01Jun3:21 pmEST

That Nose is Like a Natural Canopy

One of our Members noted that Canopy Growth Corporation (CGC), formerly Tweed Marijuana Inc., is now trading off the Pink Sheets and on the NYSE. Alongside GWPH, I view CGC as a more liquid way to play "pot stocks," than merely speculating with illiquid trash on the Pink Sheets which could easily go to zero, and often does. 

Also note the recent Supreme Court ruling on sports gambling laws sets a bullish precedent for pot laws, in terms of the current Court's views on federalism and states' rights. Thus, Canopy and GWPH are much more in focus this summer for me, especially viewing how constructive CGC looks on its daily chart, below. 

As for GWPH, the stock had a steady push higher all during May, ignoring broad market volatility. This is typically a very bullish sign looking out the next few months, and I want to stalk any dips now for entries here, too. 

Finally, to follow-up on this video from last week on CMG, keep an eye for the notable price compression to resolve imminently. 

Enjoy your summer-like weekend. 

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