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Keep voting for crazy a** repubs and that's what you get. They only want to control.
You'll need to be watching it closely. I'm watching to see where the dust settles. Seems to be a fair amount of external pressure to get something done, but who knows if that happens. It will IMO radically bump up the share price though if congress does approve something.
Yep. We'll see if they can pull anything out this week.
Trulieve
Dispensary Coming Soon!
8295 Sancus Blvd
Columbus, OH
Democrat Senator Chuck Schumer (NY) will try his best over the weekend to add the popular cannabis banking bill into the omnibus package being debated in Congress.
Here’s the memo that makes a difference. https://www.politico.com/news/2022/12/16/schumer-cannabis-banking-bill-00074258
Schumer plans to push the bill with the other three House and Senate leaders in omnibus meetings on Friday and through the weekend.
So still a possibility.
Really heavy volume on Friday. With the possibly of passing something still on the table we could see some rise in price on Monday. If that possibility diminishes on Monday we’re headed lower. Without that news we’re in a stagnant mode until Friday. IMO
Basically you were trading on possibilities of SAFE going through and not going through. It’s that simple. Prove me wrong by giving me a prediction for mondays action.
None of my posts are investment advice. Pretty good sarcasm.
Senate Banking Committee Chairman Sherrod Brown (D-OH) seemed to indicate that marijuana banking legislation will have to wait until 2023 instead of being included in the omnibus appropriations bill, saying that “there’s interest in the Republican House” in passing it next year. Meanwhile, Sen. Steve Daines (R-MT), who is a lead sponsor of the standalone SAFE Banking Act, said on Thursday that he is talking to leadership about using the omnibus as the vehicle to enact the legislation but that it will be “an uphill climb” to get an agreement on it.
Brown’s office later told Marijuana Moment that he “would support SAFE Plus in the omnibus bill” because it has provisions he backs, including “clarity for [community development financial institutions] and for cannabis workers regarding mortgages.”
At this point, it seems our illustrious leaders are getting close to not finding the rabbit in the hat. That won't bode well for any further increases in the stock price.
They can’t tell you because charts don’t work with this stock. We could see lower prices if congress/senate doesn’t pass something before year end. A number of those factors could come into play. Year end selling etc. I’m holding out for lower prices. Don’t know if it will happen, but standing by.
Pretty heavy volume today, too bad it was on the downside. Still waiting for those 5's.
Thanks for the info. I'm waiting on the 5's.
Well, you know things change and you have to adapt to those changes. The news and lack of favorable legislation has held this stock back. News was favorable a few months ago and right now we are at a who knows juncture. And I think it's silly that you don't post your chart projections, but they wouldn't motivate me to buy anyway, because they are historical, not predictive. I'm looking for 5's and I'm a buyer. If the senate can pass something you'll see how fast it rebounds.
We know that McConnell is firmly against it, but apparently there are other repubs that are for Safe. Let's see if Schumer can hobble together enough support. I look at it like maybe she thinks there is an opportunity and she didn't want to be wrong.
I'm watching for those 5's people are talking about. If it hits that mark I'm in for more.
Rep. Nancy Mace (R-SC) deleted a tweet in which she appeared to suggest that SAFE Banking won’t pass this year.
Found this in an article. Don't know if it means she thinks it has enough support or what. She is a republican that is definitely pro-marijuana from what I understand.
The House voted Wednesday evening to pass a stopgap bill to avert a government shutdown at the end of this week with funding currently set to expire on Friday at midnight.
The bill must now go to the Senate to be approved before it can go to President Joe Biden to be signed into law. The Senate could vote as soon as Thursday.
The stopgap measure will extend funding for another week – until Friday, December 23 – to give congressional negotiators time to finalize a broader, full-year government funding deal with new topline spending levels.
Don't know if Safe was included or not. Guess we'll see in a couple of days.
Not a problem. We each make choices. I would guess a lot of people are tired of waiting. I don't know if they are going to pass something or not.
I am really not worried about the price. I said it was going to hit the single digits. And while it seems unlikely our do nothing congress will pass anything, sales are still occurring and TCNNF is still opening dispensaries. So I'm not too concerned. Would I like it to be 50, hell yes. I'm not looking for a huge return in a short period of time, it generally doesn't happen that easy. So like I've said before, unless you are in a buy and hold situation, you may be looking at the wrong stock. The continued inaction by congress will hurt the smaller outfits more than TCNNF, so there will be other opportunities for TCNNF to expand. No investment advice, just opinions.
Hate to tell you, but you didn't save 6k because you sold yesterday, at a loss from what you said. You could have sold higher today at one point. Meanwhile I still own TCNNF and even though the price dropped today I didn't lose anything because I didn't sell. The government will allow you to deduct your loss from what I understand, but since I didn't lose anything I can't deduct a drop in stock price. That would be nice, but it isn't accurate. You only lose when you sell below the price you bought at. No investment advice here, do your own thing.
IMO we will hit a new low if legislation doesn't get approved in this term of the senate. All of the MJ stocks have been taking a beating because our fearless leaders can't get things done. Schumer is a disappointment.
I'm afraid this is just one of those trolls. You can't logically compare the two companies in any manner.
McConnell needs to go.
Amazon didn't have to get every states approval to open facilities or do business. There is really no comparison, just so you know. You don't expand TCNNF by just opening grow facilities and dispensaries, without buying someone else's licenses. But I think you know that right?
Yep, ended down, but did go much higher today before the big drop. I pretty much have what I had yesterday because I haven't sold. You only take a loss or make a gain when you sell. At least that's how the government considers it. So I guess I'm good.
I guess today's action shows it's hard to predict price movement over the short term. If you sold yesterday, you could have made more today.
Love your charts. So what is the new trend? Up or down?
Lostcoastkid
Re: None
Thursday, December 01, 2022 6:26:17 PM
Post# of 16127 Go
Best I have seen the chart look in awhile, still some hurdles but the Heikin Ashi on the weekly is showing a new trend has started, we will see….charts done mean anything from what I hear. Break the 200, backtest of support and the pom poms can get dusted off
Its all my opinion anyway, what do i know
LCK
I think we see single digits this week and I think I'm going to buy some soon. Waiting for people to drop out of the market.
Good luck to you man. I don't really rely on neighbors for my investment advice. I'm sure they are pissed, anybody that loses a job is pissed if they didn't know it was coming.
Immaterial event.
Both the House and Senate were scheduled to leave Washington, D.C., for the year at the end of the week.
The House, instead, has formally added a week to its schedule, meaning the lower chamber will now start its break by Dec. 20, while senators are warning they could remain in session right up until Christmas.
Let's hope they get something done. Unbelievable they can't put something together that would bypass McConnell's obstructionist attitude.
FL OMMU week ending 9 Dec.
90,015,463 mgs THC
1,018,039 mgs low THC
37,422.210 oz smokeable.
It only takes a few radical up and downs to convince people this stock moves on legislation possibilities.