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GLASF - Cannabis Stocks Up On Legislation Buzz Been Here Before
Glass House Brands Inc - Class A
Stocks up last week on federal legislation news. Expect gains to be short lived.
Expect banking provisions to again fail in the Senate after passing in Congress while ultimately do not believe Chuck Schumer’s broader legislation will have sufficient support when filed in April.
Continue to believe banking specific legislation can come later this year.
Even without near-term legislation, remain positive on cannabis stocks on company fundamentals and favor small and medium sized operators.