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Kevin Sabet is against regulating but seemingly fine with letting drug traffickers and organized crime control cannabis...????
That definitely doesn't pass the smell test.
Do you have a link? Thanks DB.
Maybe there is still some hope for NY.
“I am working on amending the Marijuana Regulation and Taxation Act to incorporate many aspects of Governor Cuomo’s proposal,” Peoples-Stokes said, “including having one regulatory body overseeing medical marijuana, hemp extracts, and adult-use cannabis.”
New tax laws for US companies are going to be very big news for their bottom line.
Been researching tax code 280e which drug traffickers have to use when filing and the code most US State legal companies also have to use.
As these US companies make more revenues they may be able to collectively launch a better fight against filing under 280e.
Clearly there is no honesty in putting them in the same category as drug traffickers when it's being legitimately prescribed by MD's.
I believe CT & RI are still in play.
Texas has also been pretty active with legislation. Important that Med & rec states grow to get new laws passed.
Hmmm... that's disappointing. Link?
Thanks
CT, RI & NY look to be next for Rec.
Change is coming.... eventually
The Fed. Gov. taxes revenues even though they keep it illegal and they don't allow deductions for costs normally associated with conducting business.
So legal medical dispensaries get taxed at the federal level the same as drug traffickers... Lol Didn't realize they had their own tax code.
Our Gov dollars hard at work... so no great incentive to displace the Black Market at the federal level. In fact it could potentially create a reduction in annual Fed tax dollars.
Only in America...
https://slate.com/business/2016/07/legal-cannabis-businesses-pay-taxes-under-a-code-reserved-for-illegal-drug-traffickers.html
2019 US state Marijuana Policy reform legislation
https://www.mpp.org/issues/legislation/key-marijuana-policy-reform/
Dan Daviau, Canaccord Genuity Group chief executive officer
Similar to Bloomberg. On CNBC he expands on the Acreage deal.
The king of cannabis deals explains what could spark the next round of pot M&A pic.twitter.com/WHLCUaR2oS
— CNBC's Fast Money (@CNBCFastMoney) May 14, 2019
Good piece...Thanks.
Guess their waiting until after extended hours.
Definitely looking good and agree completely with you downside observation. Feeling pretty lucky on that point.
Really hate the sabre rattling crap with Iran and others. Lets hope it doesn't amount to anything more than that.
Cheers!
Mid-day tends to move against the morning trend more than half the time. 11:30 to 1:30.
Lol... My guess @ 11:00 would have been lower. It's looking like it's going to add to the morning up trend.... :) We'll know after 1:30 imo. Hopefully after hours will hold and not see any pullback.
GLTA
Congrats... good buy!
Decent morning bounce... watching for a small mid-day adjustment.
GLTA
Wasn't suggesting you were Happy or shorting.
Consider this:
The market under pressure from China trade does more to help Cannabis than hurt it. At least in the US.
Will people use less Rec? Will people use less Medical? Does skilled agricultural labor, and material cost increase?
The first two are a "no" imo. The hardest area hit is agriculture both in labor and materials including land are all headed for bargain prices.
The point is I don't think you really need to consult a price chart but including one wouldn't hurt.
Wishing you and your family safe travels!
Charting has it's place.
Used in isolation as the only indicator it's at best a one dimensional view of a three dimension world. It's maximum value is when it's used with multiple indicators.
Even then it takes a back seat to Co. news, world events..etc. You'll make greater gains learning to evaluate and act on those. Imo..easier to understand than many of the charting analytical models.
The trade war market dips will end up being a buying opportunity for the cannabis sector and others like utilities...etc. that have very low exposure.
Patterns that keep getting repeated post WWII.
Really don't want to see another Iraq conflict based on weapons that didn't exist or to send Saudi's the real source of middle east terrorism a message.
It will be higher three Fridays from now.
For the record I didn't look at a price chart. RSI, Momentum , 10, 50, 200 day MA's, bollinger bands, volume trend or any other indicator.
What does your price chart analysis say?
There will be opportunities...
Thanks for the post. Does anyone know if we have any interests there?
Was looking at Helius Therapeutics who look like they might be one of the better startup's but couldn't find any that CGC has a share in.
Hope and believing in a positive outcome goes a long way and valued in the better medical institutions as part of a person's treatment.
The Mayo Clinic is one, they've treated patients for over 153 yrs. so it's a component that's stood the test of time.
Thanks Darius.. you also.
You're most welcome. Keep thinking healing thoughts.
I'm in "ease" most of the time naturally...Lol Cancer was a wake up call to live differently so it did leave a gift.
Haven't bought any Acreage yet which may be a mistake. Have been buying other US companies in expectation of them receiving a big lift as policies change.
Cannabis sector holding up well today. Expect next week will repair some of our losses.
Wishing you the best with everything HG... I'm sure all here feel the same.
Lol.... I can't even imagine...
and sincerely couldn't be happier for you.
I've been here for about 3 1/2 years and that's still one of my all time favorite posts.
Thanks for that...!
OMG... I pray he makes it HG and you can both return to as normal of a life as possible.
I'm a cancer survivor. It was found while they were looking for kidney stones. Stage 3, no symptoms, pure luck. Thank God every morning for giving me one more day.
Your so right, the bills from the US healthcare system would be crushing. Canadian's share that burden with higher taxes but nobody loses everything they've worked all their life for to save themselves or someone they love.
I had decent insurance and it still cost me 10K out of pocket.
Best 10K I ever spent...Lol.
The US system is legalized robbery unless your rich. It's a shameful way to oppress our citizens and benefit the already wealthy.
Mushy is fine... still remember the morning that Far made so much money he went into the bathroom and puked.
Best wishes to you both HG!
You've been kicking butt.. many thanks.
Love this board also.
Totally agree... where's the connection?
So it's a drop that's pretty much based on nothing. Perfect buying opportunity in my view.
Maybe he'll get a deal... who knows. If he does it's a pop back up, if not it's another buying opportunity.
For CGC the effect is only going to be temporary. The US Co's may take a bit harder hit but believe they will also bounce back with a bit more time.
Maine Lobster-men, farmers who depend on exports... etc... screwed, if he ends up starting a trade war.
Not crazy about his integrity or environmental and other positions, but taking a hard line with China is way overdue and I hope he succeeds.
Nice buying opportunity this morning.
As was mentioned, my understanding is that it's for medical production only. Happyglass posted the details.
I expect the regulations for both Rec and Med will continue to be refined. It's likely as in the past that Gov will look to the larger players for input. :)
Also believe Countries are still taking note of the effectiveness of the LP's & Gov's approach before rolling out their own.
Lots of global domino's still waiting to fall and Bruce has us in position to benefit.
Hope things are good my friend.
Lol... Hemp burger & fries. The "new" happy meal.
Great posts... Thanks HG.
They are trying to keep oversight manageable.
Without some type of bottleneck the Gov. will be overwhelmed with overseeing all the licensing that's happening under present guidelines.
It's likely already a problem. The revenue from taxes is something they want to preserve. If they have to turn around and spend it on regulators to oversee all the licenses being issued it obviously defeats that benefit.
Having to build before licensing seems a bit extreme. They've been trying to figure it out as they go and we've already seen Gov. make a mess of some aspects. That's likely to continue imo.
It's good news for us and a couple others since it creates another mote for companies without the deep pockets needed. Big companies may have even had Gov's ear on this one.
It's a Happy house...
Bruce has said several times that the medical side has the greatest opportunity.
Tough to say how that will play out but it's coming and believe when combined with animal health it has longer legs than Rec.
Never under estimate "The Bruce".
You and others here have done the same for me. Best to repay in kind or pay it forward when possible.
Like to believe the loss is ours and not necessarily the ones we care about but we'll have that answer soon enough.
You just made my dual citizenship way more valuable. My life is so much better because of you guys I can't begin to tell you.
Thanks for educating me and others in this situation. Very much appreciated Darius!
Told Dogger to buy CURLF & HEXO when he was pushing CTST over CGC. Have also had my share of bad calls with more likely in the future.
Overwhelmingly I stand with CGC and the one stock I don't have concerns about recommending to friends and family who want to take a position in cannabis.
Quality management eventually wins the day.
It's beautiful down here now. I was referring to Irma. They can use tourist dollars and are making a comeback slowly.
I think your prediction of Trump using some level of legalization to forward his 2020 bid will happen at some point.
Either way it's coming.