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Tuesday, 10/30/2018 6:21:41 PM

Tuesday, October 30, 2018 6:21:41 PM

Post# of 4798
The stock market finally had a good day. Perhaps the broad market sell-off is finally wrapping up? The bottom for the cannabis sector must be real close now, if it's not already here.

Meanwhile, according to Bloomberg, the legalization front is looking good regardless of the election outcome:

"Dana Rohrabacher, a conservative Republican from California who has said he uses medical marijuana to treat arthritis pain, told Fox Business recently that President Donald Trump was committed to legalizing medical marijuana after the midterm election, while leaving the question of recreational pot to the states. Attorney General Jeff Sessions has been a outspoken opponent of legalization, though reports suggest he may depart after the elections."
https://www.bloomberg.com/news/articles/2018-10-30/the-politics-of-pot-how-the-elections-will-play-into-weed-laws

"If the Democrats take the House and Sessions departs, U.S.-focused pot stocks are likely to see a short-term surge, analysts say. Clarity on banking rules could help close the valuation gap between the U.S. stocks and their Canadian counterparts."
https://www.bloomberg.com/news/articles/2018-10-30/the-politics-of-pot-how-the-elections-will-play-into-weed-laws
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