In My Honest Opinion - CASH IS KING - ONCE AGAIN.
TRTC's in the .60's because the plant was anticipated to have been legal in 2018 or 2019. The entire industry is down and several well known MJ companies in the US and Canada are reporting less than favorable quarters while still awash in debt. TRTC's issues are not the exception as our fleas seem to believe but the rule.
Add to that a 'stable genius' who thinks tariffs are paid by the exporters instead of the customers of the importers , unpaid for tax cuts, dwindling tax revenues, soaring deficits, stagnant wages, an under educated electorate and we have a perfect storm that according to the inverted yield with our bonds should help the voters who brought this about to lose what little they have amassed after the 2008 financial disaster.
2008 was a great time to make some money if you had some money. Paying pennies on the dollar for new houses, buying stock at record lows in 2009 - heck of a great time to be liquid and it's coming again to a theater near you.
If one looks at the effects of inept leadership at the FDA on the PPS of CBD stocks and transfers that result to MJ legalization then even TRTC at .60's is not a buy. Like I said CASH IS KING. There is not one stock worth buying right now and even if the plant was legal tomorrow the current state of the government would mean the effect of legalization would be an unpredictable mess because we no longer have a firm line marking the bounds between federal and state responsibilities. As is easily seen in the CBD market and the on going fiasco that is not even close to being solved.
Even if the courts can stop the improper use of tariffs and the orange stain is removed, the cabinet positions will still be filled with ineffectual idiots and the legalization of MJ will not be a smooth process but a herky jerky process covering months or possibly years and most likely guided by corporate interests.
