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# POTX: Cannabis Stocks Are Not Yet Ready To Get High (Archive)
- URL: https://www.huntingalphas.com/potx-potx-cannabis-stocks-are-not-yet-ready-to-get-high-archive/
- Published: 2023-01-04T07:31:00.000Z
- Updated: 2026-02-26T17:08:26.000Z
- Description: Cannabis headwinds keep POTX in bearish flow despite the sector’s long-term potential.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ETF, POTX

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Cannabis banking legislation gets excluded from the omnibus spending bill.
- Profitability and debt levels of companies in the cannabis sector along government regulations are key monitorables for this ETF.
- My technical analysis framework based on Trend Flow, Support/Resistance Location, and False Breakout Traps suggests that POTX is in bearish flow, but without bull-trap signs.

Read the full article [here](https://seekingalpha.com/article/4567288-potx-cannabis-stocks-are-not-yet-ready-to-get-high-technical-analysis?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*