SPLIF Stock: One Last Hurdle Remains
In 2018, Canada paved the way by legalizing marijuana. In 2019, Canada is taking the next steps by legalizing marijuana edibles.
From an investment standpoint, the October 17, 2018 legalization date set by the government became a selling event. The marijuana producers ran up in anticipation of legalization, and then they sold off once marijuana became legal. This was a classic "buy on rumor, sell on news" event.
If we assume that the market for marijuana edibles is setting itself up for a similar outcome this year, then a potential opportunity has presented itself. This is especially true at the moment because the entire sector has been.
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In 2018, Canada paved the way by legalizing marijuana. In 2019, Canada is taking the next steps by legalizing marijuana edibles.
From an investment standpoint, the October 17, 2018 legalization date set by the government became a selling event. The marijuana producers ran up in anticipation of legalization, and then they sold off once marijuana became legal. This was a classic "buy on rumor, sell on news" event.
If we assume that the market for marijuana edibles is setting itself up for a similar outcome this year, then a potential opportunity has presented itself. This is especially true at the moment because the entire sector has been.
Den vollständigen Artikel lesen ...