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Bullish Case: Upcoming regulatory shifts, particularly in states like Florida, combined with increasing societal acceptance could spur demand, potentially driving WEED’s price upwards, despite current struggles.

Bearish Case: Persistent economic instability and regulatory uncertainties could hinder growth for WEED, maintaining downward pressure on prices in the near term, reflected in high implied volatility.

Potential Outcomes:

1. Favorable regulation boosts WEED growth (40%).

2. Economic instability constrains performance (35%).

3. Increased CBD demand drives consumer interest (15%).

4. Unexpected market shocks trigger declines (10%).

Trading Oracle: Consider initiating a bullish call debit spread using the 30-32 strike range, capitalizing on high implied volatility to leverage potential upward movement while hedging against downside risk. Updates in legislative progress could provide necessary catalyst. Aim for a 2-3 month horizon to capture volatility spikes post-regulatory events.

September 07, 2024