B-Rabbit

U.S. canna tries to flip the script.

Daily Recap

A majority of American likely voters, including most Republicans under the age of 55, support legalizing marijuana “in all 50 states,” according to a new GOP poll.

The survey found that 57% of respondents favor nationwide cannabis legalization, including 35% who said they “strongly” support the policy change.

Virginia Ham-mering

A Senate proposal to legalize commercial sales of marijuana in Virginia has passed a key hurdle, clearing the Committee on Rehabilitation and Social Services in a 10–5 vote this morning. The bill needs to advance through additional committees in the coming weeks in order to stay alive in the current session.

Quaker State

Five out of six of Pennsylvania’s neighboring states are now 420-friendly. While the Keystone State has had an MMJ program since 2016, there’s a new push in the state legislature to advance adult-use.

“Legal access to cannabis for adults 21 and over helps diminish the illicit market while prioritizing consumer safety, capturing tax revenue, encouraging job creation and investment while correcting the harms caused by the failed war on drugs,”

[OH is green, FL has a path + PA could = a swing-state trifecta in an election year]

Low Riders

Sen. Cory Booker (D-NJ) and Rep. Eleanor Holmes Norton (D-DC) are reintroducing a bill to allow people living in federally assisted housing to use marijuana in compliance with state law without fear of losing their homes.

Interestingly, despite the fact that these homes were financed with federal funds, Sen. Booker currently has no plans to lay himself or others down to facilitate this.

Stocks & Stuff

It was more of the same in Cannaland today as the space was doornail dead until late day agendas emerged from wire-to-wire. The U.S. cannabis ETF MSOS finished off a bit more than 1%—but finished the week +8% and is +30% three weeks into the year.

Below, we’ll check on fundamental exposure to various catalysts—who has the biggest bang for their 280E buck, who has the most torque in Florida, Pennsylvania and Ohio, that sorta stuff—as we wind down another wild week in the industry.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $110M ($58M)

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