Yo Adrian!

Chatter abounds that change is afoot.

Daily Recap

Gallup reported a significant increase in the U.S. public’s support for the legalization of cannabis over the past six decades, rising from 12% in 1969 to 70% in 2023.

I was born in 1969 but correlation does not equal causation.

Keystoner State

Pennsylvania’s governor says he’s “sick and tired of losing to friggin’ Ohio” on issues such as marijuana legalization and he’s calling on the legislature to deliver a cannabis bill so the commonwealth can “catch up” with neighboring states.

It’s estimated that launching adult-use would drive $15M in tax revs the first year of implementation.

Old Habits

A new study found that more older Americans are using cannabis today than before the pandemic.

According to researchers with the University of Michigan, roughly one of every eight Americans over the age of 50 currently enjoy nature’s medicine.

Wowie

Hawaii was the first state to legalize medical marijuana and it could be among the last to pass adult-use—but a former State Senator said it’s likely just a matter of time.

‘It's inevitable—this plant should be available to the masses… the cure for cancer can possibly be found in cannabis and it's certainly helping with PTSD, stress and pain relief.’

Stocks & Stuff

It was another boring session in Cannaland until it wasn’t after a mid-morning social media post from a former Hill staffer quoted a “highly-placed Administrative source” in expecting “a big cannabis announcement coming from the White House this week.”

Below, we’ll unpack the chatter, chew through the price action, recap the Bloomberg Intelligence CannaCast, share intel on notable flows + digest the many crosscurrents.

All that and more, just scroll down—seriously, now is a good time to pay attention.

SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ PT Notional: $253M ($122M)

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