Jun. 19 at 7:17 PM
While everyone is watching AI, Software, and Oil... Cannabis might be the sleeper that moves next 📈
Cannabis stocks are coiling near multi-year lows — and the macro setup is more loaded than most realize 👇
$MJ $SNDL $CGC $TLRY — all forming descending channels compressing into long-term support. RSIs sub-50 across the board. These charts are wound tight.
Here's what the market isn't pricing:
In April 2026, Trump's DOJ officially moved state-legal medical cannabis to Schedule III — and launched an expedited DEA hearing process set to conclude by July 15, 2026. That's less than 30 Days Away!
Reports also emerged in March that Trump is planning to sign an executive order creating a federal commission to study full descheduling — with the political timing clearly aimed at the November 2026 midterms
Cannabis is a bipartisan popularity play. With midterms approaching, this is a low-cost, high-visibility card Trump can pull — and the rescheduling hearing concludes in weeks!