Truth and Consequences

Cannabis investors looks for answers.

Daily Recap

If/ when the DEA moves cannabis to Schedule III, experts say that change would not only have implications at the federal level but could also trigger legal adjustments in states. The ripple would impact politics, criminal justice and MMJ + other issues.

Terrapin Station

Sales of adult-use cannabis in Maryland totaled nearly $56M in November, setting yet another record for monthly commercial activity since the recreational market opened in July. Overall legal canna sales totaled $90M, including $34M in MMJ receipts, and the Old Line State is on pace for $1.1B in sales next year.

It’s Not Luck

Connecticut set a new record in November, with $26M in total cannabis sales for the month, and state-licensed retailers have reported nearly a quarter of a billion dollars worth of total cannabis sales thus far in 2023.

Stocks & Stuff

It was another volatile day in Cannaland as the bulls pulled themselves together and defended an important level. This has been some sorta week and we’ll continue our intel-gathering mission in the space that follows.

Additionally, one of the street’s top analysts shares his forecast on federal movement, top themes, picks and forward growth, and we’ll dive deeper into why IRC 280E will change the game for an industry that is just looking for an even playing field.

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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