Toward the end of summer, a few friends and I would gather at our local spot on the water to watch the sunset. Most would drink, I would enjoy some kind bud, and we talked or didn’t talk depending on the mood.
For the better part of August, the U.S. cannabis journey remained the same: anemic volume ($15-$20M notional per session) and sentiment, for those who still cared or were still interested at all in U.S cannabis, was on life support.
The week before last, not one but two U.S cannabis-focused funds unwound positions, adding additional pressure as the buyers continued to strike.
Bipartisan talks over a marijuana banking bill were “very productive” over the August recess, the office of the lead GOP Senate sponsor told Marijuana Moment, and a key Democratic chairman said an agreement on advancing the legislation is “imminent.”