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When President Franklin Delano Roosevelt was asked at a press conference whether he was a capitalist, a communist, or a socialist, he simply responded: “I am a Christian and a Democrat, that’s all.”
Now that the Democrats are set to control the White House and both chambers of Congress, don’t get hung up on political labels and “isms.” Put aside red and blue and keep your eye on the green, as in marijuana and money.
Marijuana “normalization” continues at the state level. Illinois Gov. J.B. Pritzker in late December announced the forgiveness and expungement of about 500,000 criminal cannabis cases. Pritzker stated that he issued pardons for 9,210 low-level cannabis convictions.
Investing Daily
Let’s review the political landscape:
A bitterly fought presidential campaign amid a sharply polarized electorate; a divisive Republican standard-bearer whose rhetoric incites civil unrest and bloodshed; armed protests in the nation’s capital that bring forth the National Guard; racial tensions erupting into urban violence; widespread accusations of police misconduct against minorities; U.S. troops fighting “no win” battles against guerrilla insurgencies in foreign lands; growing economic insecurity among the middle class; seething hatred and mistrust between Democrats and Republicans; worsening political incivility and a coarsening of public discourse…
Yep, the year 1968 was a scary time.
As we survey similarly tumultuous events this week, I’m reminded of the often-quoted malapropism of baseball legend Yogi Berra: “It’s like deja vu all over again.”
Here s Why January 5th Could Be a Huge Day for Cannabis Wednesday, 06 January 2021
In November, pot stocks soared on both a Joe Biden presidential win and the legalization of recreational marijuana in four more states (Arizona, Montana, New Jersey, and South Dakota). There s been plenty of optimism that there could be significant changes ahead for the cannabis industry, including the decriminalization of marijuana and moving it off its current Schedule I classification with the Drug Enforcement Administration (DEA).
But time and time again, cannabis investors have gotten their hopes up after marijuana legislation passed in the House of Representatives only for it to end up going nowhere. Even a change in leadership at the White House may not be enough to move the needle. Arguably, one of the biggest obstacles for the cannabis industry is the U.S. Senate but power there could soon shift as well.
Can HEXO Stock Rebound in 2021? David Jagielski
This past year has been a tough one for
HEXO (NYSE: HEXO) shareholders. The pot stock is down more than 40% even though the
Horizons Marijuana Life Sciences ETF (OTC: HMLSF) has been fairly stable, falling a relatively modest 4%. The company recently completed a reverse 4-for-1 stock split to stay above the $1 mark and remain compliant with NYSE listing requirements.
HEXO has reported a loss in each of the past four quarters and is coming off an abysmal fiscal year that was full of writedowns, impairment charges, and other ugly expenses. It s a challenging time for the company, and for it to bounce back in 2021, a lot will have to go right. Here are two key things that need to happen for HEXO stock to rally.
Dec 31, 2020 at 6:37AM
Are you a cannabis investor looking for a quality stock to add to your portfolio? Then you probably know how challenging it can be to find a marijuana investment that s both profitable and trading for cheap. But with a little digging, it s clear that there are still some great opportunities for you to benefit from its inevitable growth.
Two pot stocks you can hold heading into 2021 that will give you a good balance of growth and profitability are
Village Farms International (NASDAQ:VFF). Both stocks are up more than 63% this year and have outperformed both the
Horizons Marijuana Life Sciences ETF that s down 9% and the