Policy

November 12, 2021

Marijuana Stocks Go Higher 🚬

You know it’s time for change when bipartisan governors in the U.S. can come to an agreement. 🤣 

A bipartisan group of two dozen governors are pressing Congress to pass a comprehensive marijuana banking reform as part of broader defense legislation.  According to a letter issued to top leaders in the House and Senate on Tuesday, the Secure and Fair Enforcement (SAFE) Banking Act should be included to the must-pass National Defense Authorization Act.

Piloted by Colorado’s governor Jared Polis, the letter mentioned that the SAFE Banking Act “will allow cannabis businesses to access normal banking services, which will transition fully cash-based cannabis transactions into the financial system where they belong.”

With more bipartisan support than ever before, could this act have what it takes to get passed in the senate?? Place your bets. There’s one thing we do know for sure, though — pot stocks are loving the news. ❤️ 🚬

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Fed Cuts Down Bears’ Remaining Hope

December 13, 2023

Aurora Cannabis ascended 12.3% today with a weekly gain of 27.6%. Can someone say high flying? 😅 Here’s $ACB‘s daily chart:

Canopy Growth Corp launched 13% to close the week at highs. $CGC is still down 38% YTD, but is trying to get back on the horse.

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