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Political philosophy is key for Rec. to happen anywhere.
States like NY, RI and CT will still move forward and when the Fed doesn't have it's current distractions there will be greater reason to change national policy.
The cannabis sector may end up being a safe haven for investors as the overall market pulls back. If problems persist it will likely hurt us but only temporarily. JMO
Good article...Thx.
A "good faith" deposit seems reasonable to enter the lottery, but not getting it back if you don't win a spot sounds like illegal BS to me.
Dude sounds like a dick.
All eyes are on Canada. It's the canary in the coal mine for any country considering Rec.
Eventually it will smooth out. Just got to get past folks like Ford to get there.
Originally Bruce estimated we would see 250M once Rec was in full swing. That clearly won't happen for at least six months or longer imo.
You'd think he would want to fast track it Given the revenue they'll be losing by screwing around.
Think opening a store there is a good plan. Do you get the 6K back if you don't win a spot?
75.5M, isn't bad considering problems with Canadian Rec rollout.
Thanks.. will have to call and see if I make the cut.
Happy profits.
I'll call Fidelity. Thanks
Amazing... is there a threshold for #shares you have to own?
Yes.. some slips through the constant news of our dysfunctional system.
Hope it gets sorted out soon there.
Cheers
The world is going nuts.
You guys have the "No confidence" vote today. Was thinking we could use that over here. Hope things get sorted out.
My take is Barr thinks it's stupid that the fed is so out of step with the states on cannabis. Not exactly a revelation but an improvement over Sessions.
He has enough votes in the Senate to be confirmed so it's pretty much a done deal. Hope he's got what it takes to handle the shit storm that's coming.
I'm praying for sanity. :)
Watched Barr's testimony on cannabis.
Believe he actually said the opposite of what's being implied in the news. Specifically with cannabis questions by Sen. Kamala Harris, (Dem. Presidential runner).
He did not respond with a negative stance and actually said to Harris's question regarding federal policy that it should be aligned with the states.
The reason being that fragmented state laws could be adopted in other areas, creating a trend that complicates the legal system.
He said he "would not be going after states" that have legalized cannabis. (remember CT, NY and RI just announced plans to legalize rec.), and we all know that genie isn't going back in the bottle.
My take was it was positive without specifics. There was noting I saw that supported he remotely had a negative or hostile agenda regarding cannabis.
Having NY approving rec makes our move into NY much more valuable IMO.
Love the way it's coming together.
RI, CT and NY have plans to legalize rec.
https://www.marijuanamoment.net/rhode-island-governor-proposes-legalizing-marijuana/
Apologies if this has already been posted.
Some like me expected they would execute quicker. Also didn't expect the focus would flip so soon to revenues.
Eventually CA rec numbers will show up in revs and be cause for more celebration.
A rocket ride or slower than paint drying.... Mind-numbing.
Cheers!
Clink indeed... Cheers to you both!
Go Bruce...!!!
RSI is very strong. If we hold above say $36.50 then the 50 day MA will move above the 200 and that's a solid sign the trend has reversed. (using 6 month chart).
JMO
Ya.. think we just have hold after an amazing run.
Thursday was groundhog day for those of us who hibernate below the 200 and 50 day MAs. We even broke through the previous $36-37 resistance.
Hoping the trend holds.
Financial Times:ACB
Cronos owns 21.5% so they should see some upside.
Fantastic week..
New management should turn things around for Aphria. Thanks for the post & Happy New Year.
My predictive powers aren't good. Have been adding since $25 - $28. Just seemed like a stupid low price based on all the recent sector news and our position within it.
An opinion most of us share. Hope we get a break from our faith being tested.
Good Luck !
Reality returning to our neighborhood.
St. Johns is a sizable commitment.
It's located in an industrial park just on the outskirts of town. I'm thinking they will probably keep the Water Street store centered in downtown.
Definitely going to see some tourist traffic. Beautiful views.
Good points... Happy New year!
Thinking we will see a good 2019 here.
Been picking up more shares on the dips.
Wishing all here the best for our 2019 journey.
Wishing everyone the Happiest of Holidays and a very prosperous 2019. Still holding all my shares and adding as powder allows.
Stay healthy and safe.
Vision and focus... Go Bruce.
Excellent news... Thanks DB!
Hope Canopy can get a license. Thanks.
Thanks AC added a bit today and will be watching. Completely agree we're going to see a major run up probably after the February numbers post.
Interesting that Provence's don't seem to have much of a sense of purpose in crushing their local black markets. Odd that big alcohol, pharma, black market and anti-rec conservatives find themselves on the same side. Probably naive not to expect some fumbling of the ball early in the game. The numbers will confirm when we're beyond that phase then it's game-on.
Thanks.. hoping we bounce off it. Time to raise a little cash and add a few shares. Appreciate the insight. GL
Haha... cool.
Hope your wrong but admire your past calls.
Keep throwing them out there every bit helps.
No stopping this train. Hopefully something we own.