US cannabis stocks have been absolutely pummeled over the past year, during a period in which they have experienced extremely strong growth, dramatically improving fundamentals, and increasing statewide adoption.
So why the disconnect between fundamentals and stock prices?
Chuck Schumer and Cory Booker.
These two are the greatest impediments to federal reform of our puritanical cannabis laws. They want a PERFECT reform bill that EVERYONE knows will never happen. So, in the meantime, they block widely popular bills with broad bi-partisan support (SAFE act, MOVE act).
So the US cannabis companies must trade on the pink sheets, with extremely low volume and easy manipulation. When the laws loosen up and these stock can trade on NASDAQ, look out.
NEVER EVER take investment advice from an anonymous message board moron, but the risk/reward profile for these stocks is extremely attractive. I own a shit ton. Have recently added to some positions.
It is inevitable that the laws will change and cannabis will be legal everywhere. Already in several state, cannabis tax revenue exceeds alcohol revenue.