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nctony
2021-04-12

Is a risk buying this share

Cannabis Stocks Slid in premarket trading

(April 12) Cannabis Stocks Slid in premarket trading. Aphria were down 8.29%. Tilray stock was falli

Cannabis Stocks Slid in premarket trading

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Asycroft
·2021-04-12
you can buy the dip. it'll go up eventually
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- Snakekiller:
  Problem is, when? 1 year? 2 years or 5 years?
  2021-04-12
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抱歉，当前请求异常(-1)

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In this case, one potential culprit is Vice President Kamala Harris' comments in an interview with the San Francisco Chronicle published yesterday. The vice president stated that the Biden administration has been too busy with other priorities to address marijuana decriminalization or other major cannabis reforms. This relegation of cannabis-related efforts to the back burner could be increasing investors' doubts that any action will be forthcoming in the near future.</p>\n<p>Days&nbsp;ago, Natalie Fertig with Politico tweeted that the Treasury Department's Alcohol and Tobacco Tax and Trade Bureau has been meeting with various cannabis advocacy groups to discuss cannabis regulations. Investors could be more worried about the possibility that cannabis reform measures won't meet expectations than they are that no reform will happen at all.</p>\n<p><b>So what</b></p>\n<p>What does all of this really mean? Nothing.</p>\n<p>Concerns that the Biden administration won't fulfill its campaign pledge to decriminalize marijuana are premature. After all, President Biden has been in office less than three months. Worries about what final regulations might look like if significant cannabis reform moves forward are also a waste of time. It's better to wait to see what changes are ultimately proposed.</p>\n<p>More than anything, what we're seeing with cannabis stocks today reflects their inherent volatility. These stocks tend to swing either higher or lower on mere speculation.</p>\n<p>You probably noticed that most of the stocks falling the hardest are Canadian cannabis producers -- Aphria, Aurora Cannabis, and Tilray. These companies are especially anxious about the opportunity to enter the lucrative U.S. cannabis market.</p>\n<p>Charlotte's Web, on the other hand, is already a leader in the U.S. hemp CBD market. 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In this case, one potential culprit is Vice President Kamala Harris' comments in an interview with the San Francisco Chronicle published yesterday. The vice president stated that the Biden administration has been too busy with other priorities to address marijuana decriminalization or other major cannabis reforms. This relegation of cannabis-related efforts to the back burner could be increasing investors' doubts that any action will be forthcoming in the near future.\nDays ago, Natalie Fertig with Politico tweeted that the Treasury Department's Alcohol and Tobacco Tax and Trade Bureau has been meeting with various cannabis advocacy groups to discuss cannabis regulations. Investors could be more worried about the possibility that cannabis reform measures won't meet expectations than they are that no reform will happen at all.\nSo what\nWhat does all of this really mean? Nothing.\nConcerns that the Biden administration won't fulfill its campaign pledge to decriminalize marijuana are premature. After all, President Biden has been in office less than three months. Worries about what final regulations might look like if significant cannabis reform moves forward are also a waste of time. It's better to wait to see what changes are ultimately proposed.\nMore than anything, what we're seeing with cannabis stocks today reflects their inherent volatility. These stocks tend to swing either higher or lower on mere speculation.\nYou probably noticed that most of the stocks falling the hardest are Canadian cannabis producers -- Aphria, Aurora Cannabis, and Tilray. These companies are especially anxious about the opportunity to enter the lucrative U.S. cannabis market.\nCharlotte's Web, on the other hand, is already a leader in the U.S. hemp CBD market. 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Cannabis Stocks Slid in premarket trading

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