Around the Horn

Taking stock of canna stocks.

Daily Recap

V.P. Kamala Harris said that part of the reason for the delay in her administration’s marijuana rescheduling effort is the federal bureaucracy that “slows things down,” including at the Drug Enforcement Administration.

“My pledge is, as president, I will work on decriminalizing it, because I know exactly how those laws have been used to disproportionately impact certain populations.”

Nature’s Medicine

The National Cancer Institute is acknowledging that between 20-40% of people being treated for cancer are using canna products to manage side effects from the condition and associated treatment, such as nausea, pain, sleeplessness, anxiety, and stress.

Night Court

The U.S. Supreme Court heard oral arguments from a trucker who sued a cannabis co. after he was fired over a positive THC test he says was caused by consuming a hemp-derived CBD product. Justices zeroed in on how the worker was harmed and whether his losses qualify for triple damages under federal law.

Bank Shot

The governor of Delaware signed a bill to enact state-level protections for banks that provide services to licensed marijuana businesses. The measure is designed to clarify that banks, credit unions, armored car services and accounting services are not subject to state-level prosecution simply for working with cannabis businesses.

Stocks & Stuff

Canna stocks edged higher ahead of the upcoming elections and the Florida vote, with U.S. cannabis ETF MSOS adding 2% in light trading.

Below, we’ll top-line the landscape, chew through why a snapshot of our four primary equity metrics are vulnerable—and what it’ll take to flip that script—and dig deeper on Florida, banking, political betting odds and the timing of leadership changes in D.C.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ ETF Notional: $51M