I kind of agree that the expectation is now built in that CC will grant 1-2 dispensaries, so if they don't, I agree, we may see a sell off. We would have been better off if we had no idea about the state letter to CC.
Aaaand???? Short-term is not my concern. Traders already know what you've posted. It's the pseudo longs who are really concerned about short-term pps. I suppose those are the folks that will be truly affected by any denial and will sell like you say. Let 'em sell. I bought another lot too high this past time around, so I'll sell with them and buy in lower.
CC doesn't deserve TRTC at this point!! They are a bunch of idiots.
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