutely no incentive to do anything for shareholders other than to use them as a piggy bank for their bonuses.
I obviously cannot disagree on that. If we want to focus on the glass 1/2 full, my gut still says we are going to see things better than the competition has been reporting. This was his introductory statement in the last earnings. Keep in mind the last earnings didn't include the large sale to Israel. "Thank you, Ananth. We made significant strategic and financial progress during fiscal-year 2021. In fact, as of fiscal Q4, I can safely say we're in the best shape the company has ever been in. While there's certainly more work to do, Aurora is on the right course to build shareholder value, particularly from these levels."
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