Deep State Dilemma

Trump has the opportunity to right history.

Daily Recap

It seems that economic vulnerability has arrived—but can legal cannabis help states navigate that economic uncertainty? Marijuana legalization has already emerged as a powerful economic tool, one that fosters job creation, generates a significant sum of tax revenue, and stimulates local economies.

Legalization also reduces the financial burden of enforcing cannabis prohibition. The U.S. spends approximately $7.7 billion annually on drug enforcement. By redirecting these funds toward education, regulation, and community support programs, states can achieve both economic savings and social equity.

Busted

Longstanding suspicions that the DEA is adamantly opposed to rescheduling cannabis were confirmed by agency decisions made public during an ongoing lawsuit, or that’s the allegation made in federal court filing by a group of doctors who were shut out of the rescheduling process, per Chris Roberts at MJBizDaily.

According to DEA documents made public as part of a lawsuit brought by DDPR, the federal drug agency considered 163 applicants, chose only 25 based on still-unknown criteria, rejected participation from New York and Colorado officials, which supported rescheduling, and attempted to aid almost a dozen prohibitionists.

The new disclosure of the DEA’s actions during the rescheduling process “confirmed what we thought,” said Dr. Bryon Adinoff, a Colorado-based addiction psychiatrist and president of DDPR. One of our objectives was to determine if the DEA’s process “was fixed,” he said, “and it appears to be.”

Sugar Shane Pennington dug deeper into this topic on TDR last night 👇

Penn’s State

A Republican Pennsylvania senator is defending his push to legalize and regulate cannabis, calling it “the most conservative stance” on the issue. Sen. Dan Laughlin (R) believes that his efforts to end prohibition in the state would be achieved through a forthcoming bill that he’s sponsoring alongside Sen. Sharif Street (D).

Laughlin said that expanding the state’s current medical marijuana law to allow for regulated adult-use sales “is simply kind of wrapping the paperwork up, if you will.”

Stocks & Stuff

It was another quiet riot in Cannaland as the space waffled in thin trading. U.S canna ETF MSOS was flat, almost to the penny, as a tough first quarter continues.

Below, we’ll top-line today, look behind the headlines, unwrap some of the infighting, monitor the movement in D.C., finger stocks that avoided sale-leasebacks, offer up the chart of the day, and clear the decks ahead of Cresco’s earnings tomorrow morning.

All that and more, just scroll down.

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

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