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RE: Cannabis-Related Stocks Take A Hit After AG Jeff Sessions Announces Plans To Go After Legal Marijuana

in #cannabis7 years ago

@doitvoluntarily
I provide coverage on investing in the marijuana sector and have posted a blog today on Steemit talking about the same thing, how Cannabis stock sold off in the last 2 days. For the most part, I think the sell-off is done, but it will take some time for the US related marijuana stocks to recover, Canadian MJ stocks have pretty much recovered their losses from yesterday's news.

This news announcement by Sessions may have been in the works for some time, and I wouldn't doubt that insiders knew this was coming. This could explain why lots of buying came into the Canadian MJ sector last week, which should have been the slowest trading week of the year, but yet the MJ stocks in Canada rose significantly.

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