$Tilray Brands(TLRY.US)$ Long-Term Downtrend Based on the long-term trend, I feel like we might see a good short opportunity in pot stocks soon. Of course, I could be wrong, and the bottom in pot stock could have already been printed. Personally, I will need to see a little more upside before I can be confident. Strong Short-Term Rally So far, things are looking good, and this rally is showing no signs of slowing down. Aside from being overbought, there is no...
Although cannabis ETFs like ours have been around for several years now, there still appears to be some confusion as it relates to their impact on the underlying stocks, in particular U.S. plant touching names that are held on swap. Here’s my best attempt to explain: In a “normal” ETF (i.e. a non swap-based product), creations work as follows: If you are buying 100 shares of ETF XYZ, there are broadly two types of sellers. The first is a “natural” seller, a market participant th...
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Mercado :
interesting information how about it just tap
Revelation 6 :
I just don’t think that they will do it. I know it help balance the budget with the tax revenue, but right now the republicans don’t want to do the spendocrates any favors before mid-terms. They’ll wait until after mid-terms and talk it up as a republican bill and take credit for it. It’s time has come due. With the huge deficit, this is a easy way to gain tax money, relieve overcrowding in jails and pick up a large number of votes in 2024 election.
Cannabis ETFs were blazing after Representative Nancy Mace (R-SC) tweeted that she plans to unveil a new bill that would legalize marijuana at the federal level. The bill would remove the plant from the list of federally controlled substances. While cannabis-related ETFs have been on a decline for much of the year, this news was enough to lift them by double digits last week. The U.S.-focused$ADVISORSHARES PURE US CANNABIS ETF(MSOS.US)$gained 14.0% in past week. The$ADVISORSHARES TRUST PURE CANNABIS ETF(YOLO.US)$and the$ETFMG Alternative Harvest ETF(MJ.US)$, which take a global approach, were up 12.8% and 10.9%, respectively. Cannabis-related ETFs shot higher after Joe Biden's nomination. Both he and Vice President Harris had stated they were in favor of policy reform. President Biden, however, has only backed medical legalization and decriminalization. The lack of movement on the issue after Biden took office brought these ETFs off their highs. But Mace’s bill, which would see marijuana regulated similarly to alcohol, could appeal to those on the right side of the aisle because it invokes states'rights. The proposed bill would also not call for the degree of regulation or taxation as prior legalization bills have, such as of that proposed by Senator Chuck Schumer. Several Options Available Here is a list of Marijuana ETF ranks by AUM, with MJ and MSOS being the largest, at over $1 billion in AUM each. Currently, the cheapest cannabis ETF is the$CAMBRIA ETF TRUST CANNABIS ETF(TOKE.US)$, with a 0.42% expense ratio. This is significantly lower than the average expense ratio of 0.71%. The low cost is especially notable when you consider that TOKE is active. Though it is 0.33% cheaper than the passive MJ, TOKE has underperformed by 4.1% year-to-date. Domestic or Global Legalization is not just a domestic issue. In fact, the U.S. has some of the most marijuana-friendly laws around the world. The substance remains illegal in much of the world. Though this suggests there is substantial growth ahead for global cannabis-related companies, current legalization talks in the U.S. are likely to benefit domestically focused ETFs such as MSOS the most. Source: ETF.com, ETF Managers Group
SpyderCall楼主 : @MindOverMatter
SpyderCall楼主 SpyderCall楼主: check it out, dude...
This is how I'm looking at the situation. This rally is very strong, so I could always be wrong.
mizmo : yeah go ahead. go short all the weed stocks into Oblivion and take it right off the market. loser mindset
SpyderCall楼主 mizmo: It is not time to short yet. Check the second paragraph. The rally is still strong.
SpyderCall楼主 mizmo: I will consider a short position when this rally loses some steam, though.
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