Cannabis stocks being smashed in Canada last week, and big...

Cannabis stocks being smashed in Canada last week, and big continuation of panic selling Friday night, coupled with big falls on stock markets , will surely mean there will be cheap cannabis stocks on the asx, expect big red day Monday, and probably red week.

Might be a bad couple of weeks, but if you have money on the sideline, probably some good opportunities to pick up some value for the bounce back, which I feel is inevitable for the weed stocks given that we have the legalisation later in year. Technically looks like MMJ will head to 43-45 in the short term. But to be honest there are other weed asx plays for quicker money on rebound rather than MMJ, but for long term entries, value will be coming in next week or so for MMJ, Ive taken away buy orders just to see where we find support, Monday night will be very telling to watch the major players in Canada.