Monday, July 17, 2017

THE QUESTIONS OF THE DAY.

As we see additional states legalizing the recreational use of marijuana, the following question comes to mind.

When will Cannabis futures be traded on the Chicago Merchantile Exchange as an agricultural commodity along with corn, soy beans, pork bellies, canners, and cutters?

What will be the unit of measure--pound, hundred weight, or bushel?

I will not be in the market to purchase and trade Cannabis futures and options. I suspect a bullish high will precede a bearish low with all paper profits going up in smoke, as it were.

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