From a TA perspective I'm sure it looks all rose-coloured, but from an AG industry perspective, this announcement means nothing and it doesn't change anything to the CLI fundamentals. Sure, traders can make some money with this volatility - but long term, investors will only lose out with this strategy. Hemp is not all as easy as it's hyped up to be and definitely not the 'easy saviour' for CLI. See https://www.abc.net.au/radio/programs/tas-country-hour/cannharvest-problem/10945104for example on some Hemp news closer to home...
CLI Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held