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Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act https://www.cannabisbusinesstimes.com/safe-banking-act/news/15736710/senate-banking-committee-witness-urges-members-to-improve-pass-safe-banking-act $MJ
Trump Ally Who Lobbies For Marijuana Industry Predicts Rescheduling And Banking Will Get Done Under New Administration https://marijuanamoment.net/trump-ally-who-lobbies-for-marijuana-industry-predicts-rescheduling-and-banking-will-get-done-under-new-administration-but-not-legalization/ $MJ
Canopy Growth and Acreage Confirm Canopy USA's Completed Acquisition of Acreage
https://www.prnewswire.com/news-releases/canopy-growth-and-acreage-confirm-canopy-usas-completed-acquisition-of-acreage-302325668.html $MJ
Hemp, Inc. provides industrial hemp in the United States. The company offers pre-roll blends, fortified pre-rolls; Bubba Kush hemp; caviar/moon rocks; and diamonds and crumbles. It is also involved in the processing and farming industrial hemp; extracting hemp CBD oil; and provides education seminar for farmers and entrepreneurs, as well as provides research and development, and hemp consulting. In addition, the company sells its products under the King of Hemp brand. The company was formerly known as Marijuana, Inc. and changed its name to Hemp, Inc. in June 2012. Hemp, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada. $MJ $HEMP
Volume. Marijuana sector turn on this election season. $MJ
Was $45 let's get back to double digits
Back and fill over tommorow i bet. Calling a bottom this week. Buying select issurers
Until Friday.
MJ never broke $3.00
The weekly chart is beautiful. Just starting to curl up. I believe it should hit the 50 SMA. Was over $27 two years ago. Whole markets been smoked and when reverses should reverse pretty nice for a few imo
The cannabis sector trying to bottom. It would help if Tilray and Canopy stop falling. Added to OGI. Swapping out MJ for MSOS.
If the DOW closes green today, Cannabis MUST do the same! We have got to shake off the TILRAY hangover.
I never received an unsafe product before it was "legal"!
After they default, because they will never be able to pass that deal, they will have no taxing authority due to their criminal acts!
Super important week.
MJ $3.07
I expect MJ to hold $3.00 and produce a confirmed reversal within the next 21 days.
SAFE BANKING ACT 2023
MJ OUTLOOK 2023
Really need a green Dow Jones on Tuesday. With that, Cannabis should be green. Not sure if there will be another shoe to drop similar to TLRY on Friday.
Nice yea this sector seems oversold for sure i agree
Cannabis Sector Bottom.
So far so good ...............
I went ahead and called a market sector bottom on Monday.
Double bottom im thinking
the 420 buyers may be able to hold it at $4.20 a share ; )
Going according to plan : ) So far so good. Looking almost oversold on nearterm basis now. at lower bollinger on my chart and in 30's on rsi. Im buying individual stock on this pullback in the sector
Nice run up huh. Expect pullback but no new lows in my opinion.
Hong Kong criminalizes CBD, ranking it alongside heroin and cocaine
https://www.cbsnews.com/news/hong-kong-cbd-criminalized-ranks-with-heroin-cocaine/ $MJ
Looks oversold. Could the bears be almost finished baking news into the price? We will see.
Some Context
I’m not saying it’s good, I’m def not saying it’s bad. I like Mary Jane, but I definitely don’t think she’s for everyone. I’m pretty sure it’s best not to smoke it all the time lol but I am a hypocrite in that fact, I love my green hour(s). Going to wind down my green hours I think though. When you get to a state of mind you don’t want to change probably best to just sit tight.
we should look at different sources other than Adderall/Meth for medication for people if they feel they want it. that pharma stuff though is pretty bad, there’s got To be something better. When I say medical, I am talking about an actual derivative of cannabinoids, not smoking tree lol.
I don’t believe in “medical” marijuana and that is another sham by people who want to gate keep yet another industry via health care. If health insurance ever starts covering weed that would be absolutely stupid and at that point I would be be convinced we are living in Wall-E. Come on, can’t we all just admit we like a toke like a beer? Why should I have to say it’s for my newly acquired glaucoma that some dude in a strip mall said I have?
In addition to that, I really just think the people of today need to be shown a touch of grace. People in jail should stay in jail, but we need to look forward for people who get arrested with a personal amount weed, then go on probation. from what I’ve seen, once this happens this drives them to drugs that are worse like Xanax and other pills which don’t show up in Pee tests. Not saying weed isn’t harmful to the brain, because honestly I don’t really know for sure, but I’m not convinced it’s any better or worse than alcohol.
REFORM WILL COME BY SUMMER 2024
420 BLAZE IT
MUCH BETTER THAN ALCOHOL
$MJ Liberals push Biden on marijuana reform ahead of midterm momentum
https://thehill.com/homenews/campaign/3634045-liberals-push-biden-on-marijuana-reform-ahead-of-midterm-momentum/
Short-Term Buy Signal on Deck, 13 May 22
When the Fast MACD indicator crosses its signal line on a daily close, a short-term buy signal occurred on the referenced chart. Currently, my initial target will be in the $7.95--$8.55 area with $8.55 being the most probable.
MJ Daily Chart with Annotations
Intermediate-Term Downside Momentum is Abating, 13 May 22
See my notes on the attached weekly MJ Chart.
MJ Weekly Chart with Notes
Intermediate-Term Buy Signal on Deck
When there's no one left to sell, the price will increase.
When the indicator turns up inside its Lower Bollinger Band on a Friday close, you have your buy signal for MJ on the referenced weekly chart. Thank me, later.
INAAIM Exposure Index Correlated with MJ
Pan, what evidence leads you to that conclusion? My reading of MJ's tea leaves points to a possible base being developed between 8 and 11.
Weekly MJ View
Yeah, it's been down in the dumps for a LONG time.
It's due for a BIG bounce.....upwards.
Way way too low.....the tide will turn with the cannabis sector. It's almost inevitable.
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