Summer Solstice Salsa
The cannabis stars begin to align into the back half of the year
It’s been a remarkable stretch for U.S cannabis. After a slow-motion perfect storm set the stage for this economic, employment and wellness engine, and after a remarkable year-over-year rally in canna stocks topped out four-plus months ago, the feast turned to famine for those of us invested in this trillion-dollar industry-in-waiting.
In the last few weeks we’ve chewed through several dynamics that have influenced the current Dead Calm. We spoke to the shift in the federal agenda, touched on the TSX rumors and fingered the f*ckery (that continues to f*cker) b/c no intelligent US canna convo can exist w/o addressing the uneven landscape.
We’ve called this / here / now the Eye of the Storm b/c we believe that the current malaise is as transitory as it is deceiving; and the short-term voting mechanism will soon yield to the long-term weighing machine. “Soon,” of course, is a relative term, and my way of saying I have no idea when it will happen, really; just that it will.
But I get the frustration…
Because no matter how many times we scream it…
Investors are still looking the wrong way.
But I have good news. Huge news, really….
No, not that. But that too. Something more… something… cosmic.
With the summer solstice behind us (and with it, thankfully and mercifully, Mercury Retrograde (<- makes me it’s bitch every cycle)), the stars have seemingly aligned for a second-half salsa. Well, maybe not all the stars, but some stars. Like, for instance…
Wowzers! Someone else sees it! Maybe I haven’t been smoking peyote for six straight days… maybe, just maybe, this is asymmetric by design; b/c you gotta earn everything in this world, from respect to a living wage to those rare generational opportunities.
They even get the ‘skate to where the institutions are going’ part: “U.S multistate operators will be able to access banks, list on U.S stock exchanges, and pay normal tax rates,” all of which is gravy atop the strong fundamental underpinnings in the market.
And how bout this? E&Y, the “multinational professional services network” formerly known as one of the world’s most respected consultants (is that a branding thing?) is gonna release a monster report on U.S cannabis…
that I, uh, heard…
…was a primer, of sorts, for the institutional / societal migration about to occur.
For those looking for further affirmation, BoJo backed the intel we shared last week re: SAFE+ which should begin to price into our space in 3, 2, 1….
And that Michael Burry fella! You know, the guy from The Big Short….
…who is this guy irl doing the TH canna dance out loud for all to see.
And really, the signposts surround anyone willing to paying attention…
…just as the US Cannabis ETF $MSOS kisses it’s first-ever 200-day moving average—because, you know, this space is that new.
[ran outa room but for a deeper dive: this CannaInsider Podcast w Matt Kind is killer]
/advisor $MSOS