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Marijuana Stocks Fall As Canadian Regulators Crack Down On CannTrust
Canadian cannabis producer CannTrust (CTST) on Monday said thousands of kilograms of its weed have been placed on hold after regulators found the company grew cannabis in unlicensed rooms and gave those regulators "inaccurate information." CannTrust stock plunged Monday morning, while most other marijuana stocks retreated.
https://www.investors.com/news/marijuana-stocks-canntrust-stock-fall-health-canada-inventory-hold/
Apples and Oranges. KSHB is not in a federally illegal business. Any idiot would know the difference.
Comparing the two is like suing a condom for child custody. Unrelated and weird.
Didn't anyone enjoy a long weekend? Looks like a food fight at a kindergarten got out of hand.
Most of the MJ stocks, US and Canadian have been struggling.
Most do not make profits.
Most lose money every quarter.
Most have seen bad quarters this year.
It's a long hot summer when most often it's better to not be in any market and if there wasn't a chance of the States Rights bill passing or a buy out or some other crazy long shot of MJ being legalized, I would not be here either.
I could see day trading this for the summer but holding any serious stake is not what I'd do. I'll buy some at the low .50's or .40's - doubt it will go lower because of it's intrinsic value.
So with TRTC have an undervalued, asset laden company in a brand new industry with world changing news coming.
BRING IT ON BABY!! I'll Buy on the news of legalization in any form.
Then on the other hand, we have choices of all the billion dollar valuation companies that will take decades of revenues to deserve their valuation while still losing money but at a much more substantial level to the idiots who score these stocks. These choices are being sold as the best MJ companies when the fact is they are more overvalued than any stocks I've seen in years and at best they will make modest gains.
I'm not playing in the OTC for modest gains, I could get that from equities I don't need to watch every week.
I'm here with money I can lose to make a moon shot, not looking for lunch money.
I suggest current or future investors filter out the pests and go ahead and figure out the value of TRTC using past present and future revenues.
Investors largest losses are attributed to impatience.
Shorts largest losses are attributed to greed.
Penny shorts rarely have enough effect or cash to drop a stock significantly.
Instead they rely on help from impatient investors.
They use paid shills to change perception's.
It's a slimy business that needs regulating.
Today there are a couple of folks that will.
Choose wisely.
Looks like the insiders are exercising their rights at a good time.
Hope so. Amazing Planet 13 did not get a license.
It also looked like the MM's were signaling a drop but it never happened.
Looks like they were either betting on the company or stopping a short run by an individual without enough coin.
If I remember, Nevada just had another round of licensing and it was disputed by several companies because they felt it was tilted toward friends of the board. The first round went to the Nevada board but I don't know if or when it will be settled. It might already be a done deal and TRTC has to wait for another opportunity or buy an existing one.
Yep Pee Wee all over.
I went liquid 50% in my portfolio and I keep a loss sell point on everything else. I don't like the trends. To much fiddling around with the economy in my view. There is no reason to keep the rates down now but we are. So lots of folks who would ordinarily keep a large portion of their money are putting it in stocks. When the bull turns to a bear it could be a really bad turn for some folks.
Ain't that the truth. It will take TRTC to perform to the plan.
Until we see results we are in a holding pattern.
If that were true why don't I see you at all the obvious P%D asset less stocks like ONCI? Or mags current pump.
I know one of the shorts. He made a mint off TRTC Still, not enough chips in the game to really hurt. These coordinated BS runs with your buds don't work at these depressed levels. It would take something like Fuzzy Panda's crap to drop the stock any further than .50.
But then you idiots would be killing the goose that lays the golden egg. Volatility makes investors just as capable to profit as a short with less downside risk.
Still you folks do neither. Just paid shills.
What a laugh - I own shares - you don't. My money is where my mouth is, your's is on a short's ass.
What a laugh - typical response.
If an engineer built a bridge that was not to specification and it killed folks, he would be prosecuted.
If the drug CEO's are not held accountable then we get places like West Virginia where the principle cause of early death is drug related.
That is probably true. Still wonder why not sell Med marijuana products along side CBD. Still think it's a license issue.
Tough to see what the issues holding back CBD and Hemp stocks are. Seems industry wide. I'm guessing the lousy roll out by the Gov't
My wife uses some CBD products but we found the net has the best prices so after one visit we now shop on line and pay about 50% less.
Not sure what that means for the long term prospects of CBD stores or, for that matter, any stores hocking anything.
I don't thing Sears is just a retail story. The same dynamics will hit every type of brick and mortar operation.
I agree - small letter wow. Why not sell both CBD and medical MJ seems like it's complimentary? Wonder if it's a license thing and wanting to get some revenue from it while waiting.
I don't know many over 60's that smoke in any form any more and having quit I doubt many will smoke in any fashion again. But they will have aches and pains.
And the folks who grew up in the 60's and believed the
anti-marijuana slogans or had a less than good experience with pot will be much more likely to visit a CBD store than a recreational MJ store.
I doubt these idiots will ever get their goal of sub .50. The amount they wave on L2 is not enough. Sure wish they had more money to waste trying to drop the price. .46 would be nice again.
RVINE, CA / ACCESSWIRE / July 2, 2019 / Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech") or (the "Company"), a vertically integrated cannabis-focused agriculture company, today announced that it started the process to open a CBD only retail location called Blüm CBD in downtown Las Vegas at its retail location on 121 North 4th Street.
https://finance.yahoo.com/news/terra-tech-open-bl-c3-123000689.html
We all should celebrate. Congrats to him.
19 years is a long time. I doubt many US born folks would wait 19 years for anything.
Sorry, but in all sins the GOP is by far the worst in scope and deed. No comparison.
We need to view the elections in 2020 from a 'Ends justifying the Means' view as the GOP does every year - even in their own primaries.
maybe you are right. We should do exactly like the GOP. Say what it takes to get elected and then do what's right when in office.
The GOP is all about the ends justifies the means. We need to fight fire with fire.
My Grandson said it was a half a year. Not enough. And it seems as though American history is being taught in two extremes one the far left version that is the apology tour or the far right's version of the victor's tale. College used to get it right but now some colleges will not allow alternative views on unsettled matters.
It's all about fear. What drives fear is the unknown. It's human nature.
Is there any doubt half the country never reads real news much less a book on any number of their easily dispelled boogiemen like evolution, climate change or international trade. I doubt any of them know what NATO stands or what it does. Now that the Supreme Court has approved Gerrymandering the Dems better start Gerrymandering their states and work hard to flip more states blue. They need to bring a gun to a gun fight as a minimum.
Maybe free but mandatory refresher courses on civics and American history taught by the state colleges that we all need to attend once a decade with a tax cut for those that pass with a C.
A Time of Decline
New Frontier Data also notes that during this period of expected growth, the overall United States economy is expected to slow. The company’s news release cites a Kiplinger report anticipating a slowdown in job creation in 2017 and a drop in the rate of GDP growth.
Related: Study Finds Most Investors Comfortable With Businesses That 'Touch' Marijuana
“The cannabis industry continues to be a positive contributing factor to growth at a time of potential decline,” Aguirre De Carcer said.
https://www.greenentrepreneur.com/article/289947
Marijuana Lobby Grows As Legalization Spreads Throughout Country
Another area of uncertainty is President Donald Trump’s position on legal marijuana. Most of the focus has been on new Attorney General Jeff Sessions, who in the past has been a vocal opponent of legalized marijuana. So far he has offered no indication what, if any, changes he might make in the federal government’s approach to states making marijuana legal.
Marijuana remains illegal at the federal level.
With those caveats, the New Frontier Data report projects that by 2020:
Medical marijuana sales will have increased from $4.7 billion to $13.3 billion
Recreational marijuana sales will have increased from $2.6 billion to $11.2 billion
By 2025, total marijuana sales will reach $24 billion and almost 300,000 people will work in the industry
https://www.greenentrepreneur.com/article/289947
The most serious potential obstacle to fast growth in cannabis employment is the Trump Administration.
https://www.greenentrepreneur.com/article/289947
Marijuana Industry to Create 283,000 Jobs by 2020, Report Projects
https://www.greenentrepreneur.com/article/289947
Some where in the middle is the right course. I don't think anyone respects a free ride but the kids that Trump has separated from their parents need to be cared for as if they wee our own. Because once we decided to punish illegals by taking their kids away from them we are responsible for those kids.
I am sure many may have been thinking of today and the kids and teenagers we have decided to forcibly adopt.
This country is totally screwed because the racist fearmongering Trump has adopted as our policy to deal with people south of our border.
I have no doubt if they were Ukrainian blonds Trump would open the doors.
Wonder how much the fireworks are costing these days with the trade tariffs?
I was thinking more of walking a blimp of a yellow stained mattress around the mall.
Or we could let them have a work visa and earn taxes off them.
Same here. The only issues I find with foreign workers is related to safety. I found I always have to make sure they don't get hurt in their haste. Sometimes their fantastic abilities to 'make do' doesn't conform to quality or safety requirements of a job. But at the same time anyone who was supervising had a much easier time with them than with home grown kids.
Sometimes I feel like I spent my entire adult life making people do what they did not want to do for eight hours a day and then paid them for being an anchor around my neck.
Sadly, the guys I'm taking about had college degrees and earned good salaries.