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Mambo No. 9

Mambo No. 9

Legislators dance around an agreement.

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Todd Harrison
Jul 21, 2023
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Daily Recap

A coalition of state marijuana associations is imploring Senate leaders to pass the bipartisan cannabis banking bill “without further delay,” citing violent dispensary robberies in Washington, Oregon, Michigan and Oklahoma. A report released late yesterday suggests, well, further delay.

White House officials met with the top senate Democrat from Wisconsin, where she discussed cannabis reform and the ongoing scheduling review. Senate Minority Leader Melissa Agard (D) said, “we talked about a number of things—but certainly everywhere I go, I bring up cannabis policy.” (same)

NY Republicans want to ban canna use in public (NY Fun Police); Cannabis can now be sold at NY Festivals + Farmers Markets; marijuana legalization laws took effect in Luxembourg, now the second legal country in the EU (Malta, ‘21); a congressional committee is pressing the FDA on CBD regulations; two MSO’s are goin’ toe-to-toe; Canadian canna sales have upticked; and we look for the big reveal of co-sponsor #9.

All that and more, below…

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $30M

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