News broke overnight about airstrikes in Yemen. Crude rallied on the news and stocks were mixed on the day. Interestingly, the S&P 500 has largely moved sideways for four months now. There has been plenty of action with minor selloffs and rallies, and plenty of single stock action. Regardless, as a whole, we are at similar price levels since late November.
Cannabis stocks just kind of bumped along again today. It is interesting how the collective consciousness of some investors can operate on the same wave length. Yesterday, we discussed some pumping behavior we found to be particularly shocking and it seemed to be echoed by other respected investors across the digital landscape.
Daily Positive: The number of arrests are down 90% in Colorado, since last year. While this number is not surprising, it is extremely encouraging to think of the amount of resources that can be redirected to positive programs. And here is a little comedy to go along with our daily positive.
Sounds like it is going to be a busy night in Washington, D.C., with a major cannabis seed giveaway. Over 800 people have confirmed attendance at the event, which will kick off a massive home-growing market in the District.
There are people who say there is no money to be made in the District’s legal marijuana market, but that would assume that none of these people would need to spend a dime on growing their plants. A savvy investor may see an opportunity here around technology, equipment, nutrients, etc. This requires a lot of leg work and due diligence, which can be difficult, but also rewarding.