Marijuana Stocks And Indices On A Downtrend: Who's Taking The Heat And Why
March 19, 2017 - 2:17pm
Major cannabis stock indices have been falling for three consecutive weeks, ever since White House Press Secretary Sean Spicer suggested the federal government would enforce federal law in states where recreational weed has been legalized, despite the Cole Memo.
Some have referred to this slope as the Spicer Effect; others calling it the Sessions Storm.
No matter what name we give it, one thing is clear: Cannabis markets have slowed down.
But, is this tumble really justified? — 420 Investor Alan Brochstein asks.
“Every time Jeff Sessions says something, people want to read something into it,” he commented. “I didn't pay that much attention to Donald Trump, but I've been watching every debate since the primaries for the presidential election were going on in 2015. I've paid attention on a daily basis to any news coming out of the Trump administration as well. And, I just don't see any real issues right now, although there are some marginal issues.”
Nonetheless, he added, people are right to be concerned because there’s nothing definitive.
Who’s Burning Up?
Brochstein moved on to share some observations regarding the biggest losers of the so-called Sessions Storm.
“What I've observed this ...Full story available on Benzinga.com
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