Hey XSO'ers
I typically lurk on here and am grateful for the valuable insights offered.
Hopefully this isn't perceived as an hip-fire spruiking effort but with the chatter around MedCann stocks and the industry in general, here are a couple of extra bits of info to consider which supports the thesis that there might be some significant growth on the cards esp. in Australia as the industry matures.
Here's a link to the Aus gov's current list of projects which have been allocated 'Major Project Status' - https://www.business.gov.au/Grants-and-Programs/Major-Project-Status/Current-Major-Projects
Note that 6 out of the 20 are all related to the Medical Cannabis industry in some way. Cumulatively 100's of millions in investment creating thousands of jobs (hopefully).
Second - For any chartists on here, a long-term chart of the international Cannabis Stock Index (check the 10 year) - https://www.newcannabisventures.com/cannabis-stock-index/
Now I'm certainly no expert but to me that looks a lot like we've seen the bottom and it's setting up for a decent run.
One particular ASX stock to me looks set to run on the long-term chart (doubtful it's the only one either, haven't checked) but I'm sure anyone interested can pick it up as I hold enough conviction in my speculation not to go spruiking it directly.
Anyway please anyone feel free to rain on my parade, I'm all ears for alternative ideas.
Cheers
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