Browsed by
Tag: biggest

Mexico is poised to become the biggest legal marijuana market in the world. Who will most benefit?

Mexico is poised to become the biggest legal marijuana market in the world. Who will most benefit?

Mexico’s marijuana revolution is on display steps from the nation’s Senate, where for the last nine months activists have maintained a fragrant cannabis garden.



a close up of a person holding an object in his hand: An activist smokes marijuana at a protest encampment outside Mexico's Senate building. (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)


© (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)
An activist smokes marijuana at a protest encampment outside Mexico’s Senate building. (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)

Each day, hundreds of people stroll amid a labyrinth of towering green plants, freely lighting joints and getting high.

Their wafting smoke is meant to serve as a reminder to senators, who have to walk through the plumes to get to work. Lawmakers have until Dec. 15 to pass pot legislation under orders from the Supreme Court, which two years ago struck down a marijuana ban as unconstitutional.

After decades of restrictive drug policies that fueled deadly cartel wars, Mexico is poised to become the biggest legal cannabis market in the world.



a group of people in a garden: Mexico's marijuana revolution is on display steps from the nation's Senate, where for the last nine months activists have maintained a fragrant cannabis garden. (Kate Linthicum / Los Angeles Times)


© (Kate Linthicum / Los Angeles Times)
Mexico’s marijuana revolution is on display steps from the nation’s Senate, where for the last nine months activists have maintained a fragrant cannabis garden. (Kate Linthicum / Los Angeles Times)

The looming deadline has intensified debate over exactly what legalization should look like and whom it should benefit. Among the questions dogging lawmakers: How easy or difficult should it be for users to buy and consume pot? And should the estimated 200,000 families growing it now be protected from competition with the large, foreign marijuana firms that have been jockeying for influence?

“You have a broad spectrum of people who want to be involved,” said Avis Bulbulyan, a Glendale-based consultant who has advised several U.S. weed companies looking to expand to Mexico. “The question becomes: ‘Who gets to profit off this?'”

A bill that would allow private companies to sell

Read the rest
What Is the Biggest Financial Regret Since the Pandemic?

What Is the Biggest Financial Regret Since the Pandemic?

The COVID-19 pandemic has affected the markets and economy like few single events in recent history. Everything changed after the pandemic hit — markets turned from bull to bear, entire industries were obliterated, millions of jobs were lost, and the U.S. plunged into recession. Of course, that all takes a backseat to the devastating health effects and tragic loss of life it has caused.

It came upon Americans so fast and so furiously that few had time to process the financial implications. But roughly six months later, people have had time to reflect, and there is one major regret. A new survey by Allianz revealed that 52% of Americans regret not having more of their savings protected from market loss.

Woman pulling up shirt collar over her face

Image source: Getty Images.

While the market did bounce back and recover all of the losses within the next six months, the U.S. remains in a recession and there are concerns about a tech bubble or another crash. Investors who are concerned about more volatility in these uncertain times should take this opportunity to review their portfolios, while keeping one key point: that markets have always bounced back to produce strong performance in the long run.

Long-term, the numbers are on your side

The type of volatility we saw this past spring is a hard thing to stomach for many investors watching their portfolios drop 30%, 40%, 50%, or more in the span of weeks. But it provided a great example of why it is so important to ignore short-term fluctuations and stay focused on the long term. From the low on March 23, the S&P 500 has gained back all of its losses and then some — as it’s now up about 6% year to date. If you sold out of some stocks or investments at the bottom, you

Read the rest
Gridlock over new stimulus measures is the biggest catalyst for market volatility right now, a chief strategist says

Gridlock over new stimulus measures is the biggest catalyst for market volatility right now, a chief strategist says

Pelosi Mnuchin
  • The lack of progress in reaching an agreement on US fiscal stimulus is the biggest “catalyst” of market volatility for stocks right now, National Securities’ chief market strategist Art Hogan told CNBC Wednesday. 
  • He said: “The No. 1 catalyst in this market causing the most volatility is the path of fiscal policy and whether we can get that out of the Beltway.” 
  • Hogan said markets are less concerned about the US election result. 
  • US president Donald Trump signaled an end to stimulus talks this week, but later called for a standalone bill to help the airline industry. 
  • Visit Business Insider’s homepage for more stories.

The gridlock in Washington DC between US lawmakers over a new economic stimulus package is the biggest catalyst for market volatility, rather than the upcoming election, National Securities’ chief market strategist Art Hogan told CNBC’s “Trading Nation” Wednesday. 

“The number one catalyst in this market causing the most volatility is the path of fiscal policy and whether we can get that out of the Beltway,” Hogan said. “We need more fiscal policy stimulus. We’ve heard that from the Fed. We’ve certainly heard that from economists.” 

US president Donald Trump ended talks between Democrats and Republicans until after the election on Tuesday. He later urged lawmakers to approve $1,200 stimulus checks for American taxpayers, small business aid, and direct assistance to airlines to prevent layoffs.

Democrats and Republicans have been stuck in a stalemate over the size of the next fiscal plan since July, although House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have signaled that they have made some progress in recent days.

But even though a full fledged fiscal plan is unlikely before the US election, markets watchers have been welcoming the prospects for a standalone bill for

Read the rest