Revenge of the Nerds

Technical levels are shaping the tape.

Daily Recap

Ohio lawmakers won’t be amending the state’s voter-approved cannabis law this year despite a Republican-led push to expedite changes. The Senate passed a bill to make changes and a House committee held a series of hearings on a different proposal but they won’t be sending reform to the governor until after the holidays, at the soonest.

New York Minute

A top New York cannabis regulator says she expects the state will open a dozen new marijuana shops before the end of the year now that the court-imposed blockade on processing licenses has been lifted.

Those dispensaries will be located in the Bronx, Manhattan and Brooklyn but that’s just the beginning of a licensing wave that’s expected to continue into the new year.

The Keystoner State

Pennsylvania’s legislature sent a bill to the governor’s desk that would allow more of the state’s medical marijuana growers and processors to act as retailers and let more of the state’s retailers grow and process cannabis.

Sorry Charlie S.A.M

Teen marijuana use has not increased even as state legalization has proliferated across the country, a federal health official said while announcing the latest data from an annual survey that again showed how outdated prohibitionist concerns about youth cannabis access have “not played out.”

Stocks & Stuff

It was another rollercoaster in Cannaland as our asset class searches for a place at the American table. We’ll dig into the daily nuances, see what option markets are telling us, take the pulse of the technical toggle, and walk through several year-end scenarios.

We’ll also explore the catalyst states for U.S. operators, as well as margin trends and revenue growth expectations for each of the leading operators in the space. With two weeks left in ‘23, we’ll do our best to help you make more informed financial decisions.

All that and more, just scroll down.

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SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $51M

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