Monday, November 30, 2020 8:38:06 AM
House To Vote On Kamala Harris Bill Which Would Legalize Marijuana Next Week (https://dailycaller.com/2020/11/27/house-vote-kamala-harris-bill-legalize-marijuana-more-act/)
Pot Stocks Gain With U.S. House to Vote on Decriminalization (https://www.bloomberg.com/news/articles/2020-11-27/pot-stocks-gain-with-u-s-house-to-vote-on-decriminalization)
Cowen now projects the legal marijuana market will grow to $34 billion by 2025, up from an earlier forecast of $31 billion. Morningstar estimates that annual U.S. cannabis sales will reach $70 billion for the adult-use segment and $15 billion for medical.
Israel lays out plan to legalize recreational cannabis, looking to Canada as a blueprint
Mexico Will Legalize The World’s Largest Legal Cannabis Market
Sadly, these headlines won't make a difference in the price of Lifeloc.
Under normal circumstances, the addition of Mexico and Israel recreational use should have given us a nice move higher along with the other catalysts this week.
We would be lucky just to trade above $2.50 this week. Something really needs to change.
Recent LCTC News
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