Cannabis Investment Club

[CornellEngineer]

#1 ETFs track action, they don't cause it...so no
#2 Aphria likely headed lower not higher...so no
#3 Cronos deal met with tepid response reflecting a negative post-legal sentiment...so no
#4 Broader markets very weak and will likely continue downtrend with political turmoil in DC among many other national/global problems...so yes

I'll say MJ & HMMJ wind up ~5% lower by end of week. Maybe near bottom but not there yet and may be a while. Disappointing recent earnings and looming fraud scandals continue to weigh down any rebound.

If forced to pick a potential catalyst to make above assessment null & void here ya go, matey...

https://www.cnbc.com/2018/12/07/final-farm-bill-with-hemp-legalization-could-be-voted-on-next-week.html

This I could see causing some investor interest resulting in a bit of a jumpstart...especially in CBD with some carry-over to THC.