Wednesday, February 05, 2020 12:45:00 PM
https://mjglobalreport.com/county-line-energy-corp-otc-cylc-household-name/
“Cannabis stocks seem to be slowly inching their way out of the bear market they’ve been in,” commented Debra Borchardt, CEO of Green Market Report. She added, “We’re seeing companies make adjustments to cultivation plans, restructuring debt and merge for strength as markets open more slowly than planned. Improvements in valuations are sure to ease the concerns of many investors.”
From an oversupply of marijuana and little progress towards federal level legalization, 2019 was a bust for the arena. 2020 however could be shaping up to become a tremendous year for cannabis stock gains.
The industry is politically driven and this is an election year. It also helps that nearly all of the Democratic runners for president are all pro-marijuana and want the plant legal in the U.S. A pot-friendly president could majorly shake up the industry and in a good way!
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