POT ALERT: Battleground D.C.
That’s not necessarily a bad thing.
While we’ve seen a few big declines across indexes, they’ve almost all been immediately offset by big rallies the next day.
The five-day chart for the North American pot index highlights this perfectly.
There’s volatility, but it’s not favoring one direction over another.
That flux is being mirrored in Washington, where the National Governors Association descended this week to meet with each other and the federal government. In total, 42 governors made the trip to D.C. for the conference.
For many of them, getting clarification on Jeff Sessions’ new pot policy was a top priority.
Sessions tried his best to avoid the governors from cannabis-friendly states.
Colorado’s Gov. John Hickenlooper tried asking Sessions about his anti-weed stance at the attorney general’s sole Q&A appearance to the group, but he couldn’t get called on.
“He only took about six questions. There were probably 40 governors in the room,” Hickenlooper told Rolling Stone.
But U.S. governors have made it clear that they’re pushing forward with pot, federal policies be damned.
“We’re proceeding apace, again, beginning to make sure we get the medical piece right, because it’s life or death,” newly installed New Jersey Gov. Phil Murphy told the magazine.
“And then we will deliberately and steadily get to the recreational side.”
The push toward legalized cannabis is progressing all over the world. Without a doubt, it’s going to drive windfall gains to investors who can see the trend emerging.
As I’ve said before, we’re still in the early innings.
Not a week goes by that we don’t see some major political or business progress for legal cannabis companies.
I’ll continue to make sure you’re well-positioned to take advantage of this trend.
Still, it pays to be tactical.
Lot’s of things to look forward to in the pot markets over the coming months.
As new opportunities arise I’ll make sure you have the needed info to profit best.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily
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