Posted on 11/03/2020 10:20:26 AM PST by grayhog
Cannabis stocks are a good indicator for what the stock market is thinking about the election. After the VP debate when Harris pitched decriminalizing cannabis at the federal level, these stocks soared. Today they are largely down despite a big up day for the market. I'm watching CGC, TLRY, ACB, TCNNF as a representative basket.
(Excerpt) Read more at finance.yahoo.com ...
your store? how did you and the stores around you make out with this stupid house arrest (lock-down) designed to hurt small businesses? (BTW- i have "Posts by BigEdLB" forum responses as my bookmark to FR for the time being. (I think your analysis were spot on)
Thanks
VP Debate was night of Oct 7th, ACB closed at $4.61 that day. On October 8th, ACB closed at $5.10, up 10.6% that day in reaction to Harris’ comments. The vast majority of cannabis stocks did similarly. ACB is among the weaker of them, and hasn’t trended well since, but the catalyst was very clear. The others are generally near new highs still. CGC, for example, was up 13.5% on October 8th and has continued to move higher.
Barely a blip after losing 50% in the previous month.
“and hasn’t trended well since, “
Best trend all year!
Excerpt alert!
“The others are generally near new highs still. CGC, for example, was up 13.5% on October 8th and has continued to move higher.”
About where it was in August and a long way from its all-time high.
MJ issues on ballots increase Dem -doper vote participation.
Note the direction this has taken the US—and US workforce.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.