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From listening to the FL Supreme Court oral arguments on the initiative, I don't see how the court rules other than letting it on the ballot. If the court does deny it, there is something fishy going on.
That's because people keep electing idiots that want to do away with our rights. We didn't need the new law DeSantis got passed regarding minors having social media accounts. That seems to be a parental decision. So while the legislature talks about freedom, they focus on the wrong issues. They bitched about having to wear masks during a pandemic, but it's o.k. to regulate issues that don't kill people.
The US Stock market was closed on Friday as was the FL Supreme Court, however the state of Florida offices were open on Friday, so go figure. The US Stock market will be open on Monday.
Since the Fl supreme usually only issues opinions on Thursdays, I’m assuming they aren’t going to issue an opinion before 1 apr. Unless they post it later today, which I don’t think is going to happen:
Since the Fl supreme usually only issues opinions on Thursdays, I’m assuming they aren’t going to issue an opinion before 1 apr. Unless they post it later today, which I don’t think is going to happen:
There have been NO postings on the FL Supreme Court site period. I was expecting either the MJ or Abortion initiatives. Neither was addressed so far. If you're waiting on some chart reader to tell you where resistance is, then you will be waiting a while. I haven't seen one yet that can predict the future. So you are gonna have to rely on the news. I can see a close in the 13 range.
Once we get past the usual morning drop we should head higher.
We'll see if once the MJ initiative is finally without a question on the ballot, the stock moves higher. My guess is some people were loading up prior to the possibility the FL Supreme Court issues something tomorrow.
I had to brag, but without a chart I came in pretty close to today's action.
From the FL Constitution. SECTION 10. Attorney General.—The attorney general shall, as directed by general law, request the opinion of the justices of the supreme court as to the validity of any initiative petition circulated pursuant to Section 3 of Article XI. The justices shall, subject to their rules of procedure, permit interested persons to be heard on the questions presented and shall render their written opinion no later than April 1 of the year in which the initiative is to be submitted to the voters pursuant to Section 5 of Article XI.
It isn't a federal holiday, but the stock market is closed. We will see the MJ initiative on the ballot in FL by tomorrow. Why the stock is trading lower this morning is primarily a function of the market makers. By the end of today we should close higher and then hit a close in the 12 range by Thursday afternoon.
Since Friday is a holiday, TCNNF will be trading only two more days this week. The last one will be on Thursday, the last Thursday before April. I'm looking for a pop up by the end of the week.
Last chance for FL Supreme Court to weigh in on an opinion concerning MJ will be Thursday. Next week it hits the ballot. I'm not sure they will weigh in on the issue. Seems a pretty simple case and a ruling could have been done in two weeks.
TALLAHASSEE, Fla., March 26, 2024 /CNW/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the opening of a new medical cannabis dispensary in Cocoa Beach, Florida.
Your US House GOP at work. Not sure how many of them are doctors. “Marijuana is a dangerous, addictive drug with no mechanism to control rouge producers from increasing potency and causing more harm,” the new GOP policy guide, which was quietly posted to the body’s website late last month, concludes. “Rather than labeling marijuana as a recreational drug, it should be labeled for what it is—a gateway drug that increases schizophrenia and impairs cognitive ability.”
According to the Florida Constitution, the justices “shall” rule on any challenged amendments no later than April 1. The court typically releases its decisions at 11 a.m. on Thursdays. But it doesn’t necessarily have to adhere to that schedule.This Thursday is the last one before April. From an article I read.
With the federal budget out of the way, the Senate and congress can now make time for MJ bills.
It’s no excuse time.
We’ll close over 12 this week.
An abortion initiative will probably also make the ballot in FL. This combo with the initiative on marijuana being on the ballot will bring out a ton of voters.
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks. The bagholder typically bought in near the peak, when people were hyping the asset and the price was high, and held it all the way through steep declines, losing a large amount of money in the process. I don't see how holding a stock like TCNNF is a "worthless stock". Like all stocks, they go up and they go down depending on factors that affect the particular stock. In our case with TCNNF it's congress and news.
LOL. Not sure what a bag holder is, but I do know a little about long term investing. Things are lining up nicely for an end of the year stock price way above where we are. You only lose when you sell for a loss. I've added to my stash as the price has gone down over the past year. Sitting in a pretty good spot right now, waiting for the inevitable run up before Nov. I don't need any chart to tell me where we're going. The upcoming week is critical for the FL Supreme Court , without an opinion FL legalization is headed to the ballot. It's already been assigned a ballot #.
Don't get stressed over the last minute trades to take the price down. Pretty much what the stock manipulators do. Ignore the noise.
Looks like they are moving some closer to getting a vote. We'll see what happens, but I do believe they will bring this to vote before the election in Nov. https://www.marijuanamoment.net/schumer-circulates-petition-for-marijuana-banking-bill-as-pressure-builds-for-vote/. The house has already approved something similar 7 times and with the number of dem and rep votes approaching almost an equal number, it will only take a few rep votes to get it across the finish line in the House.
After next week the FL initiative will be on the ballot. Watch the price. The FL Supreme Court which usually lists the current opinions, has one more Thursday before it automatically goes on the ballot. April 1.
Good thing you haven't been following the charts. You would have been in and out so many times and then you miss the run up. We are only at the beginning of this money making endeavor. News is king. The initiative will be on the ballot in Nov. The FL Supreme Court has had months to make a determination and they want to stay quiet. April 1 rolls around then it's on the ballot. Now to get 60% of Floridians to vote for it. The legislature has been making it harder and harder to get initiatives on the ballot, so this is the year it needs to happen.
Nothing has shown up on the FL Supreme Court site today, so next week is the court's last opportunity to issue an opinion before the FL legalization is placed on the Nov ballot. Here we go folks. Hang on.
If we don't see a FL Supreme Court opinion tomorrow, then it will have to be by next Thursday or it's going on the ballot.
I think we have the market manipulators messing with the price. They will be surprised when the stock takes off and they have unloaded shares much lower.
It’s confirmed, Desantis is an idiot. His latest comment about him not liking the smell of marijuana and it is a problem in states that have legalized weed. So is that a reason to make it illegal? If so I propose making cigarettes illegal because the smell is horrendous. I don’t want to go near a store with people smoking cigarettes. Ban cigarettes now. They do nothing but kill people. At least marijuana has some medical benefits and you don’t have to smoke it.
I have little confidence in this guy, but thought I'd post this article anyway. https://www.marijuanamoment.net/schumer-says-senate-will-work-very-hard-to-pass-marijuana-banking-bill-before-november-election/
The FL Supreme Court has 25 days to issue an opinion on the Marijuana initiative before it automatically gets put on the ballot.
This is why we need to vote out the current GOP, statewide and nationally. All they can figure to do is prohibit people from doing what the majority want. Two Republican senators are asking federal, state and local officials what steps they are taking to enforce marijuana prohibition as an Indian tribe prepares to launch recreational cannabis sales on its lands within North Carolina on April 20.
I think we agree. Some news is the key. Yep, made a bunch on the other sectors.
Following the company’s fourth quarter results, Beacon Securities analyst Russell Stanley thinks there is still a lot of money to be made on Trulieve Cannabis.
Trulieve Cannabis price target raised to C$35 from C$33 at Canaccord
Needham & Company LLC Increases Trulieve Cannabis (OTCMKTS:TCNNF) Price Target to $13.50. I think this is way low. I'm raising my short term price to $15 within the next few months.
We've seen the lows for the year and possibly forever. Hang in there.
IMO the stock price today is going to be a gift because the stock is going to make new highs above 12 this year and probably by April.
From CNBC interview.
We could be headed for a nice high volume day. Which of course could mean a nice uptick in the price.
Earnings report tomorrow. I look for some positive info. Late sell off today sent us lower, but that won't last.
Quarterly and EOY report in 4 days. I don't expect it to move the stock very much up or down, unless we have some huge blowout numbers.