NWAV/RSII .. a must to own them long..Read this...really good stuff: Throw technicals and other things out the windows. It's the cannabis season and it's the beginning of the second Ganja Rush, similar to the first one in 2014. Except this Ganja Rush will be bigger and more on-going than the first one. This is because a number of states have now legalized MJ in some form. In 2014 it was largely about Colorado, this time around it encompasses many more states including California. CA is huge, it's the sixth largest economy in the world, its economy is larger than the economy of India or Brazil.

Technical goes out the window. Its about demand and supply, when the float is tightly held, PPS could really go nuts. Anyone remembers how the valuation went insane in 2014 during the first MJ rush, regardless of RSI or technicals. Just simply demand and supply folks .

Now jeff Sessions saying he doesn't see the Fed getting involved in the MJ use. Basically leaving the matter to the states.

https://thejointblog.com/jeff-sessions-feds-marijuana/

With the Cannabis Congress Caucus formed and the new ETF for MJ, the sector is just getting started for an epic run, larger than the one in 2014.

As we all know, there are inconsistencies of MJ policies/regulations/laws between the Fed and the state level. This is not tenable. The congressional cannabis caucus will look into these inconsistencies and will attempt to address them.

The removal of cannabis from Schedule 1 of the controlled substance could be one critical area the committee might look into and could make suggestions for way forward.

All in all the MJ sector is going to see big explosive growth in the coming weeks/months imo, in particular the medical MJ companies that are working on finding cure/treatment for many ailments may experience a greater positive impact.

https://blumenauer.house.gov/cannabis-caucu
https://www.newcannabisventures.com/first-can...grosphere/