CANNABIS: What Do You Need To Know About Cannabis Legalization?
After so many times the House passes landmark marijuana legalization bill"
That is wonderful news when it comes to the cannabis industry.
Considering the fact that with the actual situation they are covering only 3% of the market.
With the complete process of legalization, It is already calculated that they will have
an increase in the actual demand by 6 times higher.
Big war between the companies is done for California, one of the biggest consumers of Cannabis in different ways.
On the other hand, the actual California market is very active when it comes to Cannabis as all the demand is covered on
the black market. So in reality the companies will sell it in the light of the sun for personal and medical use as well.
“This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks.
What should we be careful about when marketing cannabis companies?
Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote.
Technical Analysis:
Considering all the positive development and the technical perspective that is already supporting the bullish movement
we can see CANNABIS moving higher over the next weeks.
However, we need to be very careful in this trading as it looks more like gambling right now as the market is waiting for Senate approval.
🟠This is for all the followers who are asking me how to trade cannabis now?
You should be careful as CANNABIS should be approved in Senate as well.
Probably you can risk and buy Options in this situation.
In the worst scenario, you will have to lose only a specific amount of money and not be blocked on Cannabis shares or probably you can lose also big amounts at this moment as the price is frozen.
🟠This is not trading advice at all...it is only what I am actually doing now where the price has stopped moving.
Thank you and Good Luck!
Previous analysis 1:
Previous analysis 2:
After so many times the House passes landmark marijuana legalization bill"
That is wonderful news when it comes to the cannabis industry.
Considering the fact that with the actual situation they are covering only 3% of the market.
With the complete process of legalization, It is already calculated that they will have
an increase in the actual demand by 6 times higher.
Big war between the companies is done for California, one of the biggest consumers of Cannabis in different ways.
On the other hand, the actual California market is very active when it comes to Cannabis as all the demand is covered on
the black market. So in reality the companies will sell it in the light of the sun for personal and medical use as well.
“This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks.
What should we be careful about when marketing cannabis companies?
Prospects for passing such a bill in the Senate appear to be low because Democrats would need all of their members and 10 Republicans to overcome a 60-vote hurdle needed to advance to a final vote.
Technical Analysis:
Considering all the positive development and the technical perspective that is already supporting the bullish movement
we can see CANNABIS moving higher over the next weeks.
However, we need to be very careful in this trading as it looks more like gambling right now as the market is waiting for Senate approval.
🟠This is for all the followers who are asking me how to trade cannabis now?
You should be careful as CANNABIS should be approved in Senate as well.
Probably you can risk and buy Options in this situation.
In the worst scenario, you will have to lose only a specific amount of money and not be blocked on Cannabis shares or probably you can lose also big amounts at this moment as the price is frozen.
🟠This is not trading advice at all...it is only what I am actually doing now where the price has stopped moving.
Thank you and Good Luck!
Previous analysis 1:
Previous analysis 2:
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✅MY Recommended Broker is TRADE NATION
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.