U.S Cannabis: He Shoots, He...
2021 comes to a close as an industry looks forward.
It’s the holiday season! Time for family and friends and all sorts of…
What—did you have a tough year? Was it not all you expected? Were you wanting for more? Get in line buster; there are a lot of people sorting through a lot of things that are far thornier than profits or loss so ‘tis the season for some thoughtful perspective.
We’ve said for the better part of the year that the script is the script is the script and that script entailed #SAFEBanking + social / criminal justice provisions and we were right there. In fact, most people have no idea how close we got… well, until now.
As discussed last week, Nancy Mace (R-SC) laid down brilliant political cover fire; a freshman, some scoffed, but not your average frosh. The first woman to graduate the Cadets program at The Citadel; the first Republican woman to be elected to Congress from South Carolina. And while I don’t agree w all her politics, there’s enough there for this registered independent to applaud her continued service. Thx Nan!
Then there was the letters… the oodles and oodles of letters by hundreds of millions of voters as represented by so many trade groups and labor unions it would exhaust the remainder of my substack data limit. (all in the link above)
And YOU; the calls to Schumer / Booker, the petitions that raced around the internet from every corner of the country. The passion / purpose of this community was felt in what was described as an “unprecedented” amount of support around a single issue.
And of course, we got the chaser, courtesy of Dave Joyce (R-OH) and AOC (D-NY): a pathway to pardons, which arrived late last week as an option for Cory Booker to stay true to his word that he would get all of these people out of prison before federal and functional banking for state-legal cannabis operations is passed.
[super-thorny issue as people are dying IRL + no banking hurts social justice > MSOs]
But all of this is pre-game. Garnish, really; for the man w the plan. The MVP. The…
…Democrat from Colorado, Ed Perlmutter. While the rest of us here hitting refresh / checking our phones—OK, freaking the fuck out—as the dread spread that SAFE was dead (someone got a wink Monday w $MSOS -8%) Big Ed was sharp as a razer’s edge, almost demanding that the U.S Senate vote be counted on SAFE banking.
And while the Pearl had the backing of his peeps (bc the world is his oyster?)…
…something happened when Nancy Pelosi spoke to our Greatest American Hero.
We may never know what was said on that call but the tone / tenor of the House Rules Committee webcast suggested that whatever horse-trade was made had limited shelf-life, as in, “ok this time—but not the next.” (← me interpreting)
And while I know that everyone was super-triggered by what just happened in D.C. something tells me that change is afoot and with the whole world watching…
…my money is on the men and women who are already in the arena to bring it home.
Because at the end of the day and the end of our lives, we all hope to leave the world a better place for our children and perhaps even a positive legacy that others remember.
A few lucky ones will also sit on the right side of history and etch their names into the school books of the future for their tireless efforts to repeal the second prohibition.
Weldon Angelos secured his spot. Amber Littlejohn too. Brady Cobb and Jeff Schultz are making a massive push, busting hump day and night while nobody watches.
And there are so many others who are still locked up, so many people I don’t know or who toil anonymously, fighting for justice and waiting in vain for our broken system to self-correct and our abhorrent War on Drugs to end.
Reps Ed Perlmutter, Dave Joyce, Nancy Mace and others are charging on as they stand up to their own establishment and attempt to effect the political calculous necessary to establish a path to pardons and functional banking for social justice.
And yes friends, Sens Chuck Schumer and Cory Booker are still in the game because nothing will get done unless the two of them sign-off and there is still time for them to (literally) rewrite history and be remembered for it by those who forever follow.
Me? Just trying to keep up and offer a glimpse from the front lines while sharing my two cents along the way. And those random pennies suggest, at least to me, that while we may have lost the battle for SAFE / NDAA, we’re gonna win this war in a big way, perhaps a lot sooner than most people think.
A few random thoughts before I go:
U.S Cannabis stocks are way to cheap with or w/o any federal movement.
Incremental advancements have the potential to create profound changes…
Just as everyone thought it was over, it was really only just beginning. (h/t SA)
I would like to order this technical pattern to-go, please.
If you would like to receive some extra special Cannabis Christmas Karma, please visit Canna4Good to pick out a holiday gift for a loved one / support a cannabis-related charity of your choice upon check-out. Thank you!
Happy and healthy holidays to you and yours and we’ll see you in ‘22.
position / advisor U.S Cannabis ETF $MSOS