TREES Corporation (CANN)

[Buck Russell]

We touched 4.51 immediately. Even if we close below that (which it's WAAAAAY too early to tell), it'll be good for us. In a bull market CANN tends to hit a high, then dip down, then come back through the rest of the day. Given yesterday's trading, I wouldn't expect a new high, but you never know. I feel as if we're seeing the MJ market bulls returning, though they're playing it safe right now, which is fine.

We're in new territory here since we're getting a lot of excitement from the Hemp world and the overall change in the government stance on Hemp, CBD and related products. But my gut tells me we'll be anywhere from, say 3.80 to 4.80 for a bit until we have a better picture of what's going on with the Farm Bill. It's widely accepted that the Hemp legalization will be a part of the bill when it's voted on, but the hangup is SNAP benefits, and a lot of reps have drawn a line in the sand on that.

But, who knows. It could be that the recent activity we've been seeing isn't dependent on the farm bill at all, and has more to do with the DEA being expected to reschedule CBD, coke expressing interest, and the looming Canadian legalization.