This Week in Cannabis News – Sept 20 to Sept 26 2021

This Week in Cannabis News – Sept 20 to Sept 26 2021

*This news is NOT investment advice. It’s for educational purposes only.*
Mid-Week Update: https://youtu.be/MtKYdJd9WNA
Curaleaf, Verano, Harvest Earnings: https://youtu.be/8rQ7cL8PTEQ
GTI, Trulieve, CC & Cresco Earnings: https://youtu.be/AFnPIpTnv3g

Sept 21st Cannabis Town Hall: https://soundcloud.com/user-444757958/us-cannabis-town-hall-exploring-the-political-calculus-of-safe-via-ndaa

Timecodes:
00:00 – Intro
00:40 – House Committee to Vote on MORE Act After NDAA Passes with SAFE
2:40 – Senate Scheduled to Take Up NDAA the Week of October 18th
4:12 – Amazon Says Time to Legalize, Timely as They Lobby for the MORE Act
5:18 – MJ Creating Jobs Which AREN’T Counted in Bureau of Labor & Statistics YET
7:11 – Where We Stand: IF SAFE Gets Yanked, Creates Possibility of SAFE + in the Spring
9:15 – The Only Dems That Oppose SAFE… Not Happy But No Plans Yet
10:40 – Clip From FAST Money, Catalysts Still to Come via Tim Seymour
12:50 – Anticipating SP Growth From Current Valuations Based on Similar Comparison
14:52 – BDSA Reports Global Cannabis Sales Surge 41% YoY in 2021
16:59 – Canada Sees Record Sales of $339M in July 2021
17:42 – TLRY Announce Q1 Earnings On October 7th
18:12 – Snippet of Perlmutter Interview – Thank you for Making This Bipartisan Ed
19:38 – More Banks Taking the Short Term Risk to Work With MJ Businesses
20:32 – Governor Hochul Appoints More to the Office of Cannabis Management
21:17 – FL Updates – Added 3,263 Patients, Strong Sales
21:52 – Cresco to Acquire 3 PA Dispensaries for $90M
23:00 – Investor Place Highlights MSOs for the Fall, Includes CURA, CL, GTII & Others
23:45 – Please Contact State Reps Supporting SAFE / Removing Cannabis from CSA
24:44 – Featured on the Dime Podcast to Learn About This Plants Interesting History

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Sources:

House Committee Will Vote On Federal Marijuana Legalization Bill Next Week, Days After Banking Reform Advances

https://www.natlawreview.com/article/latest-national-defense-authorization-act-ndaa

https://www.cbsnews.com/news/amazon-time-has-come-to-ease-us-cannabis-laws/

https://www.washingtonpost.com/business/2021/09/24/marijuana-dispensaries-jobs/?utm_source=reddit.com

🇺🇸 #Cannabis Town Hall takeaway: #SAFEBanking has a fighter's shot in the senate but industry stakeholders (Boris) believe SAFE+ (a better bill) likely in the spring; incremental fed movement 'when' not 'if' to supplement the superb state-driven fundies.

🇺🇸 #cannabis 🌿

— Todd Harrison (@todd_harrison) September 22, 2021

NEW: Sen @CoryBooker told me today he opposes adding #SAFEBanking to the NDAA.

“It's something that should not be included … It undermines the ability to get comprehensive marijuana reform and the kind of things that are harder to get done like expungement of people's records.”

— Natalie Fertig (@natsfert) September 22, 2021

2min recap on why #cannabis investing has catalysts to upside https://t.co/blD4VR5RGj

— Tim Seymour (@timseymour) September 22, 2021

After MSO's are uplisted, banks likely pivot to targets based on Sales.

Jefferies rationalizing buying $CELH valuation at 15x sales and 100x EBITDA.$CELH grew sales $15m q/q w/ 11% EBITDA margins.

Same logic implies MSO's targets have significant upside. $MSOS pic.twitter.com/37PBUZidI7

— Toby Channabis 🇺🇸🌿 (@mayortoby) September 23, 2021

US Cannabis Investor Portal

https://www.globenewswire.com/news-release/2021/09/21/2300624/0/en/BDSA-Reports-Global-Cannabis-Sales-Surge-41-YoY-in-2021-Will-Surpass-62-Billion-by-2026.html

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000801&pickMembers%5b0%5d=2.30&pickMembers%5b1%5d=3.1

https://ir.tilray.com/news-releases/news-release-details/tilray-announce-first-quarter-fiscal-2022-financial-results

Marijuana Banking Sponsor Discusses Path Through Senate After House Approves Reform For Fifth Time

More Banks Say They’re Working With Marijuana Businesses, Federal Report Shows As Lawmakers Advance Reform

https://www.governor.ny.gov/news/governor-hochul-announces-appointments-office-cannabis-management-board

https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2021/092421-OMMU-Update.pdf

https://www.businesswire.com/news/home/20210923005274/en/Cresco-Labs-to-Acquire-Three-High-Performing-Pennsylvania-Dispensaries

7 Cannabis Stocks Ready to Light up the Market This Fall

Please call the offices of @CoryBooker (202) 224-3224 and @SenSchumer (202) 224-6542 and tell them you support #SAFE as part of the #NDAA – Standing idly won't change anything. $MSOS #MSOGANG #MSO @rivers_kim $TCNNF @JasonGWild $TRSSF @narbe87 $CNPOF Thank you everyone!

— Carpathian (@CaptCarpathian) September 23, 2021

SAFE Banking heads over to the U.S. Senate for a 5th time. Here's a letter I got back from @SenWarren after I wrote her asking for her to support the bill. Spend a few minutes contacting your Senator (https://t.co/19DGFok4c1) and pass this along with a ReTweet! #MSOGang pic.twitter.com/15soLESTl5

— MJ Stock Trader (@stock_mj) September 22, 2021

This Week in Cannabis is a weekly recap of the Cannabis industry for retail investors to learn about the budding opportunity unfolding in North America before Cannabis goes global.

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Disclaimer
**This is not investment advice. It is educational and informative entertainment to help people learn new investing perspectives that they can compare with their own. Invest at your risk. **