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MJ Legalization
Democratic Senate Leaders Announce Steps To Federally Legalize Marijuana In 2021
https://www.marijuanamoment.net/democratic-senate-leaders-announce-steps-to-federally-legalize-marijuana-in-2021/
Top Senate Democrats: We’ll Legalize Marijuana
https://www.forbes.com/sites/chrisroberts/2021/02/01/top-senate-democrats-well-legalize-marijuana/?sh=444db8ba215e
Sleek
CBD Legalization
“Hopeful to pass CBD Legalization in early 2021”
HR 8179 is 2020’s version of The CBD Dietary Supplement Legalization Bill
The 2021 version, HR 841, was filed on 2/4/21 and is virtually the same bill as HR 8179, so when Miller is saying that he is “hopeful to pass HR 8179 sometime in early 2021,” this means that he is hopeful to pass the Legalization of CBD Dietary Supplements (HR 841) sometime in “early 2021”
Miller also says he expects legislation to “Legalize CBD as a Food and Beverage Additive” in 2021
Watch him go on record here about CBD Legalization in Supplements, Food and Beverages — timestamped so just hit play:
Banking Legalization For MJ, Hemp & CBD
Cannabis industry may finally move past cash as Democrats look to loosen banking restrictions
https://www.denverpost.com/2021/02/04/marijuana-banking-colorado-congress-cannabis-restrictions/
Marijuana Banking Protections Must Come With Sentencing Reform, Key Senate Chairman Says
https://www.marijuanamoment.net/marijuana-banking-protections-must-come-with-sentencing-reform-key-senate-chairman-says/
Sleek
AMMJ rallied nicely off its bottom this morning and was able to maintain an upward slope in the price this afternoon on the intraday chart, almost closing in the green — buyers stepping up today after the big morning dip is a good sign for next week
CNABQ had a similar day, with the same upward price slope throughout the trading day after the big morning dip, only it closed further away from the green
KGKG traded above yesterday’s close for most of the day and finished in the green — it looks ready for the next leg up
ISOLF quietly put in a nice day and finished in the green
SIPC had an interesting day after a huge gapup and finished +21% on pretty good volume
BLEG hung in there pretty well closing slightly in the red
CANB moved well off its bottom this morning and closed very slightly in the green
Sleek
As for the bigger names trading on the Nasdaq/NYSE, it was a mixed bag this afternoon
Some closed in the red and some in the green
So it was a very different day than yesterday, where all closed heavily in the red
Even though we didn’t get a universal rebound across the board, we also didn’t get a universal clubbing like yesterday
That’s a positive heading into next week
The trading action in the big names on Tuesday will continue telling the story — do they need to spend a little more time consolidating or will they put a definitive end to the downtrend that began yesterday
Stay tuned
Have a great weekend everybody,
Sleek
Really like how KGKG has traded this week
Got discovered by the market and broke out with a gain of +51%
Then pulled back and consolidated those gains, and has traded very strongly since then, moving virtually sideways around the .05 area during the past 2 days, when most other cannabis stocks have pulled back considerably
It’s setting itself up nicely to break out again next week
Sleek
Minnesota Marijuana Legalization Bill Gets First Hearing Next Week
https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-gets-first-hearing-next-week/
Sleek
New Hemp Bills in ID, IN, KY, and SD
https://hempsupporter.com/news/new-hemp-bills-in-id-in-ky-and-sd
Sleek
Hi simplysouthern,
Sure I’m invested in other sectors, but The 2021 Grand Salami isn’t the right forum to discuss anything other than the MJ & Hemp/CBD tickers in this portfolio
Diversification in investing is a wise strategy
That being said, if there ever was a time to invest in cannabis, 2021 appears to be as good a time as any I’ve seen
Legalization of Banking for MJ & Hemp/CBD is only going to happen once
CBD Legalization is only going to happen once
MJ Legalization is only going to happen once
And the idea of being in these stocks before it happens, especially right before it happens, is simply a huge magnet for me
So this is certainly an area of heavy concentration for me in 2021
Sleek
I think Tuesday, the next day the market is open after it closes today, could be another great day for the cannabis sector
And if that happens, and we can get this first sector reset behind us next week, that will set the tone for any future dips we see moving forward before our catalysts come to fruition
Sleek
CNABQ needs a little bit of ask hitting to enter the .04s
Sleek
From watching Chuck and crew over the past few weeks, it seems like the Dems are intent on promoting MJ Legalization to the media
They can’t stop talking about it, because they know it’s a winning issue for them in 2022
That’s really what a lot of this is all about
And none of us are used to hearing from the party in power that they want to legalize MJ
It’s obviously very exciting to hear
And I expect to hear about it all year long simply because it’s to the Dems’ political advantage
Sleek
With the Legalization of MJ & Hemp/CBD Banking + the Legalization of MJ & CBD Products, 2021 has the most potential of any cannabis mania
The biggest catalysts for both MJ & Hemp/CBD are Federal Legalization
Banking is an enormous catalyst in and of itself
So is NY passing MJ Legalization
And CA passing CBD Legalization
Lots of irons in the fire this year
This isn’t a single catalyst mania like 2014 or 2018, and it isn’t dependent on the winner of an election like 2016
I’m in no hurry here
All the catalysts lie in front of us
Sleek
SIPC looks pretty good right now as well, just needs more volume
The news about their new THC Beverage is something that has the potential to put SIPC on the map as both a CBD and THC Beverage play
Covering both very fertile areas
Cannabinoid beverages are simply very sexy
And 2021 could very well wind up being their breakout year
Canopy has recently done a lot of great work around beverages, and that should really help bring more attention to that category this year, as they are dominating the beverage market in Canada
Sleek
AMMJ turning green here, back from -20% down this morning
Lots of love and support building for AMMJ amongst the investor community this week
Sleek
Thanks parindra
For anyone who hasn’t already done so, it only takes literally a few seconds to support CBD Legalization:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161563551
Sleek
AMMJ float is continuing to be systematically accumulated
In terms of true float lockup, I think we will see that up above the $1 level
I do love my AMMJ, no question about it
Sleek
Those are clearly the biggest stars of this week
Both very explosive
Both very small floats given their pricepoints
Both starting to get more discovered by the market with every passing week now
AMMJ & CNABQ are creating the excitement right now
I think KGKG & ISOLF have true star potential as well, and expect each of them to garner more attention from the market moving forward
Once the impeachment trial ends, I wouldn’t be surprised to see The SAFE Banking Act reintroduced into the new Congress
That should be an interesting confirmatory event for the cannabis sector
Sleek
CNABQ off its bottom and bid is buiding here
Sleek
AMMJ gaining momentum here
Sleek
Bids now thickening up across the board
AMMJ breaking .40 could cause it to warm up faster
CNABQ breaking .035
Those were 2 big dippers this AM
The big names on Nasdaq/NYSE continue to look very good, making new highs every hour so far today
Unless anything changes this afternoon, this looks like a 1-day and the following morning bear raid
Sleek
In 2016, the dip buyers were heavily rewarded
So I’m happy I was able to pick up more shares this morning
Generally the Mondays tend to be big days in any cannabis mania
People talk about stocks over the weekend and make a plan to enter the cannabis sector on Monday
On Monday the stock market will be closed, so its essentially a 3-day weekend
Sleek
Big names all trading at daily highs now
If the reversal in the big names continues, it’s looking promising for a reversal in the OTC MJ and Hemp/CBD sector, which generally lags behind the action in the bigger names
Sleek
The big names traded down in premarket and down to start the day, but they are now rising again
It’s only been a few minutes since they hit their bottoms, and since then they have risen sharply from those prices
Right now it’s looking promising, perhaps the new uptrend has begun
We should know more within the next hour or so
Sleek
I haven’t seen any news out today that changes the fundamental assumption that the largest national catalysts in the cannabis sector, passage of The SAFE Banking Act and CBD Legalization, along with the push towards MJ Legalization, will continue moving forward in 2021
So given the runup across the cannabis sector we’ve seen thus far in 2021, I’m viewing today as a technical correction, which we have seen occur in all prior cannabis manias
The big name stocks, and when I say that I mean the ones that trade on the Nasdaq and NYSE, have all exhibited very consistent uptrends in 2021, and on Monday, Tuesday and Wednesday of this week, the cannabis sector transitioned from being in a very warm premania stage, igniting The 2021 Cannabis Mania, marked by a tremendous surge in volume and interest in cannabis stocks
In all cannabis manias we have seen thus far, there are periods of time during which the cannabis sector surges, as well as consolidations and pullbacks
Because we haven’t seen any real pullbacks so far in the sector, and there wasn’t any specific news that came out today that changed the fundamental assumptions about 2021 amongst cannabis investors. today’s trading felt surprising, especially in light of the enormous strength we’ve seen his week — but in the big scheme of things, today’s trading action is actually a normal occurrence during a cannabis mania
They weren’t able to do so today, so I’ll continue to monitor those big names to see if they can put in bottoms tomorrow — if so, then I think we could see a resumption of the mania as early as tomorrow or early next week
Sleek
CNABQ bid thickening up here
Sleek
Colorado Sold More Than $2 Billion In Legal Marijuana Last Year
This is particularly pertinent to AMMJ, because Colorado is the state they have chosen as their headquarters, where the cultivation and processing facilities are located, and where the chain of 3 dispensaries they will be acquiring is located as well
It’s a real hotbed for MJ
https://www.marijuanamoment.net/colorado-sold-more-than-2-billion-in-legal-marijuana-last-year/
Sleek
Yesterday’s biggest gainers were CNABQ +180% and CANB +86%
So with today’s red day across the sector, it makes sense that they were probably going to dip the most, too
Taking away today’s brief trade at .10 after the opening gapup, I really view the high attained during CNABQ’s runup so far as .07, where it closed yesterday +180%
So any significant consolidation of that move, especially on a day like today, is to be expected
CANB just broke out yesterday for the first time, so it doesn’t have much of a runup history so far, but the pullback today on lower volume is what you’d like to see after yesterday’s +86%
Sleek
KGKG and ISOLF also hanging in there pretty well today
Sleek
AMMJ bouncing nicely off its bottom
At 3:00PM yesterday it was trying to break through .45, so it’s actually doing pretty well in the big scheme of things
Sleek
The big names in the sector, after selling off this morning, have been moving horizontally along their bottoms for the past hour
Let’s see whether they can start moving upwards this afternoon
Sleek
ISOLF +17% bucking the trend as well thus far
Sleek
KGKG and AMMJ hanging in there pretty well right now
BLEG is bucking the trend at +26%
Sleek
Looks like a rest day for the sector so far this morning
Most of the big names are down
Even in manias, there are red days for the sector — 2016 was the same way
We’ve had a really hot Mon, Tues, Wed as well, so taking a rest now isn’t an unusual occurrence
It’s also only 1 hour into the trading day, so let’s see how the remainder of the day plays out
The one group of people who are happy about today’s sector action are those who have watched from the sidelines and missed out on the action so far, waiting for some type of pullback to enter in order to “buy the dip”
Sleek
AMMJ +20% and moving very well this AM
Sleek
Strong gapup in AMMJ
Sleek
Strong gapup in CNABQ
Sleek
Good morning everybody
Sleek
On Float Size and Effective Float
Float turnover is a really key metric
The more times the float can turn over, the higher a stock can go
Which is also why volume is such an important metric as well
And we are now starting to see increasing volume and float turnover in AMMJ
If it’s a stock that makes you feel secure, where you can sleep deeply at night without any worries, then that provides a much greater probability that you are going to hold the stock for a long time
That’s part of what creates strong shareholder loyalty, which AMMJ is now instilling in its shareholder base with its recent progression as a company, from largely being a consulting company to becoming a vertically integrated plant-touching grower, processor and seller of MJ, owner of multiple dispensaries, cultivation sites and extraction labs, with the business plan of starting in Colorado, which is a great state to make your headquarters, and taking this new MJ business plan national to become an MSO (Multi-State Operator)
Strong shareholder loyalty creates a reduction in the size of the effective float
The float isn’t actually what trades, because those shares that are being held tightly are not up for sale
So the number of shares subject to being traded comprise the effective float
The greater the shareholder loyalty, the smaller the size of the effective float, and the earlier a float can lock up
Once a float truly locks up, that sets the stage for parabolic movement
If revenues are going to be increasing sharply in 2021 as a result of both upcoming acquisitions, with the MJ sector continuing to have all of its catalysts in front of us, with the discovery process by the investment community just getting started last week, then why would anyone sell now?
That just doesn’t make very much sense
The really big money hasn’t even begun to arrive yet
I think we will see start seeing those deeper pockets enter when the 1st acquisition of 3 dispensaries, a cultivation site and an extraction lab is completed, which is a Q1 event according to AMMJ
AMMJ has been moving very nicely, but I think we are only just getting started here
Stocks that wind up going on to gain 2000% or more often begin their big moves in a fashion similar to what we’ve seen so far in AMMJ
Sleek
AMMJ Chart
You can see both the control (constant accumulation) and power of AMMJ’s recent run that began in mid-January here:
https://schrts.co/wVvIhEea
The rests are becoming shorter now as the size of the effective float shrinks every day
It can’t be held back any longer
$.50 was the breaking point
Today the levee broke
Here is the mirror run of 2016, which we are currently on track to surpass:
https://schrts.co/bshjnZbk
AMMJ’s IPA score is about to deliver a massive run towards $1 and beyond in 2021:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161597466
Sleek