December Cometh

U.S. canna bulls look for happier holidays

Daily Recap

Industry stakeholders at MJBizCon expressed optimism the Biden administration will reschedule cannabis as a less dangerous drug in the months ahead, a move that would allow cannabis businesses to escape the steep taxes levied under IRC Section 280E.

Florida Keys

The results of a UNF poll found that 62% of registered voters would vote “yes” to a proposal that prevents state law from limiting abortion access (29% no, 9% unsure).

When it comes to legalizing the personal use of recreational cannabis, 67% of those polled said “yes,” 28% said “no” and 5% evidently forgot to respond.

Both ballot proposals are opposed by State Attorney General Ashley Moody.

Achtung Baby!

The German coalition government is finalizing details for their long-awaited cannabis legalization, including dates for cultivation and the establishment of cannabis clubs.

The so-called Traffic Light coalition, made of the Social Democratic Party, the Free Democratic Party, and The Greens, has finally reached an agreement on establishing the rules for the regulation of cannabis in Germany.

Woo Pig Soooie

Arkansas MMJ patients have spent more than $1B since the program began in 2019, the state Department of Finance and Administration said this week. At the end of last month, total sales had reached $988M and with an estimated $772,000 in sales per day, The Natural State has now surpassed the billion-dollar threshold.

Motion Sickness

With so many industry stakeholders working from Las Vegas this week, $35M notional plant-touching volume crossed the tape today in some of the lightest volume since the summer and U.S. canna ETF MSOS finished the session with small gains.

Despite the lack of motion, there’s been meaningful industry movement this year, all of which is setting up for an election-year run to remember. We look back as we peer ahead, review performance outliers, and dig a bit deeper on yesterday’s insider sales.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $35M

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