April 20 has become a day of celebration for people who support the full legalization of marijuana — including for recreational use.
Before that, a lot of good news for the industry had been priced in. For example, the real legalization of marijuana in New York state March 30 — recreational use is now allowed and the legislation doesn’t hide behind flaccid “decriminalization” language — hadn’t reversed cannabis stocks’ swoon. YOLO and MSOS have been able to get around that problem by holding total return swaps for the MSOs. And on April 20 — yes, on 4/20, the international day of marijuana smoking — Amplify ETFs announced that CNBS will now be able to purchase MSO total return swaps as well.
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$FTEG 🚀
Good read. This is what we need 😎
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