Cannabis Stocks Down, Positive Indicator for Trump

Yahoo Finance ^ | 11-3-20

[grayhog]

Cannabis stocks are a good indicator for what the stock market is thinking about the election. After the VP debate when Harris pitched decriminalizing cannabis at the federal level, these stocks soared. Today they are largely down despite a big up day for the market. I'm watching CGC, TLRY, ACB, TCNNF as a representative basket.

[wiseprince]

What makes you think people buying weed stocks know anymore than you do

[SGCOS]

..What makes you think people buying weed stocks know anymore than you do

Because smoking and voting are...wait..what? oh hey, dude, you gonna eat those chips?

[BigEdLB]

I am pro medical pot. I use a topical cream for arthritis issues. My regular doc say if it helps go for it. I have plenty of GOP friends who also go with this... just saying

[V_TWIN]

I’ve heard of reading tea leaves but never pot leaves. Lol

[grayhog]

Watching the stock market for indications is based on the idea of the wisdom of the crowd. Tens of thousands of people, as well as computer algorithms are making individual decisions based on interpreting thousands of data points that any one person would not be able to find. Will be interesting to see if ‘the market’ is sniffing this out correctly. If Biden is winning, those stocks should reverse sharply positively because of how favorable his administration would be the pot industry.

[Jayster]

Pro 420 here

[NonValueAdded]

People just hedging

[Karma_Sherab]

I am pro medical pot. I use a topical cream for arthritis issues. My regular doc say if it helps go for it. I have plenty of GOP friends who also go with this

I'm with you. We started with Charlotte's Web for my son's epilepsy, and now use epidialect (spelling?)
And I am using for pain management. Sure beats the risk of opioid addiction

[Karma_Sherab]

Oh, and have NEVER voted democrat in my life...

will only happen after I die

[BigEdLB]

I’m in Cali and have a good store right next door to a Italian restaurant with super Mushroom ravioli

[RedStateRocker]

I see nothing in the Constitution about what I can, or cannot, put in my body. Of course we’re responsible for anything we *do* drunk or stoned, but if there is any single issue that has ‘State’s Rights’ written all over it, it’s cannabis.

[Seruzawa]

Nothing says "conservatism" like Legal Cannabis:

[Karma_Sherab]

I’m in Cali and have a good store right next door to a Italian restaurant with super Mushroom ravioli

I remember around the time Colorado legalized MJ and John Elway became a part owner in Papa John's Pizza

He knew a potential goldmine

[pepsi_junkie]

New Jersey has medical marijuana approved but they make it impossible to actually get, just like they do with guns. My dad was dying of cancer and wasting away and he wanted marijuana to try to get some appetite, no go.

Today I voted for decriminalizing it, screw these control freaks that would deny the sick and dying something that might help. I voted to defang them, basically.

[shotgun]

I’m planning on stopping at the local store tonight for an edible so I can kick back and watch the happenings.

[TexasGator]

“I use a topical cream for arthritis issues. My regular doc say if it helps go for it.”

Arthritis is in the joints. Smoking might ease the pain but a topical ain’t doing squat.

[TexasGator]

“After the VP debate when Harris pitched decriminalizing cannabis at the federal level, these stocks soared.”

LOL! ACB trending down all year. No spike in October.

[nickcarraway]

I thought that was only an issue when sessions Attorney General?

[Jyotishi]

It looks like joints are being bogarted.