same sex marriage passed in ACT followed by the referendum not long after. legislation of recreational weed is heading the same path.
For those of you that bought above 70c and are currently worried about your investment going backwards keep in mind that we are currently below the launch price and wont stay there for long, also check the 5-7 year history of legalization in Canada they had lots of ups and downs before serious money and taxes were generated and its still finding the way difficult as pioneers often do. Hang onto your shares, moving stock around trying to stop losses often causes more loss.
The whole weed sector is in the toilet, the hype is gone and punters are turning up for a party that finished a year ago. But if you look closely there is another party coming with a better outcome this time not just talk, when this happens the only company in a ready position will be CAN.
Between CSIRO, VIC government and the NZ partners plus much more CAN is a prime position when the industry picks up interest again to make the most of it which wont be long.
CAN Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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