Apr. 23 at 8:23 PM
$MSOS
Institutions still can’t invest in cannabis.
For example, I have an IRA account with
$WFC and they won’t let me buy this stock or even a company like
$HITI that is federally legal in Canada and doesn’t touch marijuana in the US.
Translation: YES cannabis is heavily manipulated. Did you think it would rocket to
$100 overnight and stay there?
Institutions can’t deploy capital yet.
Mergers and acquisitions haven’t consolidated the sector.
Stocks haven’t been re rated now that 280e is being removed.
Buy and hold. Zoom out.