Cannabis Coming of Age in the USA

Cannabis Coming of Age in the USA

Cannabis Coming of Age in the USA

Today, the cannabis industry in the US can breathe easier as former Republican House Speaker John Boehner joins the advisory board of US cannabis producer Acreage Holdings.

The announcement that Mr. Boehner and former Massachusetts Governor William Weld will advise Acreage, a private company, should act as a positive catalyst for the overall sector.

Marijuana stocks, many of which are listed in Canada because of US legal uncertainty, have been struggling this year after nearly 3X’ing in Y 2017.

The BI Global Cannabis Competitive Peers index has lost more than 33% of its value YTD, partly driven by AG Sessions’ move in January.

Canada plans to legalize recreational use later this year following California’s steps to do so on 1 January 2018

We believe that cannabis producers “represent the next wave of outsized returns for investors” once the halo of legalization in Canada fades.

Mr. Boehner’s appointment to Acreage’s advisory board a major event that may help “legitimize” the sector and generate more and continuing investor interest.

Stay tuned…

Read more: Boehner’s ‘Bombshell’ Weed Reversal ‘Monumental’ For Marijuana | Newsmax.com
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Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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