Legal cannabis and the cannabis industry are being increasingly politicized in the U.S. First it was the Republicans, now it's the Democrats.
Ontario has failed every step of the way in legalizing cannabis in that province. There is no reason to expect any improvement in the near future.
The SAFE banking bill to provide full banking services for the cannabis industry now has strong support in both the House and the Senate -- with votes coming soon in both chambers.
Cannabis shorts have been feasting on marijuana stocks for the past 6 months. But with short positions grossly excessive relative to current valuations, these pigs are about to get slaughtered.
Choom™ (CSE: CHOO;OTCQB: CHOOF), announces that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Brooks, Alberta operating under the Choom brand.
Valuations for all Canadian cannabis companies are currently at very depressed levels. But Canadian cannabis retailers may be the best of the bargains for investors.
The cannabis sector is overdue for a massive rally. Heavyweight, Aurora Cannabis is about to report earnings. Will this be the spark for the Next Rally in cannabis?