Home Stretch

Candidates embrace canna into election.

Daily Recap

Legalizing marijuana is one of the top items on Vice President Kamala Harris’s “to-do list” if she wins the presidential election next month, the Democratic nominee says.

Harris shared a list of 14 priorities on X, placing cannabis reform alongside other major initiatives such as enhancing border security, preserving reproductive rights, expanding healthcare, investing in clean energy and more.

Déjà Zoo

Minnesota Gov. Tim Walz, the Democratic vice-presidential nominee, says cannabis legalization must be coupled with policies that give those disproportionately targeted by criminalization “the first shot to make money” in the legal cannabis industry.

Governor Walz, New York is on line one.

Hank Schrader’s Revenge

Eight licensed marijuana companies in New Mexico claimed in a federal lawsuit that Border Patrol agents violated their constitutional rights when they seized more than $1M of “state-legal canna products, cash, and other property” at interior checkpoints.

The lawsuit was filed against the U.S. Department of Homeland Security and the U.S. Customs and Border Protection Agency. The suit claims violations of due process and demands a jury trial and an order that federal authorities return all seized property or its “equivalent wholesale/retail value.”

Throw the Flag!

Florida is using millions of dollars in settlement money from opioid manufacturers and distributors on an ad campaign against marijuana, according to state records.

The state Department of Children and Families last month spent $4 million to pay a marketing agency for an “advertising campaign aimed at educating Floridian families and youth about the dangers of marijuana, opioid, and drug use.”

Stocks & Stuff

Cannabis stocks edged higher in quiet trading today as we count down the days until the beginning of the catalyst calendar and digest the state of our union. U.S. canna ETF MSOS finished the session 2% and 6% for the week (8% YTD).

Below, we’ll top-line the landscape, look at the risks and rewards on both sides of the aisle, and share several some random thoughts into the weekend.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ ETF Notional: $47M

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