InvestorsHub Logo
Followers 856
Posts 28265
Boards Moderated 1
Alias Born 03/16/2014

Re: jaybe420 post# 22447

Monday, 12/02/2019 5:15:24 PM

Monday, December 02, 2019 5:15:24 PM

Post# of 30492
You can make the same statement for every other stock in the CBD sector in 2019

That doesn’t just go for the OTC stocks, but for the Nasdaq ones as well

That’s why sectors matter so much, particularly in the cannabis domain

And positive and negative catalysts largely dictate the direction the cannabis sector moves, also moreso than in any other sector I’ve ever seen

That’s due to the quasi-legality and uncertain future of cannabis in America, which creates huge price movements due to important catalysts — not too dissimilar to Bitcoin, which also vacillates up and down over time

The difference with CBD is that it is the closest of all the quasi-legal industries in America to federal legalization and national sales — MJ/THC, Crypto, Hemp/CBD

That’s why cannabis sector investors focus so much on catalysts

If the FDA had regulations for the CBD industry right now like the USDA does for the hemp industry, every single stock in this CBD sector would be flying right now


Sleek
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CANB News