TREES Corporation (CANN)

[Buck Russell]

Yes. The last 4 years of a Republican congress saw virtually nothing get done regarding the legalities of MJ, and Mitch McConnell declaring he's the Grim Reaper of any Democrat sponsored bill. McConnell also won't bring Republican sponsored MJ bills to the senate floor because he's an out of touch dinosaur that, along with a few other politicians, should just leave office forever. The markets didn't really care about hemp legalization (where I definitely expected they would, I was surprised at that lack of response), and serious issues regarding MJ have gone untouched. Banking access, federal decriminalization, de-scheduling or rescheduling, there's a long backlog of bills that would solve these federal questions and allow the states firm answers if they choose to legalize themselves. Biden himself is a doofus who has said he's not really in favor of legalization, but, the party itself overwhelmingly wants to solve these lingering issues and so it's very unlikely he'll stand in the way of that.

Fun fact: MJ Legalization votes tend to draw more voter participation than other social issues, including minimum wage and things along those lines.

But like I said the other day, one day of any trading action is a blip on the radar. We need to see if a trend develops.