Cannabis stocks could become hot again on Wall Street Bets after Marijuana Moment reported Friday a new Republican-led congressional marijuana legalization bill is “imminent.”
If new legalization is filed in the near term, WSB will be all over pot stocks.
The reality is the Canadian LP basket is the only one that is up for the year with a gain of 2.5%, while MSOs, the darlings of the market, are the worst-performing group, down 25% YTD.
Last Week’s “Legalization” Rally in Perspective
Republican-Led Attempt To Legalize Cannabis Could Reignite Pot Stocks
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
Episode 813 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.