- 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.
For further details see:
Cannabis Stocks Up On Legislation Buzz, Been Here Before