Dead Wait

There's no patience in purgatory.

Daily Recap

Vice President Kamala Harris positioned herself as a pro-cannabis candidate in an interview on the podcast All the Smoke earlier this week but industry leaders aren’t convinced her administration will prioritize the reform that she promised.

“I am encouraged by VP Harris’s support for cannabis legalization; however, we need real action, not just rhetoric,” said Jason Wild, executive chairman of TerrAscend, on behalf of a states-legal industry tired of being vilified by the federal government.

Nine of ten Americans support cannabis (Pew) and the war on drugs is in the process of being exposed for what it was: the weaponization of a plant for political purposes.

Unsurprisingly, it has also emerged as one of the only policy issues that both parties can agree on, as this latest media spot from way down south highlighted this AM 👇

Booze Clues

A top federal drug official says marijuana businesses have learned “lessons” from the alcohol and tobacco industries to market their products. The demo seeing the most rapid increase in usage rates are elderly people, who are “targeted” with messaging about the therapeutic benefits of cannabis, she says.

Razor’s Back

Just one day after Arkansas’s top elections official deemed that a medical marijuana legalization expansion initiative has “insufficient” signatures, the campaign behind that reform proposal filed a lawsuit with the state Supreme Court contesting that determination.

Stocks & Stuff

It was whisper-thin in Cannaland as the 24 underlying stocks in MSOS traded a total $6M notional (41% of which was Trulieve) atop the $47M notional in the ETF itself.

The total tally? A Blutarski, both for the session and as it so happens, YTD.

Below, we’ll dive deeper into the 2024 U.S. Cannabis Facts Aren’t Insults tour to better understand the disconnect between perception and reality and share a quick and nifty five-step guide to Florida cannabis ahead of the big vote in 34 days.

All that and more, just scroll down.

note: there will be no Canna Confidential in observance of Rosh Hashana and I will be writing from Chicago and Reno next week, as able. Shana Tova to those who observe.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ ETF Notional:

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