At 8 pm EST, the House announced that it passed the bill that would allow the cannabis industry to get banking accounts and start being treated like standard businesses with banks. This would likely include loans and investment opportunities that crippled this industry. Next is the Senate, which are pro-business so this will be interesting to watch. I foresee this...
MbII is trading in a bullish broadening wedge pattern, price action and volume within the flag seems bullish Quick day trade or swing trade possible here
I was snooping around the internet and it seems that WSB is trying to force a short squeeze on TLRY, Robinhood currently is not letting users view TLRY options. No official statement has been put out by Robinhood Disclosure: I own stock and calls
Possible formation of an uptrend channel as the price moves to test the ipo price with surging volume, and possibly move higher as weed legislation becomes imminent.
TLRY has closed above the 50smma with surging volume this could mean the start of a new uptrend as marijuana legislation becomes imminent.
Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are: APHA Aphria Inc 8.95% 603437 TLRY Tilray...
MedMen Enterprises, a recognized brand across the US for medical / recreation use of marijuana. They already have a solid foothold & "in" on the industry & are setup to ride the next wave of the cannabis boom. They are also backed by a group of experience board of directors with previous knowledge in well know public companies. The CEO is determined on an eventual...
The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout. Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price...