Setting the Table

U.S. cannabis investors are hungry to eat.

Daily Recap

Government officials from multiple countries, including the U.S., met in Germany today to discuss international marijuana policy issues as the host nation works to enact legalization.

The primary focus? To establish a global policy framework and give participants an opportunity to share their learnings as they position for the future.

“The old answers in cannabis policy are no longer effective. As in many other countries, more and more people in Germany have consumed cannabis despite bans and the illicit market has led to serious health problems. We, in Germany, will focus on consistent regulation… and youth and health protection.

Buck Melanoma

Ohio’s Senate president said that he is working with bipartisan lawmakers in both chambers to quickly develop and pass legislation to revise the state’s voter-approved marijuana legalization law before key provisions take effect next month, arguing it’s what “the public generally wants” bc voters ain’t all that smart (I’m paraphrasing).

Rob Moore of Scioto Analysis responded via Marijuana Moment, where he offered that reallocating money away from job training and substance abuse treatment and toward police efforts and jail construction would reduce the economic efficiency of marijuana legalization.

“Changing the use of these funds could potentially impact the economic efficiency of recreational marijuana legalization.”

Virginia Slims

Incoming Democratic majorities in Virginia’s House and Senate bring renewed hope to revive plans to legalize recreational pot sales in Virginia. This comes more than two years after recreational marijuana was legalized in the state but Governor Glenn Youngkin (R) took office and Republicans won control of the House in 2022, harshing mellows across the Mother of States.

Cheese Whiz

Wisconsin’s top Senate Democrat is asking the public to put pressure on the state’s Republican controlled legislature to hold a hearing on her bill to legalize cannabis.

“We know legalization is a popular policy in Wisconsin yet Republican legislators in the Capitol refuse to even schedule a public hearing for my bill. Republicans cannot continue to ignore the will of the people and they need to hear the voices of Wisconsinites!”

Hurry Up and Wait

It was another quiet session in Cannaland as we ready for Green Wednesday ahead of our Thursday’s feast. A late-session spurt helped U.S. cannabis ETF MSOS finish 3% higher on light volume as the sector awaits word on the next steps for federal reform.

Below, we’ll review the good, the bad and the ugly in what’s driving U.S. canna stocks, touch-in with TerrAscend management, check on a few charts, recap remaining post-earnings analyst notes and look for beta into year-end.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $40M

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