TGA has announced that CBD products are rescheduled and are able to be sold in the pharmacies OTC, this opens a whole new revenue for all CBD stocks.
Now it depends on how well each CBD business runs after this announcement that will determine the SP in the future, for now, you are correct the SP in the sector isn't very bullish (short-term) however, the long term very bullish IMO.
Then again, anything can happen in the market.
CGB Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held