It's a $50 billion dollar black market business, according to Hadley Ford, CEO of iAnthus Capital Management, a company that provides funding for cannabis cultivators. The company is publicly traded on the over the counter markets and since its debut in September 2016, shares are up some 75%.
"There's no financing available for people in the market," he said, adding that 28 states have legalized medical marijuana, while eight states have legalized recreational marijuana.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
