Medicine Man Technologies Inc (SHWZ)

[damAcon1]

If cannabis stocks moved down on scandals then there wouldnt be any companies left to invest in. The Marijuana Tomorrow podcast does a segment at the end of each podcast called shady businesses...and they are never at a loss for news. Typically the summer is a slow period...just like the end of the year is tax loss selling. Jim Cramer doesnt know cannabis. He wont even acknowledge the US industry and will only support Canopy because they are backed by Constellation. I would bet the current downward pressure has everything to do with people finally coming to the realization that federal legalization is not around the corner. The market has done nothing but go down since the Schumer cannabis bill announcement. The most recent earnings announcements should have reversed this trend but people also know cannabis political change/talk is off the table until the fall (at the earliest).