Friday marked a pivotal moment for cannabis stocks as anticipation builds around the potential announcement the sector has been waiting for. On Friday, speculation steadily increased when CNBC and several other major news outlets are now pointing to Monday as the likely day for a meaningful announcement, and traders clearly positioned themselves ahead of that possibility.
The surge in activity was unmistakable. MSOX posted record weekly volume, a clear sign that participation and interest spiked dramatically. TLRY and CGC also saw massive weekly volume with huge gains. This same pattern played out across much of the cannabis space, where the majority of weekly volume for many names occurred in a single session. When volume compresses into one day like that, it often signals urgency, either aggressive positioning or last minute repositioning ahead of a potential catalyst.
Whether the news ultimately meets expectations or not, the price and volume behavior itself is important. Sustained volume is often a prerequisite for meaningful trend changes, and the cannabis industry has been starved of positive momentum for years. After being held back by regulatory uncertainty for far too long, the sector may finally be approaching a major inflection point. With participation returning in force, the coming week could prove to be one of the most important periods cannabis stocks have seen in quite some time.
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