Green Means Go!

Multistate Operators enter New York.

Daily Recap

More than three months after the news leaked that HSS was recommending that marijuana be moved to Schedule III under the federal CSA, the agency has finally released a tranche of documents related to its recommendation.

While most of the information was redacted, the documents noted that new scientific information emerged after an earlier denial of a rescheduling petition a few years ago, which the HHS suggests might now necessitate rescheduling cannabis.

“The current review is largely focused on modern scientific considerations on whether marijuana has a currently accepted medical use… in the years since the 2015 HHS evaluation under the CSA’s eight-factor analysis.”

Bright Lights, Big City

New York marijuana regulators on Friday gave the formal thumbs up to six of the state’s 10 licensed medical marijuana companies, most of which are large multistate operators, to begin adult-use cannabis sales on Dec. 29th.

“As NY works to turn the tide in shutting down the illicit market, the most effective tool to do so is with a robust legal market where New Yorkers can securely purchase safe, tested, and well-regulated cannabis products and that is what this ratified agreement ensures.”

Georgia Peach

During a Senate hearing, Sen. Raphael Warnock (D-GA) pressed the CEOs of major financial institutions on their commitments to cannabis banking and social equity.

Warnock said he’s willing to support the removal of barriers to cannabis banking but wants to ensure it doesn’t obscure the need for justice after decades of prohibition.

“I want to be clear that I am open to SAFER Banking and more regulatory clarity around cannabis, but my fear is that if we pass this bill now, your banks and other powerful voices will be MIA when it comes time to address the broader harms of the war on drugs.”

Stocks & Stuff

It was another quiet, digestive and contemplative session in Cannaland as investors positioned for year-end and the space vacillated on light volume. U.S. cannabis ETF MSOS finished 1.5% lower on the session but still added 7.5% for the week.

Below, we’ll host a lightning round on all things canna before lookin’ pa nub, diving deeper into New York + Ohio, and spying some reverse dandruff in a top operator.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $56M

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