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accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.

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Everybody must get stoned

2020 was always going to be a historic year for cannabis in Illinois. The sale of recreational marijuana became legal across the state at the turn of the decade, all thanks to the Cannabis Regulation and Tax Act (CRTA) that Pritzker signed back in June of 2019. Despite some supply shortages, limited licenses, and opening in the dead of Chicago winter, Illinois dispensaries sold around $3.2 million worth of recreational cannabis on January 1 alone. That s nothing, though, compared to the overall profit brought to the state by local and visiting cannabis shoppers.
According to the
Tribune, sale of cannabis brought Illinois more than $1 billion of revenue in 2020, about two-thirds from rec and one-third from medical. Furthermore, the Illinois Department of Revenue shows more than $175 million in cannabis tax revenue. One can only guess if the lockdown helped or harmed these numbers. ....

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AUD/USD Weekly Forecast: Pressure mounts in the near-term, but bulls still has an ace up the sleeve

Following
AUD/USD Weekly Forecast: Pressure mounts in the near-term, but bulls still has an ace up the sleeveANALYSIS
|
3/12/2021 3:43:24 PM GMT
The Reserve Bank of Australia took action to curb the yields rally.
The US Federal Reserve is having a monetary policy meeting this week.
AUD/USD could fall towards 0.7620 but the long-term bullish picture persists.
The AUD/USD pair is has managed to post a modest advance this week, recovering well above the 0.7700 threshold. The greenback strengthened on the back of soaring government bond yields, but in the case of AUD/USD, the stronger dollar was partially offset by Wall Street reaching all-time highs. The Dow Jones Industrial Average and the S&P both hit records on Thursday, after US President Joe Biden signed the $ 1.9 trillion stimulus bill into law, granting more easy money to markets. ....

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EUR/USD Forecast: At risk of falling further

3/15/2021 12:46:18 PM GMT
EUR/USD Current Price: 1.1921
Germany Wholesale Price Index improved to 2.3% YoY in February.
US President Joe Biden will offer a speech on the American Rescue Plan.
EUR/USD gains bearish traction as US Treasury yields pressure one-year highs.
The EUR/USD pair peaked at 1.1967 as speculative interest was optimist during Asian trading hours, pushing high-yielding assets up. Upbeat Chinese data triggered the positive sentiment, although there was no follow-through after London’s opening. The greenback aims to recover some ground ahead of Wall Street, but major pairs remain within familiar levels. Meanwhile, US Treasury yields hover near their recent one-year highs, providing support to the American currency. ....

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EUR/USD Price Forecast: Further decline targets the 200-day SMA

The single currency inaugurates the week in the negative territory and gradually approaches the key support at 1.1900 the figure, always amidst the co ....

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