Feed Komunita
RR
Rickie Reeve
@rickiereeve · 5. 9.

Last week, some of you may also have missed the news from the marijuana industry.

https://static01.nyt.com/images/2021/06/12/multimedia/31sp-smallbiz-cannabis2-print/merlin_188310441_768cbe0b-f00f-41e9-9e9a-c809a7dbeb72-articleLarge.jpg?quality=75&auto=webp&disable=upscale

Marijuana stocks saw a noticeable uptick on Thursday following a recommendation by the U.S. Department of Health and Human Services (HHS) to reclassify marijuana as a lower-risk drug.

The HHS recommendation, which is part of President Biden's marijuana reform plan, calls for the Drug Enforcement Administration (DEA) to reclassify marijuana from a Schedule I to a Schedule III drug. Schedule I drugs are considered to have the highest potential for abuse and have no approved medical purpose, while Schedule III drugs have a moderate to low potential for abuse and have an approved medical purpose.

However, the DEA has not yet said whether it will accept the recommendation.

Some of Thursday's winners included Canopy Growth $CGC, Tilray Brands $TLRY and Cronos Group $CRON.

Osobní pohled člena komunity, ne investiční doporučení. Pravidla komunity

MD
Monday Dayton @mondaydayton 9. 9.

Nice report, I've also seen some action but I'm also holding back. Like, if the legalization thing went through it would be a big deal, but as you write, there's probably a lot that would still have to be accepted around it...the drug just is, but so are other drugs and things in this world. 😊

RR
Rickie Reeve @rickiereeve 10. 9.

It needs to be handled sensibly, not just banned and walked away from. We all know that the war on drugs has the opposite effect.

BC
Bill Combs @billcombs 7. 9.

It's an interesting sector, but I wouldn't invest in it at the moment. But in a few years to a few decades this sector could be interesting.

RR
Rickie Reeve @rickiereeve 7. 9.

I see it the same way.

DD
Daniela Duong @danieladuong 7. 9.

Too risky a sector to buy stocks for me due to legislation :)

RR
Rickie Reeve @rickiereeve 7. 9.

For now, yes, but once the sector stabilizes, we will see how attractive it will be.

RB
Ralphie Barlow @ralphiebarlow 5. 9.

The sector has high potential in the long term, unfortunately for investors the laws in many countries are set as they are. I've been watching TLRY for a while, sales are slowly increasing, loss is gradually decreasing, but on the chart we see -95% for the last 5 years.

RR
Rickie Reeve @rickiereeve 5. 9.

The uncertainty is huge, but I imagine that in the future, when it's a stable market, I'll be happy to invest in it. Holt it won't be as high profits as it is for the one who times it right.

AA
Ashraf Aboudar @ashraf_dd 5. 9.

All those marked companies are rising from the bottom. That's very deep and almost all at all-time lows. The growth here is remarkable thanks to the % ratio, but is anyone investing? Just asking, the information is great and I've been looking at $TLRY in covid. I was thinking about some kind of trader but ended up not going for it.

RR
Rickie Reeve @rickiereeve 5. 9.

I, although I find the industry interesting, am staying away from it. As you rightly say, they are rising from their lows, the whole sector is still a big uncertainty, hard to pick winners (more like survivors for now). If I had to pick, I might very marginally pick Altria, but I don't really like that one either, so nothing yet unfortunately. Maybe someday...

Používáme nezbytné cookies pro fungování webu a volitelné analytické cookies pro měření návštěvnosti. Více v Zásadách ochrany osobních údajů.