This Week in Cannabis Investing News – Nov 29 to Dec 5 2021
This Week in Cannabis Investing News – Nov 29 to Dec 5 2021
*This news is NOT investment advice. It’s for educational purposes only.*
Mid-Week Update: https://youtu.be/-aG9vpM1OVI
Trulieve & Verano Q3: https://youtu.be/4TXm72YAgJU
Curaleaf Q3: https://youtu.be/HspQL1KNMiM
Green Thumb, Cresco, Columbia Care Q3: https://youtu.be/VbWgKQveZwA
FYI: The SAFE Banking is Already IN the Passed House Version of the NDAA,
While Tier 1 MSOs DON’T Need SAFE, It’s a Big Win For Legitimizing the Industry
Timecodes:
00:00 – Intro
00:40 – Black Friday Cannabis Spending Increases 20% While Overall Retail Declines
1:52 – CEO of Green Thumb Shares Insight, IL Sales for November $121M, Still Strong
2:58 – Waiting for Senate, House Conference Version Ready with SAFE in it. Call Call Call!
3:37 – Snippet From Political Pro – Eye on Senate NDAA Compromise, Conference Next?
5:11 – Only MSM Outlet Covering Issue – Focus on Senate NDAA and Schumer, Not House
5:48 – Other Politician Verifying Brady Cobb’s Call, Will Fight For SAFE in Conference
6:24 – Dave Joyce and AOC Sponsor the HOPE Act to Help States Kickstart Expungements
9:02 – BTIG on US Canna via Todd Harrison, Pause to Read
9:30 – Janet Yellen Tells Ed Perlmutter That Passing SAFE Would Make IRS Job Easier
11:20 – CUNA Sends Another Letter to Pass SAFE, Status Quo is Untenable
12:25 – WHY SAFE IS Smart Policy – Small Businesses are Being Robbed Year Round
12:58 – While San Fran Supervisors Suspended Business Tax to Help Legal Pot Shops
13:31 – Lawmakers Push VA to Give Veterans Access to Medicinal Flower ASAP
14:24 – Top Drug Federal Official Says Wont Study Plant Because of Scheduling, How Convenient For Big Pharma…
15:47 – Another Study Showing Positive Effect of Cannabis as an EXIT DRUG to Opioids
17:05 – Visual: US MSO Valuation Multiples By Projected 2022 Sales
Ran Out of Characters
26:00 – Phone Numbers to Support SAFE, PLEASE CALL!
Open your self directed TFSA through these links to support the creator!
Use Questrade and earn $50: https://www.questrade.com/?refid=makemorecapital
Use WealthSimple for a RoboAdvisor and get $50: http://bit.ly/mmcrobo
Sources:
https://www.prnewswire.com/news-releases/akerna-flash-report-black-friday-cannabis-retail-spending-increased-20-while-the-overall-retail-industry-decreased-28-3-in-black-friday-traffic-301436305.html
This just in: IL Nov adult use weed sales = $120.7M (down 2.7% vs Oct w 3% less days + a holiday).
Net net, IL sales flattening bc there are no new stores.
No new stores = no new wealth creation = no new jobs
Lots of talk on social equity + no action = #Fakequity $MSOS πΊπΈ pic.twitter.com/Ym3DARvndo
— Ben Kovler (@Bkov9) December 4, 2021
UpdateβSen in recess today so SASC staff/members can work through their bill/amendments. Rep Hoyer indicated House conf version ready (with Safe in it), and expect βping pongβ conf process to crank up Monday/Tuesday and move (with debt ceiling cleared). Keep calling/emailing!! pic.twitter.com/8YGo2tswPG
— Brady Cobb (@BCobblaw) December 3, 2021
me: the canna narrative has been hijacked by the focus on #SAFEBanking via #NDAA
also me: get ur rest this wknd / let our elected reps know how impt this is. πͺ π
β¦@SenSchumerβ© π
β¦@SenBookerβ© πβ¦@RepNancyMaceβ© π
β¦@RepDaveJoyceβ© π
β¦@AOCβ© π pic.twitter.com/WyuGRtlLXa— Todd Harrison (@todd_harrison) December 3, 2021
Pumping away over here #legalizeit pic.twitter.com/aZ8gO8074z
— Brady Cobb (@BCobblaw) December 2, 2021
If the Senate doesn't include #SafeBanking in the NDAA, I will fight for it in conference.
Each day Congress refuses to pass this bipartisan bill the fed govt endangers public safety, cripples the economic recovery of #smallbiz and refuses states' rights to implement their laws. https://t.co/cVSj10RlSl
— Dave Joyce (@RepDaveJoyce) December 1, 2021
GOP Congressman And AOC Team Up On Marijuana Bill To Incentivize State-Level Expungements
Your move, @SenSchumer
— Dave Joyce (@RepDaveJoyce) December 2, 2021
Camilo π¦ @ BTIG on πΊπΈ πΏ
πΊπΈ #cannabis πΏ#SAFEBanking π¦ #NDAA
β¦@SenSchumerβ© β¦@SenBookerβ© β¦@AOCβ© β¦@RepDaveJoyceβ© π pic.twitter.com/1KpWhYtt5e
— Todd Harrison (@todd_harrison) December 3, 2021
Biden Treasury Secretary Says ‘Of Course’ Marijuana Banking Would Make IRS’s Job Easier
https://news.cuna.org/articles/120235-safe-banking-act-should-be-added-to-ndaa-status-quo-is-untenable
https://mjbizdaily.com/new-rash-of-california-cannabis-robberies-threaten-survival-of-some-businesses/
https://sanfrancisco.cbslocal.com/2021/12/01/san-francisco-suspends-cannabis-tax-to-combat-illegal-marijuana-sales/
Bipartisan Lawmakers Push VA To Allow Medical Marijuana Access For Veterans ‘As Soon As Possible’
https://www.liebertpub.com/doi/10.1089/can.2021.0088
Many continue to debate whether #safebankingact is near, which we still think is a low prob in 2021. Big getting bigger is a natural force in capitalism but in #cannabis it has been exacerbated by the lack of fed policy action. Lots to nibble on w/this morning's beautiful chart: pic.twitter.com/Qq1yBDFQWZ
— Morgan Paxhia (@MorganPaxhia) November 29, 2021
Pot Tax May Yield $12B for States by 2030 says Barclays
πΊπΈ #cannabis πΏ pic.twitter.com/SJBLrvGhpA
— Todd Harrison (@todd_harrison) December 3, 2021
https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2021/120321-OMMU-Update.pdf
https://www.nj.gov/cannabis/about/meetings/
https://investors.verano.com/news/news-details/2021/Verano-Affiliate-Expands-Pennsylvania-Footprint-with-Opening-of-Zen-Leaf-West-Chester-Dispensary/default.aspx
https://www.businesswire.com/news/home/20211202005194/en/International-Cannabis-Brand-Cookies-and-InterCure-Announce-European-Expansion
https://ir.tilray.com/news-releases/news-release-details/launch-tilrays-fast-acting-oral-strips-highlights-commitment
Texas Activists Turn In Signatures To Put Marijuana Decriminalization On Austin’s 2022 Ballot
this is the time to remember
cause it will not last forever πΆπ βοΈ@SenSchumer @SenBooker and be respectful / earnest in requesting #SAFEBanking via #NDAA
the vocal support is moving the needle π―
(202) 224-3224 Booker
(202) 224-6542 Schumerpls RT / next few days super impt pic.twitter.com/BLY77B9wWR
— Todd Harrison (@todd_harrison) December 2, 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.
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. **
Hi Jordan, I am just a little confused about the timing of the Senate NDAA vote and the House Conference inclusion of SAFE and when we can assume SAFE will become law. I hope that question makes sense. Cheers.
You are very comprehensive. You do the hard work and we benefit. Youβre the man! Been following you for a long time. Thank you, neighbor.
Ayyy what’s good m8 π
π