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I'm going to float a new idea. The Senate is waiting to see if the Biden admin deschedules MJ, that way they don't have to get involved. With it descheduled there would not be a reason the even enact Safe Banking. Biden can then get credit and the Senate doesn't have to get involved.
I don't expect a lot of activity over the next few weeks. If the senate can't get their act together I don't know where we are headed. Maybe a small light will be the earnings report coming up 9 Aug. I don't expect it to move the needle too much though.
Not a problem. Don't plan to mortgage the house.
The Florida Supreme Court on Monday granted the state attorney general’s request for more time to file a brief arguing why voters should not get a chance to decide on a marijuana legalization initiative on the 2024 ballot.
On the same day that Attorney General Ashely Moody (R)—whose office is seeking to invalidate the cannabis measure—filed a motion seeking the one-week extension, the court agreed to the delay.
I don't think it's possible for them to put off the process until after the election. The court will have to either vote up or down on allowing the petition to be put on the ballot.
New from the Free State of Florida (NOT). https://www.marijuanamoment.net/florida-attorney-general-asks-supreme-court-for-more-time-to-reply-in-marijuana-legalization-ballot-case/
I'd say, she had a year to get together her act. Let's move this along. The people have spoken,
TALLAHASSEE, Fla., July 21, 2023 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, announced the grand opening of a new medical dispensary in Sanford, Fla. at 4740 W SR-46. The doors will open on Saturday, July 22 with hours of 9 AM – 8:30 PM Monday through Saturday and 11 AM – 8 PM on Sunday.
I don't entirely discount charts, I just don't think the weight given to them is correct if that is the source people are relying on. TCNNF has shown that news moves the stock. For example : https://www.marijuanamoment.net/senate-committee-chairman-says-marijuana-banking-bill-actually-wont-get-a-vote-this-summer-despite-his-goal-lobbyist-reports/ Today we are down .18 I don't see the opening of a dispensary or two as being the kind of positive news that makes a large move, in fact, it hasn't seemed to have affected the stock at all. While it is part of the story going forward, it in itself has minimal impact. I don't think that every bit of news is going to move the stock, but something as substantial as the above does have a direct correlation regardless of the chart. IMO
I think I nailed it with my last post. There is no amount of charting that will give you a firm opinion as to where this stock is heading. With the news of no Safe on the Senate agenda, we have a negative news story affecting the stock.Here's an easy chart, No News, stock goes down or maintains the current range. News of a positive nature increases the share price exponentially. It's real easy.
It's looking like our do nothing senate is going to run short on time to get Safe Banking on the agenda before the break. Look for the stock to trade in the current range until Safe gets put on the agenda or something else note worthy comes along.
Still locked in that trading range because the Senate can't get their act together.
So this lawsuit could maybe get TCNNF dispensaries in OH. https://www.daytondailynews.com/local/medical-marijuana-company-files-238-million-lawsuit-against-harvest-of-ohio-for-unpaid-loans-interest/LWQKXHK44RHEFNNVWM5J44EMTU/
https://www.marijuanamoment.net/florida-marijuana-ballot-measure-would-net-up-to-431-million-in-annual-tax-revenue-analysts-for-desantis-and-lawmakers-say/
Nobody getting upset here. I'm long and have time to wait things out. I don't have a risk management strategy or I wouldn't be in the stock market. When you play with free money there is no risk.
Anybody following the stock will realize the "News Kids" are correct. That's what it takes to move this and the rest of the MJ stocks up.It can also move them down with negative articles. I think we've got a pretty solid example of that happening so far this month. As I said the other day we will be locked in a narrow range until some news hits with the prospect of passing Safe or similar legislation. Sorry to deflate anybody's balloon.
We need some legislation to move this higher. Until then or if numbers come in that are awesome, we are stuck in a range around here.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States today announced the grand opening of its first medical marijuana dispensary in Columbus, Ohio . Located at 8295 Sancus Blvd, the doors will open at 10 AM on July 12 with ongoing hours of 10 AM 7 PM seven days a week.
https://www.phoenixnewtimes.com/marijuana/photos-trulieve-opens-its-19th-arizona-dispensary-in-apache-junction-16656191
https://www.wjcl.com/article/trulieve-medical-cannabis-dispensary-pooler/44520259
Looks like they've been busy opening dispensaries.
Yes she is a lawyer.
I would imagine the petition to let recreational marijuana on the ballot in 2024 in FL, was gone over pretty intensely before it was even funded by TCNNF. You don't spend 38 million without having had that document reviewed many times to see if it meets the criteria. I would question the court as being politically biased if they don't approve the petition.
Recreational pot sales began in Maryland over the weekend, only eight months after voters in the state approved a ballot measure to legalize cannabis for adults, wrote A.J. Herrington for Forbes. Will Tilburg, the acting director of the Maryland Medical Cannabis Commission, “said that regulated sales of cannabis in Maryland are expected to triple over the next year with the launch of recreational marijuana sales,” added the Forbes story. Hopefully a good thing for TCNNF.
Decent volume and price uptick. News is king.
Stock is up 18% since 6/29. I'd say this is a news move.
Decent move higher amid a large volume increase. News of possible Safe legislation prompting the move higher.
That's why DeSantis wants to keep it off the 2024 ballot in FL.
So, which chart are we attributing the runup in the stock price. I think we see a bigger runup once the Senate Banking Committee votes on the markups and brings it to the floor.
With the volume today maybe we'll hit 4.50.
Legal weed sales are slated to top $35 billion this year — and are expected to surpass $70 billion by 2030, according to New Frontier Data.
Video on Maryland opening.
Well are we off to the races this week or next ? Just wondering when the major move is going to happen. From the looks of things, the senate is moving closer to Safe Banking soon. IMO it will pass.
Let Freedom reign in Florida. https://www.marijuanamoment.net/desantis-signs-bill-prohibiting-medical-marijuana-at-florida-recovery-residences-even-if-recommended-by-doctor/
Yep, Florida where freedom goes to die.
Well, well. I guess someone got a chart notification that the stock was going up today. Or was it this news : https://www.marijuanamoment.net/senators-aim-for-marijuana-banking-vote-this-month-in-committee-with-republican-sponsor-open-to-including-expungements-provisions/
I've lived in FL longer than Desantis has been born, why should I move just because he is a fascist idiot. He is the one that should get the hell out of FL. Worst governor ever.
Nice numbers from FL OMMU for the week. Better than last week. Power on.