Canopy Growth Corp (WEED)

[Bearly4theworm]

Bit oversold at the moment.
This tree is going to be shook a few times on the way up. Entities wanting to take a position will try to deflate it a bit to get in.

I see this happening today.
Several media outlets are saying the cannabis sector is "like gamestop"
While some small players like Tilray are well above reasonable levels. This sentiment is having a negative effect of the industry today.

When schumer comes out with his legislative proposal. this will all be forgotten and we'll pop again. "Early part of this year" ie Q1.

NJ has until 2/18. to settle their issues. and 2/23 if extended again as a final deadline. They are really just splitting hairs on the two bills there.

Cuomo in NY is working on his budget and plan. And we are almost half way through Q1, 2021.

Arizona is doing its thing.