Friday, October 18, 2019 11:39:42 AM
The stock will languish if the macro policy arc is fuzzy. It comes down to states driving positive momentum to end prohibition. If you can build a high probability confidence interval of over 70% over the next 2 years that will drive the industry and ithuf WAY HIGHER. If it is still fuzzy in 2 years, prepare the life boats.
In his gut, I guess Trump would end prohibition, but he has an election to win and pot is being conflated with opioids and vaping. He often acts on gut feelings. We'll see.
The independent director slate could be good, if they are truly independent. None have any direct pot experience as gleaned from announcement. Don't know how much they are paying these guys, but hopefully they will earn it.
Also, it won't be a short squeeze that moves this stock in a meaningful way
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