Exactly what the market will need in the short term in order for the MJ Mania to resume is not entirely known
The uncertainty of no Cole Memo coupled with the uncertainty of the renewal of Rohrabacher-Blumenauer is what caused investor fear to rise, interrupting the MJ Mania
If that is the case, then if Rohrabacher-Blumenauer gets attached to the budget, the fear may very well reside enough for the MJ Mania to reignite
Mcclintock-Polis was the cherry on top of the sundae
Rohrabacher-Blumenauer is the ice cream
We want the whole sundae with the works but ice cream itself may be enough to satisfy for now
In the end, as it always does, it will come down to how the media communicates everything to the masses
And that includes not just their spin on Rohrabacher-Blumenauer, but also what they have to say about the likelihood of the federal government continuing to stay away from the states, other MJ bills that are picking up cosponsors at a rapid clip, etc
I am disappointed for sure, but not at all deflated -- I remain optimistic about the near-term reignition of THE 2018 MJ MANIA -- with history as our guide, we know that the previous mania -- THE 2016 MJ MANIA -- was 2 months old before it was interrupted on 11/8/16 by Trump's Election and the possibility of Sessions/Christie in the cabinet, but we also know that it was reignited shortly thereafter and lasted for an additional 2 months before the Sessions/Spicer comments on 2/21/17 -- and this was in an environment with NO FUTURE CATALYSTS
As I have outlined in THE 2018 MJ MANIA THESIS, we have a slew of very significant catalysts all year long, so if the 2016 MJ MANIA was able to reignite, then certainly THE 2018 MJ MANIA can too
And we still need to hear from Polis, the story regarding what happened tonight is far from over yet
Sleek
