Stoned Homes

Cannabis is good for you(r home value).

Daily Recap

Nine of the ten states with the fastest-growing home values have embraced cannabis legalization, either recreationally or medicinally, while nine of the ten slowest-growing states have not legalized adult-use.

Of the ten states with the highest home value increases since 2009 all but one, Idaho, legalized cannabis: California ($493K since 2009), Hawaii ($446K), Washington ($342K), Massachusetts ($340K), Colorado ($337K), Utah ($320K), Idaho ($300K), Nevada ($296K), Oregon ($276K) and New Hampshire ($273K)

Nine of the ten states with the lowest home value growth the past 15 years haven’t legalized adult-use canna, with Illinois being the only legal state on the list: Louisiana ($47K), West Virginia ($67K), Mississippi ($69K), Arkansas ($95K), Oklahoma ($100K), Iowa ($103K), Alabama ($103K), Illinois ($104K), Kentucky ($106K), N. Dakota ($108K).

MC Hammer

One of the country’s best-known hemp companies has accused state North Carolina Rep. John Bell of using his “power and influence” to coerce it into paying his business about $1.6 million after a partnership went south.

Texas-based MC Nutraceuticals’ federal lawsuit, filed in the Eastern District of North Carolina, offers little evidence to support the allegations but serves to illuminate the ultracompetitive, fast-growing, and often chaotic hemp industry—and the intricate political webs that businesses are weaving to stay ahead of regulators.

There Was One?

Ahead of a special legislative session in Texas next week, a lawmaker pre-filed a new bill that would protect consumers from criminal charges if what they believed was a legal hemp product turned out to be… cannabis.

In order for the person to obtain the legal protection, the product would need to have been purchased “from a retailer the person reasonably believed was authorized to sell a consumable hemp product.”

Flower Power

Pure Sunfarms, a wholly owned subsidiary of Village Farms International, published a groundbreaking peer-reviewed research paper highlighting the natural variability of THC potency within cannabis plants and reinforcing the need for more transparent and accurate labeling across the industry.

“Cannabis is an agricultural product. It’s alive, variable, and just like any crop, it is influenced by its environment. Expecting one statistic like a fixed THC percentage to define it is both unrealistic and misleading.

Our research reinforces what growers have always known: potency varies, and it’s our goal to bring scientific rigor to an industry ready to move beyond potency as the sole measure of quality.”

Orville Bovenschen, president of Village Farms Canadian Cannabis.

Stocks & Stuff

It was a mixed bag on Wall Street as Turnaround Tuesday tossed the industrials while taking tech. Yields crept higher with the dollar, and bitcoin finally took a breather.

After a stellar showing last week, Cannaland followed through on yesterday’s sell-off as some of the MAGA-influenced euphoria faded and the Cali headlines continued.

U.S. cannabis ETF MSOS finished the session -8% and is now -31% YTD.

Below, we’ll top-line the latest, check on DC progress, ask some important questions—and posit possible answers—continue to chew through the Glass House saga, and get some real deal investigative insight from one of the best in the business.

All that and more, just scroll down… right after this exchange bw Lukas Nelson and Joe Rogan. 👇

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ ETF Notional: $33M

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