Schumer Blames Republicans For Stalling Cannabis SAFE Banking | Trade to Black
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- Опубліковано 15 гру 2024
- Coming up at 4 PM EST today on our latest Trade To Black Podcast, hosts Shadd Dales and Anthony Varrell will break down the latest in the cannabis industry:
Headline 1 - NY Is Booming
The New York Office of Cannabis Management held a Control Board Meeting today, highlighting the state's strong growth in adult-use sales. Sales are on track to reach $1 billion in 2024, driven by more stores and fewer unlicensed operations. Medical marijuana companies, many of which are publicly-held MSOs, contribute significantly to this growth.
Headline 2 - Groundhog’s Day
Republican House and Senate leadership blocked Senate Majority Leader Chuck Schumer’s attempt to include the SAFER Banking Act in a government funding bill. Despite Schumer's efforts, opposition from Senate Minority Leader Mitch McConnell and House Speaker Mike Johnson has stalled progress. Schumer remains committed to moving the cannabis banking legislation forward, but challenges persist.
Headline 3 - Nebraska Troubles
A new lawsuit in Nebraska seeks to void successful 2024 ballot measures to legalize and regulate medical cannabis. The lawsuit argues that state-level marijuana laws are unconstitutional. The outcome could have ripple effects on cannabis laws in other states.
Plus, cannabis advisor Seth Yakatan joins us for insights on Verano Holdings based on questions he's received on whether Verano Holdings (OTC: VRNOF) is cheap for investors to buy right now.
02:46 New York Cannabis Boom
06:31 Federal Reform & MSOs
08:33 Schumer & Safe Banking
13:31 Nebraska Cannabis Challenges
24:41 MJ Biz Conference Takeaways
26:31 Loyalty Programs and Market Trends
31:47 Investment & Market Outlook
39:55 Future of the Cannabis Industry
#cannabis #cannabisindustry #420 #marijuanamovement #chuckschumer #republicans #safebanking #cannabisstocks #msos
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thedalesreport...
Thanks!
Nebraska is west of Iowa.
Thanks Seth for the honest information!! As much as it hurts to hear certain things, I really appreciate what you share...!!
Question regarding Cresco, do you have an opinion on the company? What would they need to do to enter the T1 MSO group and do you think that with their Brands they will be one of the survivors in the industry...? Thanks in advance Shadd and Adam for relaying the message/question :)
Great show! When you talk with Klien ask him, “What do you have to say to Acreage shareholders getting nothing”. I’m not an investor but I feel for them. Ask him if CUSA can buy CGC when legally able too and have CGC valued at Zero like the Acreage deal leaving CGC holders getting nothing. Happened once already.
Alot of it has to do with the fact that it took 6 years to close the deal. The partnership was announced under different circumstances and different market understandings that didn’t end up materializing. Acreage was by no means a bankrupt company, the structure of the deal with canopy made the shares worth what they became. They also spent capital early in the wrong areas which stunted their growth on multiple fronts. It’s good news for canopy, they ended up buying acreage for much less than they anticipated. Once they successful integrate wana and jetty into acreage footprint everything will come full circle.
@ that doesn’t answer my question. Can CUSA buy CGC when legally and value CGC at zero like they did with Acreage?
@@josephhoulihan5414 cusa is cgc. They are the same stock. Exchangeable shares in cusa are exactly the same as cgc shares. Cusa could go public, and canadian operations go private. There would be no point to cusa buying canopy, because they are the same stock
@ the question is more when will they be able to consolidate earnings. Canopy is just waiting for NASDAQ to ok them operating CUSA under CGC stock. CUSA earnings and cash = Canopy’s earnings and cash. We just haven’t seen those financials yet
@ that’s what they are telling you, I get it. What happens when CUSA says we are buying Canopy and shareholders get nothing. Like the Acreage got nothing.
Don't worry the judge in Nebraska has already thrown out the injunction.
Huge question. How often does the senate bring a bill to the floor that they know will not pass? Anthony mentioned that Schumer should have forced the vote, and I've heard many others make the same criticism.
NE is west of Iowa. SD did the same recently overturning the vote of the citizens. And I agree with you 💯 Anthony.
This is a powerful opportunity for Republicans to regulate this industry.
December will see substantial tax loss selling as it becomes clear lame duck will not bear fruit.
So far, republicans have done NOTHING. and without Biden...Cannabis still wouldn't even be on the radar
UFCW already is organized in the sector for mmj workers. Don't expect much from them in DC. Full disclosure I am a UFCW member and have had conversation with Marc Perrone the sitting President.
Chuckle wants to legalize it if it has a 25 % federal tax that probably ends up in his pocket somehow 🤬
What about Cbstf its going so down
RIV Capital is recently operating 3 co-located adult use & medical retail dispensaries in New York. Its wholesale revenue is up from .2mil in q2 to 1.6mil in q3. Wholesale business grows its pipeline to 60 retailers as of 9/30/24. It scheduled to merge with Cansortium before the end of this year.
I thought the Biden administration was supposed to do that. but instead they gave us synthetic marijuana
Why Cbstf stock going so down
? Is GTI Green Thumb Ind.?
Yes Sir. GTI is the Canadian ticker and GTBIF is the OTC/Shit board US ticker.
Buy HITI and chill
Chuck Schumer, you could’ve done something about it years ago and you sat on your butt. Now you’re complaining about it.😂