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Wednesday, 03/17/2021 6:42:23 PM

Wednesday, March 17, 2021 6:42:23 PM

Post# of 30141
We are off to a pretty promising start to 2021

Just 2.5 months in, and we’ve already seen the reintroduction of CBD Legalization on 2/4/21:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162052688

And now today, it’s been announced that The SAFE Banking Act will be reintroduced tomorrow 3/18/21

2021 is a different ballgame than 2016, but there are some striking similarities between what we saw happen in the cannabis sector in early 2016 and what we’ve seen thus far in 2021 — in addition, the temporal setup in 2021 for a future mania mirrors the setup in 2016

In 2016, we saw a large 420 rally in the cannabis sector in the March/April timeframe, followed by a selloff

Several months later in 2016, we experienced the last multi-month cannabis mania in America with the elections serving as the catalyst

In 2021, we’ve seen a large rally in the cannabis sector in Jan/Feb (with several days of mania) triggered by mere talk of MJ Legalization, followed by a selloff

The catalysts for the first multi-month cannabis mania in America since 2016 are definitely out there for us right now

The SAFE Banking of 2021 (MJ/Hemp/CBD) and CBD Legalization (Hemp/CBD)

So let’s see what Chuck and Mitch can do — the recent news about allowing earmarks for the upcoming infrastructure bill was a nice start, because it increases the probability of bipartisan agreement and passage

So let’s see what this Democratic-majority Congress can do for cannabis

Will they get the job done?

Stay tuned


Sleek

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