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Sunday, September 25, 2022 2:31:28 PM
I understand your concerns. And as always with the market, there is no way to know what will happen based on any one driver, but to my point, this comment "Pot is legal in a lot of states right now, and the companies selling are not growing revs very well." is the very reason I believe a massive amount of trading capital will flood the OTC when the CSA is overturned. The cartels and dark web will always be a factor, but in terms of investment $$, there is still a huge pool still waiting to jump into the market once the federal conundrum is overcome with the anticipation of all the business that will now be generated once all these entities that have remained on the sidelines get the green light.
The very reason that sales are struggling is because there is still no federal protections for businesses in this space. Keep in mind the concept of irrational exuberance that often follows major political movements such as this action would qualify as. It will be a green light for many moving parts that have to date been largely inactive (as a result of having no federal safety measures), and I believe will signal a massive move of $$ coming into the sector, and therefore into the OTC (with now many fewer tickers available at the general price tag in the space). Keep in mind the OTC notion of a rising tide raising all vessels. This has been a political movement in the making since '96 when the first state (Cali) legalized cannabis for medical purposes.
Time will tell, but this is a prediction I have been focused on for a decade or more. Glad you are holding for now. Good move IMO.
Regards,
Neo
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