Walley World

U.S. canna awaits it's adventure.

Daily Recap

There’s no way to know just how long the process will take for the DEA to being it’s proposed rulemaking process for cannabis in response to the H.H.S recommendation—it could happen in days, weeks, months, or even years.

However, the politics involved in rescheduling indicate that the decision will likely be made in the next few months, not years. President Biden campaigned on reform and he’ll likely want to highlight rescheduling when courting voters in 2024.

Bank Street

A new poll from the American Bankers Association (ABA) shows that roughly three out of five Americans support allowing marijuana industry access to the banking system—a finding that comes amid a renewed push for reform among congressional leaders.

“Americans have made it clear that Congress should resolve the ongoing conflict between state and federal law on cannabis banking issues by passing legislation that will enhance public safety, tax collection and transparency,” -ABA Prez Rob Nichols

Grün

German cannabis possession and home cultivation will be decriminalized on April 1st after the law passed the final hurdle in the Bundesrat. Adults over the age of 18 will be allowed to possess 25 grams of canna and grow up to three plants at home.

From July 1, non-commercial canna clubs can supply up to 500 members with a maximum monthly quantity of 50 grams per member.

"The fight was worth it, please use the new option responsibly." Health Minister Karl Lauterbach

Green Gobblin’

A new review of scientific literature around CBD suggests that the cannabinoid could be useful in managing symptoms of alcohol use disorder (AUD) by modulating brain networks that perpetuate addiction.

“Research suggests that CBD may affect salience, reward, emotion generation and regulation, executive control including inhibition control, working memory and self-monitoring processes, processes that are highly relevant to alcohol seeking behaviors, suggesting that CBD may have potential in the management of alcohol use disorder.”

Stocks & Stuff

It was a volatile ride in Cannaland today as wild swings in our northern neighbors and a fresh furtherance of FUD made life interesting for stakeholders in the space.

U.S. cannabis ETF MSOS finished a volatile session down 5.5% as most Canadian LP’s gave back some of late last week’s eye-popping gains.

Below, we’ll chew through today’s price action, explore readthroughs after the recent moves by the U.N and Germany, contextualize the German opportunity, absorb the latest FUD and compare U.S. and Canadian comps.

All that and more, just scroll down.

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