HUGE Catalyst Ahead for Cannabis Stocks (Understand This) ? $CURLF $GTBIF $TLRY
Today we dive into that one HUGE catalyst that can propel all cannabis stocks to new highs: US LEGALIZATION (at federal level). Companies like Curaleaf, Cresco Labs, Green Thumb Industries, Trulieve, Verano, Tilray, Canopy Growth, and more will likely see their share prices get a nice boost from any legalization news.
The reason I made this video was to help give you a better understanding to what it will really take for the US Senate to pass cannabis reform. It won’t be easy. The path will be bumpy. If you are invested in the cannabis sector, you must understand what is happening so your expectations can align with reality. My current mindset is super conservative and I’m thinking legalization will happen sometime this decade, but I’m not quite getting my hopes up for legalization in 2021. If it happens great, but if it doesn’t, I’ll keep building my positions as I observe what is going on. Also keep in mind that the industry will continue to change and evolve. Understand the risks of investing in a space where there is uncertainty. I truly think we are onto something great, but always expect the worst just in case.
As more states, including Virginia and New York, continue to legalize marijuana, an overwhelming share of U.S. adults (91%) say either that marijuana should be legal for medical and recreational use (60%) or that it should be legal for medical use only (31%). Fewer than one-in-ten (8%) say marijuana should not be legal for use by adults.
The data above comes from Pew research: https://www.pewresearch.org/fact-tank/2021/04/16/americans-overwhelmingly-say-marijuana-should-be-legal-for-recreational-or-medical-use/
#Curaleaf #MSOS #crescolabs
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