Global equity enthusiasm failed to translate into U.S. equities. We saw selling pressure immediately at the open as investors continue to move to the sidelines. Could this finally be the year that international markets outperform the United States? The S&P 500 managed to climb back into the green by the close for a gain of 0.18% to 2,023.
The press machine is back in full force today in the cannabis sector. It appears that many companies in the space were preparing their press releases over the long weekend. It is not surprising to see this action and even encouraging that the flood of press has not lead the sector to jump as it did last year. As a whole, cannabis stocks had a mildly bullish bias on the day.
Daily Due Diligence: Strategic partnerships among OTC companies should be questioned thoroughly. Who are the players involved? What are the terms of the transaction? Ultimately, does it add value to the investor or is it just a marketing opportunity for the companies involved? As an investor, make sure you are comfortable with the deal.
Tonight is President Barack Obama’s State of the Union (#SOTU) address. This is the time that our government is (or should be) asking itself how it’s doing. We are the collective boss of our government. We give feedback on its performance with our votes. The government should be doing what it can to respond to our collective requests.
Will cannabis and hemp be on the docket? If not, what do we need to do to get our issue more attention? The business of cannabis and hemp is real and lasting and as we’ve talked about in the past, it is important to acknowledge the role of politics in this industry.
For more on this and how to enact change in our government, check out and support the organizations who are acting on our behalf: National Cannabis Industry Association, Marijuana Policy Project, Drug Policy Alliance, NORML, Hemp Industry Association and Vote Hemp.
We are the ones who can make the State of the Union consider cannabis.