Show Me!

Canna investors wanna see real movement.

Daily Recap

The new Thai government introduced a bill to amend current cannabis legislation in order to ban the recreational use of cannabis after they said that decriminalization has led to an overabundance of cannabis shops across the country.

If the government agrees to the principles of the proposed legislation, it will then be submitted to the Lower House for review.

Take Me Home…

West Virginia’s Republican Senate president says that legalizing marijuana could help ease the state’s crush of fatal fentanyl overdoses, predicting that the policy change will come “sooner than later” but probably not in the new legislative session.

“My gut tells me it might not happen this year but you’re going to see it sooner than later, because that is a way to combat the issue.”

Country Road

A new study aimed at comparing medical marijuana and opioids for chronic non-cancer pain found that cannabis “may be similarly effective and result in fewer discontinuations than opioids,” potentially offering comparable relief with a lower likelihood of adverse effects.

“Our findings suggest that both opioids and cannabis for medical use may provide benefits for a minority of chronic pain patients. Furthermore, cannabis doesn’t cause respiratory depression which can result from opioids and lead to a fatal overdose.”

Australian Rules

54% of Australian voters are in favor of decriminalizing cannabis and 50% support legalizing cannabis plants for personal home grow, per a December poll that shows just how quickly the anti-canna crowd is aging out down under.

Markets

Tilray earnings (U.S beer + non-U.S canna) and a $30M private placement by Canopy Growth (non-U.S canna) set a tenuous early tone in Cannaland today.

U.S names, after last week’s spirited sprint and yesterday’s deserved digestion, spent most of the day drifting lower on light volume before a late-day and out-loud buyer emerged to steady the session.

Below, we’ll talk through today’s action + flow, offer a few random thoughts and chew through potential vehicles ahead of what promises to be a wild year for the space.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $55M

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