Is Federal Cannabis Legalization A Double-Edged Sword? The Answer Is Complicated
Portfolio Pulse from Joana Scopel
Anthony Coniglio, founder, president, and CIO of NewLake Capital Partners Inc. (OTCQX:NLCP), and Bryan McLaren, chairman and CEO of Zoned Properties (OTCQB:ZDPY), discussed the complexities of federal cannabis legalization at the Benzinga Cannabis Capital Conference. They highlighted the influence of the pharmaceutical, liquor, and convenience store industries on cannabis policy and the need for stakeholders to lobby for their interests. McLaren also emphasized the decline in national banks and the need for solutions beyond federal reform.
September 05, 2023 | 6:37 pm
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NewLake Capital Partners' president highlighted the complexities of federal cannabis legalization and the influence of other industries on cannabis policy.
The discussion by NewLake Capital Partners' president about the complexities of federal cannabis legalization and the influence of other industries on cannabis policy could impact investor sentiment, but it's unclear how this will affect the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Zoned Properties' CEO emphasized the decline in national banks and the need for solutions beyond federal cannabis reform.
The emphasis by Zoned Properties' CEO on the need for solutions beyond federal cannabis reform and the decline in national banks could impact investor sentiment, but it's unclear how this will affect the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70