Juggles-R-Us

Cannabis digests a slew of news.

Daily Recap

Justices on Florida’s conservative-leaning Supreme Court appeared to favor a ballot initiative to legalize recreational marijuana, pushing back against the arguments that the initiative hides information from potential voters. The Court has until April 1st to make a decision otherwise the fate of Sunshine State cannabis will be in the hands of the voters, where polling is currently tickling the 60% threshold for success.

Ohio voters decided Tuesday to legalize adult-use cannabis by a 14-point margin but the General Assembly will have the last word on what becomes law regarding Issue 2 and cannabis use in the long-term. Those talks have already started and we’ll take a closer look at some of the potential discussion items.

Month-over-month legal cannabis sales in Maryland fell slightly in October but the sales of adult-use products, which began in July, were stronger than ever. Licensed retailers sold $90M+ in combined medical and retail cannabis products in October; about a third ($35 million, or 39%) came from medical while adult-use tallied $55M.

Nearly 100,000 marijuana convictions have been expunged from government records of Missouri residents as part of a constitutional amendment state voters approved a year ago. Misdemeanor marijuana convictions were supposed to be expunged by June and most felony convictions are scheduled to be expunged by December.

Market Stuff

The U.S. cannabis earnings earnings avalanche continues as we digest the Q3 reports and conference calls from Verano, Green Thumb and Trulieve and tonight’s double-header of Curaleaf and TerrAscend. We’ll dig into all of those particulars below, talk through the news—and more importantly, the reaction to the news—as we take stock of a cacophony of crosscurrents.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $50M

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