Replies to post #21396 on SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND

[sleekscape]

Canada had a huge mania in late 2017 triggered by Constellation Brands taking a 10% stake ($200M) in Canopy and the assumption of Rec MJ Legalization occurring in 2018

And then the Canadian sector had another huge runup over the past 6 weeks with Tilray going crazy and Constellation increasing their stake in Canopy to $4B — in conjunction with the anticipation of 10/17/18

Click on “Canadian Index” and look at the 1 year chart:

http://marijuanaindex.com

The market has known for awhile that Canada would launch Rec MJ on 10/17/18

The media attention has been huge for a long time now, leading to massive investor awareness

So the selloff in Canada after Rec MJ launched was not surprising at all

It was a textbook example of what being “priced in” is all about, leading to a classic “sell the news”

We have the exact opposite situation with Hemp Legalization in the United States, which I have already written extensively about in previous posts

Which is setting us up for a Hemp Mania that will occur after Hemp Legalization


Sleek