20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In a series of developments impacting the cannabis industry, significant progress has been made in various states.
Wisconsin Assembly Speaker Robin Vos has shown openness to a Republican proposal on medical marijuana, emphasizing the importance of accessible healthcare. He pledged the possibility of introducing the proposal later this summer, signaling a changing perspective within the GOP.
In Arizona, several marijuana establishments have issued voluntary recalls of specific products due to potential contamination concerns. The Arizona Department of Health Services (ADHS) discovered possible false negative results for contaminants, prompting immediate action by the licensee to remove the affected products from store shelves. While no illnesses have been reported so far, the ADHS advises purchasers to dispose of the recalled products.
Rhode Island has finally established its Cannabis Control Commission with Kimberly Ahern as chair and Robert Jacquard and Olayiwola Oduyingbo as members. Tasked with regulating and licensing both recreational and medical marijuana, the commission also holds the key to establishing advertising rules for dispensaries. Meanwhile, licensed marijuana cultivators are urging swift action to accelerate the opening of additional marijuana stores, highlighting the need for timely expansion within the industry.
In Utah, Tracy Gruber, executive director of the Utah Department of Health and Human Services (DHHS) announced the appointment of nine board members to the newly formed Medical Cannabis Policy Advisory Board. According to High Times, this board aims to benefit patients, medical providers, and businesses involved in Utah's medical cannabis program by offering valuable insights and guidance to policymakers and regulators.
In Oregon, the town of Ontario has experienced a surge in tax revenue and economic growth since the opening of cannabis stores, leading some individuals and politicians in neighboring Idaho to consider the legalization of marijuana. Ontario's 11 dispensaries have contributed to the local economy, funding new positions in law enforcement, emergency response vehicles, and improvements to parks and trails, according to the NY Times.
Meanwhile, Illinois is preparing to host the Benzinga Cannabis Capital Conference scheduled to take place in Chicago on September 27-28. Following its successful April event in Miami, the conference serves as a platform for partnership building, sharing marketing insights and learning about capital shifts in the cannabis industry.
These developments reflect the changing landscape of medical marijuana, regulation and industry growth, suggesting potential advancements in accessibility, regulation and economic impact.
Photo: Courtesy of Aaron Burden On Unsplash
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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