Wouldn't more accurate description of rescheduling effects be "End of overtaxation through one arcane tax provision" or "End of Punitive Taxation" than "tax break".
But agreed that folks may not realize how much cash this sucks out of canna cos annually.
Replying to @jfberke
This is a comical take. He didn't do anything on cannabis for like 30 years, including recent years where Ds controlled both houses and presidency. He receives more pharma dollars than anyone and has gotten rich while being a "public servant" his whole adult life.
Florida ballot measure
Ohio rec launch
@realDonaldTrump supports letting states decide + rescheduling going fwd
And...
Ny rec market hitting $250mm + last month and, NY OCM getting serious about enforcement in...New Rochelle, a close suburb of nyc.
Plenty to be optimistic abt.
Replying to @jmoskowitz1
Seems like pragmatism over any deep belief.
People are about to find out why lots of folks in the U.S. threw shade (often privately) at Canadian operators pitching "funded capacity" and other ridiculous things (many accurately predicted in our epic "Whoa Canada" piece). When the regulatory resistance ends, we have the biggest market in the world by many standard deviations. Canada has 32 million people. Tourism is nice too. But the stocks were trading on vapor. And that's why they are all duds now.
But the U.S. is 10x that, and tourism is much larger, our consumption is far more. And because of that regulatory (i.e. artificial) overhang, has caused the stocks to currently lag the much improved performance of the business.
When that artificial overhand ends, things are going to move fast. And be real, not hype.
Some cos are far better positioned than others. Watch those rocket. Wisdom of crowds and the like. Certain stocks are going to way overperform. IYKYK.
Differentiation of internal performance is about to be laid bare because scrutiny is about to increase. By. A. Lot. the tide is about to roll out and we are going to see who is executing well. Amazing stuff to ponder over a long weekend.
Replying to @PotMom2012
DeSean Jackson 2 yard line mic drops way better
youtu.be/jXagffhiyTI?si=aYXx…
This vid has been used too many times but it is just a guilty pleasure at this point so kudos to @S_Andreoni.
However, if you are looking for deeper insights into what's next in cannabis, this is far more impt.
youtu.be/lYBUbBu4W08?si=WuUk…
Replying to @CannaBizLawyer @jfberke
Yep. A reasonable take from what he read yesterday :) He did find the guy who said it so kudos. Luv ya JB!
Filing this bill is a better conversation starter than just letting existing RO retail co locate AU...
It'd always interesting to watch how everyday folks go about describing cannabis related culture.
Good Day NY coverage of @THCNYC_Soho
youtu.be/py91fJSE3Z4







