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Emc stock admnistrator8/19/2023 ![]() This is the classic "buy on rumor sell on news" event, in which the selloff that follows will be driven by speculators exiting the market. ![]() I have been saying for quite some time that the speculation surrounding this sector will continue to drive the bull market in this sector up until the point when the federal government makes its fateful announcement regarding marijuana legalization.Īfter this announcement is finally made, I expect a selloff to ensue. I need to reiterate my views on this sector just to clarify where I stand. This anticipation has caused a frenzy of speculation to tun rampant in licensed marijuana producers like Emblem Corp (CVE:EMC), and I have reason to believe that there is still some speculative fuel left in the tank to drive Emblem stock higher. Hot money continues to flow into marijuana stocks in anticipation of the federal government announcement that will outline the framework for legalized marijuana, including for the recreational market. Every day that passes, we inch closer to the long-anticipated day when marijuana will be legalized. This once frowned-upon sector of the underground economy is going mainstream, and it will eventually only share the same level of stigma as alcohol. Further Upside Expected for Marijuana Stocks 01:46:08 Emblem Corp CVE:EMC Emblem stock EMC stock Marijuana Stocks Marijuana stocks like Emblem Corp (CVE:EMC) will continue to be driven by money flowing into the sector, speculating on the recreational marijuana market. Marijuana Stocks: Emblem Corp Stands to Benefit
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