We are currently in the summer doldrums, an annual occurrence in the cannabis sector
This is typically associated with lower trading volumes and generally discounted prices across the sector in all cannabis stocks
Regardless of any recent price action in VATE & SIPC, I continue to be very confident in each of their business plans and ability to execute, so nothing has changed with respect to the companies themselves
Similarly, I am very confident that hemp legalization will be signed into law by Trump sometime this summer and as a result, we will see THE 2018 HEMP MANIA that I have been patiently waiting for since 12/18/17
Summertime has traditionally been the best time to buy cannabis stocks, and with Hemp Legalization expected to occur this summer, I will continue to be a buyer of VATE & SIPC on any weakness
Buying both of these stocks on dips has already been heavily rewarded in 2018 (like we saw in March), and obviously with Mitch steering the Hemp Legalization ship, the upside from these levels is tremendous
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