Triggered!

Emotions run high as patience wears thin.

Daily Recap

Congressional researchers acknowledged that the lack of banking access for state-legal marijuana businesses leads them to be “heavily reliant on cash transactions, making them a target for theft.”

They noted that the Senate Banking Committee passed the SAFER Banking Act last September but the measure is still pending action on the floor. Earlier versions have cleared the House in some form at least seven times in recent sessions.

Let the Sun Shine

Florida—pending their Supreme Court decision and a successful ballot initiative in the Fall— would become the third state in the U.S. to impose a market-wide potency cap on adult-use cannabis if a Senate proposal advanced on Tuesday becomes law.

The Sunshine State is currently the country’s biggest medical marijuana market.

F*ck Cancer

A cannabis extract has shown positive results in slowing down melanoma cell growth and increasing cell death rates, a new in-vitro study finds.

Researchers from Charles Darwin University and RMIT investigated programmed cell death caused by a specific cannabis extract (PHEC-66) from the cannabis sativa plant.

Stress Stocks & Stuff

It was a tenuous session in Cannaland as early weakness triggered fresh PTSD for already anxious investors . U.S. cannabis, which is off to a scorching start to 2024, continues to probe levels as it works-off short-term overbought conditions.

Below, we’ll chew through today’s price action, look through a few technical lenses, go deeper on the massive Pennsylvania opportunity, take a fresh breath of AYR and make every conceivable effort to keep our heads, while those around us are losing theirs.

All that and more, just scroll down.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $176M ($88M)

Top Stories