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The SAFE Act did pass the house but not the Senate. They are both in committee now to try and come up with one America Competes Act that may or may not include the SAFE Act. We should know in the next 2-3 weeks.
Yes, this is what Schumer is fighting for, social equity. He believes SAFE doesn't have enough social equity in it and will only help the big wealthy "white devil" companies which is not true. Many low income cannabis business owners are not high risk and can qualify for loans. High risk individuals should not get loans anyway, that's fiscally irresponsible and is what caused the financial crisis in 2008.
The good news coming out in the last few days is that Schumer might be willing to compromise with an omibus cannabis bill that is less comprehensive than his bill but more comprehensive than SAFE.
Although Schumer will probably introduce his bill before he allows SAFE to pass, some of the top Democrats are pushing for SAFE to be included in America Competes Act. Also, violent robberies and murders of cannabis dispensary staff are occurring every day so there is a chance Schumer could give in to the pressure. Personally, I believe Schumer will not include SAFE because he is a stubborn and self serving SOB. However, I would love to see it happen if only to shut up the smug, know it all, pessimists.
I saw that report, hopefully it has legs. It's absolutely ridiculous that cannabis is a Schedule 1 drug with no medical benefits. That should be very easy to prove false.
Don't be so sensitive. I'm not insulting you. Your pessimistic calls might very well end up being correct. I'm just expressing both sides of the story. To be honest, I'm leaning toward the pessimistic side because Schumer is one stubborn SOB!
Pessimists will say new 52 week lows are coming but optimists will say SAFE Banking legislation has a good chance of being included in the Competes Act. Top Dems including Nancy Pelosi, Janet Yellen, Patty Murray and Dick Durbin are pushing to keep it in. Violent robberies and murders of dispensary staff are occurring every day and that is putting a lot of pressure to get SAFE passed. It all hinges on Schumer who has the final say.
I know you're anti-MSOs but Tilray's numbers last quarter were considered to be pretty good. It doesn't seem to matter how well any cannabis company is doing, the trajectory is down. Although one cannabis company (CBDD) is up approx. 150% in the last month or two, so there are exceptions.
Michael Burry is famous for being early with his calls and he did pretty well for himself. I'm going back and forth about when to get in. I'm tempted to get in early at these levels due to fear of missing out on a run, but I'm also tempted to wait until the price drops a little lower.
It's hard to pick a bottom. We should be at the bottom but it doesn't seem to matter how well a company is dong, all that seems to matter is legislation from Washington. That's not the way markets are supposed to work but that's the way it is and one has to invest based on the way things are not the way things should be.
It looks like we might get some legislation later this year. Although there is a lot of support for SAFE banking to remain in the America Competes Act, it seems Schumer will leave it out. I think Schumer will wait to introduce his own reform bill (mid July to mid Aug) and then blame the Republicans when it fails and use it against them during the elections. After the elections, he won't have any reason to stop a revised SAFE.
Poor Mojo, he has been a pessimist for so long. At least his English has improved. For six years on another board (CBDD), all he did was say "Dead Cat" all day every day.
In my opinion, big pharma is the real enemy. Their drugs are doing more harm than good as the article Bonno posted states perfectly, "Lots of people are making the switch" to medical cannabis because psychiatric pharmaceuticals either "didn't work, did more harm than good, had unbearable side effects, or a shithouse combo of all of the above."
Opiods have decimated our society and it has been found that many violent criminals including most mass shooters have been on big pharma drugs.
Yes, the biggest cannabis companies are self serving but that is the case with any industry.
Yes, the cannabis industry has some short term problems but its trajectory is up, way up, and it is doing much more good than harm for the world.
Yes, most big companies are corrupted and self serving. However, LPs produce lots of medicinal cannabis to the benefit of millions of people, which is what you seem to be supporting. Isn't it?
Also, as the article you posted says, "Lots of people are making the switch" to medicinal cannabis because psychiatric pharmaceuticals either "didn't work, did more harm than good, had unbearable side-effects, or a shithouse combo of all of the above." Wouldn't your time be better served attacking big pharma companies that are doing much more harm than big cannabis companies?
I'm also just wondering about your work as a doctor. I have a detective's mind so I'm wondering why a retired doctor would spend all his time attacking the cannabis industry. It doesn't make much sense unless he was in the back pocket of big pharma. It has been well documented that many doctors are in the back pocket of big pharma. Big pharma is the manufacturer of the world's most powerful and destructive drugs and the doctors are their pushers. Care to comment on your involvement with big pharma?
Doesn't Bon mean "good" in French, so Bon no would mean "no good"? Is that the meaning you're trying to relay behind your alias? Just wondering.
I think I'm starting to figure out your stand against the cannabis industry. Did you prescribe lots of big pharma drugs as a doctor, by chance?
Bonno, Bonno, Bonno, this is old news. Have you been speaking with the city hall clerk in Flin Flon, Manitoba again?
Tilray is not a Canadian company, it is an international company and it is grabbing a stronger global foothold everyday. Hello, McFly, hello?
Bonno, Bonno, Bonno. Now your arguments hinge on some quotes from some members of city hall in a couple of small towns in Canada! You have to try harder than that!
Bonno, Bonno, Bonno. You shorts have made a killing the last 15 months. Be happy, be grateful. Take your gains and live it up before it's too late and you lose it all.
Bonno, Bonno, Bonno, your arguments are so weak. Illegal weed is better than legal weed, cannabis consumption is going down, etc., etc.. Yes, too much supply has been grown and consumption in Canada might have dropped for a month but these are short term issues and far from signs of a doomed industry. Quite the opposite, Cannabis continues to be one of the fastest growing industries in the world with sales at all time highs.
We all know your real intentions, I just wish you would come up with some stronger arguments.
The train did leave the station 15 months ago. It was more like a rocket ship with some cannabis stocks skyrocketing 75X.
Cannabis shorts have been lucky enough to have an incompetent (and corrupt) Washington cater to your needs for 15 long months. It's unprecedented and unparalleled. It's the biggest short since the big short and maybe bigger than that. It might stretch out for another 6 months or it could end tomorrow and shorts could lose all the gains they have made overnight. It's a big gamble, so it is important for shorts to remember, hogs get fat and greedy pigs get slaughtered. Oink Oink!
Exactly, and it has a fair chance of being included in the final version as I explained earlier.
You might be right about over supply but that is easily correctable. As far as quality, you can't seriously think that illegal pot is better than legal pot. Illegal pot has been laced with fentanyl in many parts of the country, and who knows what else. Also, who wants to risk going to jail for buying illegal pot? Forget jail, who wants to be seen buying pot from a sleazy criminal drug dealer on the street?
Legal pot is here to stay and there is nothing you, Washington, cartels, big pharma or anyone else can do about it. If you're such an incredibly rich guy why are you dealing with cartels and dirty hedge funds trying to stop a runaway train? It's fruitless.
Why so quiet this weekend? This company just announced $23M last year for god's sake, let's make some noise!!!
I would rather look at that photo all day than read more endless posts from hedge fund/cartel trolls, or read another article about Schumer's inability to pass a bill.
It also reminds me to buy 2 jugs of milk.
No need for hedge fund trolls to try and spread apathy and encourage capitulation, Washington is doing a good enough job of that as it is.
When this is all over, Hollywood will make a movie about it titled, "The Biggest Short"!
Hedge fund trolls are strong with this one.
Like I said before, for stocks of companies (and an entire sector) that are doing very well to crash for 14 months is insane and violates the fundamental principles of the stock market, and everything else in life for that matter. When a company does well, the stock price is supposed to go up not down. Tilray had a great quarter and the price went up for a while but now is crashing again. CBDD is a small company that reported $23M in revenues last year and it was barely up yesterday and continues on a downward trend. It's insane!! If the revenues of a company are great, it shouldn't have to rely on what happens in Washington for its stock price to go up.
Anyway, I'm done crying tears in my beers. I'm going to see this drop in the cannabis sector as an opportunity and I'm buying as much as I can at the bottom. Jefferies, and others, have called this "A generational wealth building opportunity", so I'm not going to miss out on it.
Don't play with those cartels Bonno. If they pay you and you don't deliver they will cut your head off and hang your carcass by the feet from a bridge! However, if Schumer refuses to include SAFE banking in the America Competes Act, you might be right, prices of cannabis stocks will continue in the same direction and that's down.
Schumer is hell bent on social equity and he won't approve anything without it. I'm all for social equity but the republicans in the Senate aren't, and they won't vote for it. Schumer is stubborn and his bill will have to fail before he wakes up and approves SAFE later in the year.
The news report says audited financials, what am I missing?
Amazon didn't have a net income until just a few years ago.
I know that some people have lost all faith in Washington and it's completely understandable. However, just as you are holding Biden accountable for his broken promises, so will the Republicans in the midterms, so the Dems need to pass something before then.
Banking reform (SAFE Banking Act) has bipartisan support and has the votes to pass right now. It has passed the House 6 times but Schumer has refused to even let it go to a vote in the Senate. Now that Schumer realizes his bill doesn't have the votes to pass, it is expected he will allow SAFE to pass as a first incremental step toward legalization. You can read write ups on it on Todd Harrison's Twitter account and the video, "This Week in Cannabis News".
Yes, cannabis being illegal is a major problem and is the main cause of the drop in the cannabis sector. However, we don't necessarily need full legalization. Cannabis banking reform will allow banks to invest in cannabis companies and that will be a huge catalyst for even more growth. Cannabis banking reform is expected to pass this year along with legalization in Mexico and Germany (which will greatly help the cannabis industry, especially Tilray).
Exactly, big pharma is spending billions trying to crush cannabis but it's a waste of their money because it is very unlikely they will succeed. The continued success of the cannabis industry is proof of that. Cannabis has been around longer than big pharma and is trusted more than big pharma.
People are losing trust in big pharma. Their drugs have devastated society. Not just opioids but all of their drugs (even their mildest drugs) have brutal side effects. Big pharma is getting sued by their victims and their victims families including mass shooting victims as most mass shooters have been found to be on big pharma drugs.
If big pharma was smart they would embrace cannabis and incorporate it into their industry, and see it as the future of their industry and not the enemy of their future.
You mean the cannabis sector of the markets is dead. Even with all the barriers, the cannabis industry is doing very well. It is one of the fastest growing industries in the world with sales at or near all time highs. The stocks in the cannabis sector should be doing as well as the cannabis industry, going straight up, but they are going straight down, as we all know. It's ass backwards and violates the basic principles of the stock market, and everything else in life.
As we all know by now, big money (mostly from big pharma) is taking advantage of the fact that institutions can't invest in the cannabis sector and is trying to short the cannabis sector into the ground. They (and their low life trolls) are trying to create apathy and capitulation forcing cannabis companies to go under and delist.
On the bright side, even with the incredible incompetence and disfunction in Washington, reform is happening and that is the catalyst we need to get out of this bottomless pit!
You really believe that? Marcel owns and controls CBDD. The only one who could remove him from his position as CEO is him! Marcel is a great salesman and businessman but he had a few shortcomings as CEO, so he appointed the new CEO for the greater good of CBDD. It's a great move and he should be commended for it.
Wall Street insiders have divulged the fact that big money is trying to crush the cannabis sector. They are shorting it into the ground trying to create apathy and capitulation forcing cannabis companies to go under and delist. This is a fact, not a conspiracy theory. Some individuals have chosen to micro focus on CBDD and look at CBDD with tunnel vision and remain blind to the big picture, but that's very foolish.
The cannabis industry is one of the fastest growing industries in the world with revenues at all time highs, so it is unlikely big money will succeed in crushing cannabis. As we get closer to legalization, cannabis will become unstoppable. It is already happening, hopefully this cannabis sector run will last, but even if it dies soon we will have many more runs as we get closer to legalization or significant reform.
It's helm, not helmet. I said Marcel built this company from almost nothing, not nothing. Sprung started the company but Marcel built it and generated $26M out of the $27M in revenues. 95% of the success of CBDD is Marcel. That's fact, not fiction.
Marcel appointed your beloved new CEO, Prince Paul Gurney. That's fact, not fiction. Get it straight.
Prince Paul Gurney has awoken you from your long slumber and he will be good to you. You both will live happily ever after in his royal castle.
Speaking of miracles, it would be a miracle if we could figure out what the controlling powers (the big money) are going to do with the markets and cannabis sector. Is this a real run or will it end on Monday? Will they finally allow the prices of cannabis stocks to reflect their true value or will they not allow it until after legalization?
Figuring out what they want to do with the markets is like trying to figure out what makes women happy, it's impossible!
Some people are acting like it is doom and gloom and the end of the world for cannabis. It's true, cannabis is up against a giant. Big pharma and their big money is desperately trying to crush the cannabis sector, especially after Senator Schumer said he doesn't want the big players to dominate cannabis. Big pharma is spending billions on new drugs and even more billions marketing them. We see their ads on every commercial break. The last thing they want is for a new remedy like cannabis to take market share away from them. So they are spending billions to try and crush cannabis.
However, it's unlikely they will succeed. Cannabis has been around longer than big pharma and people trust it more than big pharma. Cannabis sales are at all time highs and the cannabis industry continues to be one of the fastest growing industries in the world.
Big pharma and their big money (and their low life trolls)can continue to try and spread apathy and try to create capitulation but it's unlikely they will put much of a dent in the cannabis industry.
Legalization IS happening and when it does, cannabis will be unstoppable. So why is big pharma and big money wasting billions trying to stop a runaway train? Let's be honest, big pharma and big money will find loopholes and will eventually dominate the cannabis industry anyway. They should save those billions and put them to work creating and marketing cannabis drugs! If they can't beat cannabis, they should join them!
It seems unlikely the world could have a sand shortage for concrete. However, if you did your research, you would learn that desert sand is useless for concrete because it is too round and does not lock together. You can read about it in the BBC article, "Why the World is Running Out of Sand".
Cementless concrete is the future as regular concrete leaves a bigger footprint and is creating a worldwide sand shortage.