The only thing Sessions said was that he would enforce the law already in the books (and passed by Congress); something that is expected and required from anyone in that position and the DOJ in general. The news/memo release was designed to get Congress off their butts and fix what's broken. The resulting up-roar is what's necessary to get representative movement because states don't want the heavy hand of Feds involved, so it's in their best interest to "quickly" (we are talking bureaucracy here) correct the rescheduling categories. It takes Congress to create/amend/remove the law and I think we are already at the point where support is there, just need it to appear on the floor and a vote...soon.
The market just got freaked out because they didn't realize the play called by DOJ still leads to the same endzone for a score. The saying is, "There is no faster way to fix a law than to enforce it". So rather than a slower ramp up starting last Jan this instead makes for a steeper rise as the market catches up and catches on to what's happening later on (hopefully now). The Sessions confusion just bought investors 9 months to jump in at lower prices before it gets to the same price point long term. That long point should be when reschedule is done,however many states go legal, and MDTR orders/contracts/sales skyrocket. Then it's just skies the limit on what the company can/can't handle.
Hopefully that's what and why we're seeing the latest moves.
Can you imagine the movement if the news announces Congress voted and rescheduled to put MMJ/MJ in the same category as tobacco and alcohol? Wooooo! Ain't seen nothing yet to match the market move on that one... That'll be a GREEN day! LOL!
All IMO.
