Advisorshares Pure Us Cannabis Etf (MSOS)

Anyone know WTF is causing the spike?

Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act https://www.cannabisbusinesstimes.com/safe-banking-act/news/15736710/senate-banking-committee-witness-urges-members-to-improve-pass-safe-banking-act $MJ $MSOS $TLRY

If it drops to the 1.618 at $0.67 I'll average down. Looking a bit overbought and weekly could be rolling over in the next week or so? Looks like they mostly hold treasury bills from the last prospective I looked at. Still a falling knife but better gamble here than $12 lol

$ALYI Hemp Batteries for Electric Cars


$MSOS

$TLRY Tilray Brands is a STRONG BUY at SeekingAlpha https://seekingalpha.com/article/4767975-tilray-brands-is-now-a-strong-buy

Politics: White House Has ‘No Action’ Planned On Marijuana, But Trump Quietly Pushed Lawmakers On Cannabis Banking, Report Says https://www.marijuanamoment.net/white-house-has-no-action-planned-on-marijuana-but-trump-quietly-pushed-lawmakers-on-cannabis-banking-report-says/ $MSOS $TOKE $MJ $TLRY

Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act https://www.cannabisbusinesstimes.com/safe-banking-act/news/15736710/senate-banking-committee-witness-urges-members-to-improve-pass-safe-banking-act $msos

New York’s Legal Pot Rollout Targeted In Lawsuit Claiming Anti-White Bias https://www.forbes.com/sites/jamesfarrell/2024/01/30/heres-why-the-rollout-of-new-yorks-legal-cannabis-industry-could-be-delayed-again/ $MSOS

Tilray Brands, Inc. $TLRY Among the Best Alcohol Stocks to Buy According to Analysts
https://finance.yahoo.com/news/tilray-brands-inc-tlry-among-034930975.html $MSOS

Trump Ally Who Lobbies For Marijuana Industry Predicts Rescheduling And Banking Will Get Done Under New Administration https://marijuanamoment.net/trump-ally-who-lobbies-for-marijuana-industry-predicts-rescheduling-and-banking-will-get-done-under-new-administration-but-not-legalization/ $MSOS

Bottom may not be in but I grabbed a few at $3.40 for a gamble or bounce

Why Canopy Growth (CGC) Is Among the Best Cannabis Stocks To Invest In? https://finance.yahoo.com/news/why-canopy-growth-cgc-among-061901058.html $MSOS $CGC

The Maryland Department of Agriculture allows the use of neem oil on medical cannabis during the flowering phase, but this raises significant health and safety concerns. Neem oil, while widely recognized as an organic pesticide, can transform into hazardous compounds when exposed to high heat, such as during smoking. Studies have shown that heating neem oil can release harmful byproducts, including acrolein, a known respiratory irritant, and other toxic substances that can lead to severe health risks like lung inflammation, irritation, or long-term respiratory damage.

The issue is exacerbated by the lack of oversight from federal agencies like the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), which do not regulate pesticide residues on cannabis. Unlike traditional agriculture, cannabis cultivation operates in a gray area where state regulations vary widely, and federal guidelines are absent. This regulatory gap leaves consumers vulnerable to unintended exposure to harmful chemicals, especially in states like Maryland, where neem oil use is explicitly permitted during sensitive growth phases like flowering.

Medical cannabis patients, many of whom already have compromised immune or respiratory systems, are at heightened risk. These individuals may unknowingly inhale toxic residues that exacerbate their conditions, potentially leading to severe health complications. The situation is not only a public health crisis but also a legal time bomb, as affected individuals could pursue lawsuits against growers, dispensaries, or even state regulatory bodies for failing to protect consumer safety.

This growing concern underscores the urgent need for stricter testing protocols and unified federal regulations to address pesticide use in cannabis cultivation. Consumers should be cautious and informed about the potential risks of smoking cannabis treated with neem oil and advocate for more robust safeguards to protect public health.

#NeemOil #ConsumerSafety #PublicHealth #ATF #LegalConcerns #CannabisRegulation #MarylandCannabis

Probly get a RS soon

Time to see how close my projections are

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.reddit.com/r/CultoftheFranklin/

________________________________________________________________________________

Explaining THCa and THC: The 2018 Farm Bill Loophole...

- THCa vs. THC: THCa is non-psychoactive but converts to THC (which causes a high) when heated through smoking, vaping, or cooking.

- 2018 Farm Bill Loophole: The bill legalized hemp with less than 0.3% THC but didn’t mention THCa, allowing high-THCa cannabis to be sold legally if it tests below 0.3% THC before being heated.

- Online vs. Dispensary Sales: Both sell THCa-rich cannabis. Dispensaries can sell any THC level, while online sellers must comply with the 0.3% THC limit until the product is heated.

- Decarboxylation: Heating (through smoking, vaping, or cooking) decarbs (converts) THCa into active THC.

Dam why the dump here

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.reddit.com/r/CultoftheFranklin/

https://www.marijuanamoment.net/harris-campaign-omits-marijuana-from-new-issues-page-as-trump-earns-praise-for-backing-legalization/

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.prestonherbco.com/products/100-ozs

The 2018 Farm Bill has created a legal loophole for selling THCa online...

THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.prestonherbco.com/products/100-ozs

Let's hope the americans vote vote for Democrats. I know it's not a guarantee of anything but it sure sounds like republicans are not going to make this happen. Sounds like there's enough Republicans trying to get in the way of this happening

https://www.marijuanamoment.net/dea-schedules-hearing-on-marijuana-rescheduling-proposal-delaying-final-rule/

Sublingual Tincture: THC + CBD + Coconut Oil

Components:
• THC: Euphoric, pain relief, relaxation.
• CBD: Non-intoxicating, reduces anxiety, inflammation, breaks down tumors and cysts.
• Coconut Oil: Carrier oil, enhances absorption, contains monolaurin (antimicrobial, helps bypass the blood-brain barrier and acts as an emulsifier).

Extraction Process:
Decarboxylate:
• Preheat oven to 220°F.
• Bake ground cannabis for 30 minutes.

Usage: Start with 1-2 drops and increase as needed. Store in a cool, dark place.

Summary: A simple, effective way to deliver cannabinoids and terpenes with quick onset and controlled dosage. Perfect for those seeking therapeutic benefits without the delay of digestion.

What a great day… Let's go baby

Finally sold msos at about break even. Never owning it again. Buying individual names from now on

Playing around on trading view. Rising bearish wedge broke down, have $4 area as a measured move. 1.618 projection level $3.37

Example of THCa... https://www.prestonhempco.com/products/100-ozs

Hemp derived "THCa" is the same as regular weed.

Sub-reddit for THCa products... https://www.reddit.com/r/CultoftheFranklin/

THC-A is a legal product with less than 0.3% THC in the total weight. Production of American grown hemp, THC-A flower is legal under the 2018 Hemp Farm Bill. It is not a federally banned substance as the Agricultural Improvement Act (Farm Bill) legally authorized the removal of hemp plants and seeds from the Drug Enforcement Administration schedule of controlled substances.

Didnt get a chance to watch those videos. Been busy with work. I’ll make time soon. Still in the rollercoaster. After today I’m frustrated to say the least

You watch any of those YouTube pages I referenced? Be interesting to see how nivida earnings play out this week and how it affects the markets. Little pump then dump or straight market dump (nasd/sp500)? You end up cashing out or still holding?

Over done? You know my bearish stance so no. If that was a wave 3 up wave 4 down went past the level I googled which is the .382@ 8.91 ill be curious to see if it can make 5 waves up, 3 from what i gather isnt bullish and that could have been a 3 move up. Here's something I typed out that might confuse you, I struggle just as bad as the next. There is a difference between Fibonacci retracements and Fibonacci projections. I think retracements are the normal levels and projections are more like the extremes. I've had decent luck with projections but have been trying to use both.

That's a tough one. Measuring Fibonacci projections from the high just below $10 on sep. 18 to the low of sub $5 in October to the latest high gives downward levels of (previous reply had the upwards levels that it's seemed to align with for the time being)


.236/ 9.56

.382/ 8.85

.5/ 8.27

.618/ 7.70

.786/ 6.83

1/ 5.84

1.618/ 2.83


I see volume nodes around here and low 7s. 

I'll be honest, I don't know what to make of that pattern. Could be in a first wave 4 of 5 up if it start to find support then after wave 5 it could be wave 2 down in 3 moves and the good wave 3- typically longest and strongest either up or down. I'm still new with lots to learn, and have gathered the most evidence a sustainable long term bottom is in is after the lowest low you get 5 waves up and a 3 wave move down (ABC). I don't know if this is a W Pattern, kinda looked like one so I could see that pump up happening. After that it's not clear with my limited knowledge, so take ot all with a grain of salt and the market will do what it wants regardless lol.


From the IPO low of $20.61 to the $56 high I have a retracement of the 1.5 fib $2.88 and the 1.618 of -$1.30 again, my treading water knowledge knows that the .618 and 1.618 levels are most often touched and I haven't figured out counting waves so I pretty much rely on those two basics. Negative price would be a reverse split or bankruptcy I'm guessing but that 1.5 fib retracement of $2.88 is awfully close to the recent 1.618 fib extension of $2.83 then I factor in my view on the global economy (pessimistic by nature) and wouldn't be surprised to see that happening, unless we get the 5 wave move up and 3 down that ive been looking for on about any of my stocks. I use trading view to practice charting when they do half off sale around Thanksgiving And follow more trading online, crypto savy, and market makers on YouTube as they all either use Fibonacci or some sort of it and I'm becoming a believer in it. Northstar bad charts is the other trading publication I pay for and they teach risk management and have a learning section that I haven't checked out nearly enough. My last one is Bonner private research and you can watch the sales pitch on YouTube under Americas nightmare winter. Some of it is pretty boring but the gist of energy crisis causes by the green energy scam alings with my view. They have a portfolio of "maximum safety" with 60% commodies split between high dividend energy stocks and prescious metals and 40% in 1-3 month Treasury bills getting paid 5.5% interest waiting for a crash to buy high quality bargins. Lots of good free info from the YouTube guys I mentioned. Sorry for the long winded rant but I'm a believer in the Fibonacci and like to share good info when I have it. 

You think the selloff is overdone?

Rumors flying around today then squashed by the white house. Idk. I may bail here

Nope. Might be getting close to a good time to take profits tho. 1.618 coming up, volume spikes going down as price rising. Pigs eat, hogs get slaughtered it's a good analogy. Or hold and I'll try not saying I told you so

You on x? @SqueeggeeArtist

Don't get too cocky, the 1.618 is coming up lol could be near the end of a wave 3 up. 1.618 could be the wave 5?, then would expect ABC down correction taking out a big majority of the gains from $5s but signaling a long term bottom could be in. If that does play out I'll join. Been waiting to see that pattern play out since I started getting into charts and it's been evasive.

I agree, another cannabis sector chart friend shared the volume profile on this. Honestly, if it can chew through this 12-14$ area it looks so clear overhead. From my view the hardest work is in this area (have worked thru a lot of it ) and that 14 range.

Positions in this and MSOX….

Let’s boogie

LCK

How bout that strength broken?

Why would you want to. Trade a Canadian version? US has liquidity.

Is there a Canadian version of msos?

If price can get over the high of 14 back in December 2022 theres really not much resistance to $22-$24 zone. Basically 3x where it trades now. Once 280e goes away you can bet the fundamentals in MJ companies catch up to a 3x price adjustment to current prices.

How you getting the $24 target? I see the 100% retracement/extension for upside are near $10 and the 1.618 near $13. The 3.618 is near $26. Hope it works out for you

Apparently energy is where it’s at. I haven’t traded it in a long time but definitely looking into the space. J was convinced the GLD was going to break out but still were sitting here. I wouldn’t be surprised to see MSOS hitting 24 which was my original target went i went long at 9.33 ish. Took some heat on that trade but I’m still confident ill be right “eventually”

Well thanks for putting food on America's table. Could be a W pattern playing out and another high inbound, it also hit the .786 fib recently so maybe a ABC correction and big drop inbound. Market will do what ever it wants. I'm basically in energy, metals and miners, shipping and Treasury bills. Been waiting to see any stock actually bottom, and as I've been trying to learn one way to identify a sustainable bottom is a 5 wave move up followed by a 3 wave move down then moving back up. I've got a pretty gloomy forecast for our future. Kinda thing the market will dump like Bitcoin recently did once everyone gets comfortable and things were outta the woods. Market makers on YouTube is one link I've tried posting but it hides it. Crypto savy is another and he has some good market top patterns from the dot com bubble that are playing out today very similar if you wanna browse them

My cost basis on MSOS is about 9.3ish so not real far away. But yes I’ve been bullish long term. I think MSOS will see 12’s before 5’s

I like any steak. Raise cows. But seriously been bringing gains on these mj moves. Best trading in a while.

Broken. Cant deny the relative strength in MSOS