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Still here, just traveling some. Didn’t think the stock would move until legislation or something happens with the senate. As I keep saying news is king.
Received Ohio dispensary approval. https://webfiles.thecse.com/Monthly_Progress_Report-_Form_7-July_2022.pdf?ooi_nTHrAxeYURBMLw4E6OrDGVf8rO.a
A number of people interested in moving something forward, https://www.marijuanamoment.net/congressman-says-his-marijuana-expungements-bills-could-be-adjunct-to-reform-package-with-banking/
Sounds like you have a lot of common sense. I don’t expect legislation for a while, but I do expect some legislation regarding pardons and banking. TCNNF will make money regardless of legalization.
You are correct. AMZN is one of my holdings. I'm up $22 per share since the 20 for 1 split in Jun 2022 or 18% for the chart people. I've likewise been holding this one for a long time. Didn't get out when the charts went negative.
You are correct. AMZN is one of my holdings. I'm up $22 per share since the 20 for 1 split in Jun 2022 or 18% for the chart people. I've likewise been holding this one for a long time. Didn't get out when the charts went negative.
I look for positive earnings and record revenue. As we meander along waiting for some legislation from the Senate. The story hasn't changed as far as I'm concerned, still adding dispensaries. I'm looking for some type of acquisition soon.
New Dispensary in Kissimmee, FL. The story continues.
https://finance.yahoo.com/news/trulieve-opening-medical-marijuana-dispensary-113300635.html
I guess I've been a little undervaluing the company. From Market Beat.
Average Stock Price Forecast$69.63
High Stock Price Forecast$135.00
Low Stock Price Forecast$47.00
Forecasted Upside/Downside+423.5%
Consensus RatingBuy
Rating Score (0-4)3.00
Research Coverage8 Analysts
Maryland regulators have made changes to the medical marijuana program that make it easier for patients to renew their medical marijuana IDs and reduce the cost of the cards, which could drive up patient numbers and lead to more sales for dispensaries.
This is a positive for TCNNF.
I'm sure the weather is much better in FL than WA.
From an article I saw today. According to some analysts, Trulieve's report is expected to show that revenue increased by 50% year over year, and Curaleaf is expected to increase revenue by 8%.
Yep. Bottom is in. But you might want to check with LCK's charts. They seem to be more predictive than the news that's coming out, right. I haven't seen him post anything related to where we're headed based on charting. Up 6% today for no real reason other than TCNNF is making a ton of money and will report next week. The Senate is at least looking at some type of MJ legislation, nobody knows where that will end up. The story hasn't changed, dispensaries opening in AZ, MA, FL. CT looks to be in the expansion mode. I expect some type of banking legislation and criminal changes.
You're probably right.
You're welcome. Interesting how the market took a downturn today and TCNNF was up 6%.
I think what a lot of people don't realize is that TCNNF is going to make a ton of money regardless whether the senate passes full legalization. In fact I would argue that legalization makes things more competitive. The present situation gives TCNNF more time to build the empire. The things I would like to see passed are safe banking and criminal reform. MA is passing legislation that decouples 280 e, so maybe more states will use that approach, unless legislation moves forward on that front.
If you are waiting for the charts to tell you when to buy, good luck.
So far the story is on track. New dispensaries and a number of MJ proposals in the House and Senate. We'll see where it goes, but I think we see some legislation concerning safe banking and expungements. Those are the two easiest things to get passed. I expect awesome numbers from TCNNF on 10 Aug.
So it appears that reform is being processed from all angles. https://www.marijuanamoment.net/federal-marijuana-records-would-be-expunged-under-new-bipartisan-congressional-bill/
MA is moving along some MJ legislation addressing 280E. Should be beneficial for TCNNF.
Rodrigues said the compromise bill also includes language addressing Section 280E of the federal tax code and the taxation of cannabis businesses.
"To ensure that cannabis businesses can thrive in the commonwealth, it decouples provisions of the Massachusetts tax law to allow cannabis businesses to deduct ordinary business expenses," he said.
Here's my take. The Senate dems introduced a wide ranging MJ bill that I don't think will pass right now. It may be a true effort to do something, but it may also be a strategy to throw non-approval of the bill on the repubs. I do think you have to follow the money and I think that some type of banking legislation will pass. I see Biden doing something for criminal expungement, which would address one aspect of the bill. So I see a piece meal approach as the best way forward. We are already seeing movement toward the research part of the bill, as a separate bill.
In the meantime I see TCNNF making tons of money and moving along in expansion mode as they've done in the past. IMO
It's easy to tell who is for and against. Interesting the Republicans brought in some guy that wrote a book. He had no particular credentials concerning marijuana and was not a doctor, but said marijuana caused psychosis. As far as I could tell the guy had no medical qualifications and the only doctor testifying disputed the Republican witness. I still think Safe Banking will pass once they go through the process of trying to pass the bill Schumer put out there. Failing to pass legalization only hurts the small outfits. TCNNF is still going to make a ton of money. I look for an announcement concerning the 2nd quarter stats any day now.
Senate hearing today at 2:30pm you can tune in if you want https://www.marijuanamoment.net/congressman-says-hes-finally-overcome-marijuana-banking-hurdle-with-introduction-of-senate-legalization-bill/
https://www.judiciary.senate.gov/meetings/decriminalizing-cannabis-at-the-federal-level-necessary-steps-to-address-past-harms
There are more analyst projecting much higher numbers than this one analyst. What is this guys success rate ?
On the Senate schedule for tomorrow, so at least there is some talk about cannabis.
Tuesday, Jul 26, 2022
2:30 PM – SD-226 Judiciary
Subcommittee on Criminal Justice and Counterterrorism Hearings to examine decriminalizing cannabis at the Federal level, focusing on necessary steps to address past harms.
Safe Banking bill seems to be a fall back position. At least getting that through would be a start. https://www.marijuanamoment.net/another-top-democratic-senator-joins-new-marijuana-legalization-bill-but-says-banking-reform-must-still-pass-asap/
Pretty much a dead board until we get some news.
Other news. https://www.marijuanamoment.net/schumer-commits-to-bipartisan-work-to-pass-marijuana-reform-this-year-after-legalization-bill-unveiled/
We may have some up and down movement until legislation becomes a fairly certain thing. It is not going to happen in a week or two. Meanwhile TCNNF earnings will be coming out within the next few weeks and we are likely to see great revenue and earnings growth. With all that is going on, I think we probably hit a bottom a few weeks ago. The stock is up over 15% in the last few days. I told you it would go up if legislation hit the senate.
The stock closed at $11.86 on (7/19) and closed today (7/21) at $13.69. So up 15.4% in two days. I'm not aware of anything happening with TCNNF other than a few dispensary openings. Hmmm.
I think we see again a ramp up of revenue etc. I can't keep up with the number of dispensaries they are opening.