Cresco Labs Inc. CRLBF
Nov 12, 2026, 10:54 AM EST
- YTD
- -59.35%
- 1 year
- -56.90%
Discussion (19)
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Cannabis Freedom Alliance and Schumer are dreaming if they think they are going to get full legalization. IMO we are going to get Safe banking, decriminalized weed, and possibly the ability to uplist this year if we are lucky.
I live in Canada, when it legalized the black market shrank, contrary to popular belief. The ambitious smokers either grow and gift it to friends and family and the lazy people buy from the stores. For decent flower you can pay as low as $6 per gram instore, which is in fact lower than street value of $10 per gram. Don’t be deterred by the bears, they just want your shares.
Patience is key in this, we are still at the ground floor in this industry. Look at all the major MSOs, they all have a 1-5% institutional backing, which is small. This means that WHEN they uplist, a lot of the outstanding shares will be eaten up by the large institutions and they will become less and less volatile and the share price will be driven upwards. Be patient, this industry isn’t going anywhere and will grow.
Hey RJ person...to answer your question...RJ Reynolds and Altria (formerly Philip Morris) already have their paws in the game, there is no bigger fish than them. They are just laying low,hiding out waiting for legalization and then they will leap out and dominate the market. Canada is a fish out of water once the big dogs come out.
The great thing about weed stocks is both dumb and smart money like investing it. Plus, industry cant, so its ppl lead (although industry would accelerate growth 100x). Basically pays triple in taxes just to operate $CRLBF