Freak Show In DC: How Drama Distracts The Nation From Key Cannabis Reforms
Portfolio Pulse from Todd Harrison
A landmark cannabis bill is headed to the Senate floor, which could be a game-changer for the U.S. cannabis industry. The bill aims to eliminate the need for legal cannabis businesses to operate in cash, reducing the risk of robberies, money laundering, and organized crime. The bill's passage could also lead to a reduction in the 75% effective tax rate that U.S. cannabis operators currently face. The article also discusses the performance of the NYSE-listed ETF MSOS and the stocks of Village Farms (NASDAQ:VFF) and Verano (OTC:VRNOF).
October 04, 2023 | 4:02 pm
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NEUTRAL IMPACT
The NYSE-listed ETF MSOS is discussed as a potential entry point into the cannabis industry. The ETF has seen a ~50% pullback from its initial triple-digit percentage pop.
The ETF MSOS is mentioned as a potential entry point into the cannabis industry, despite its recent pullback. This suggests that investors are still interested in the ETF, but are waiting for more concrete signs of regulatory reform before investing.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Village Farms (NASDAQ:VFF) is highlighted for its low-cost, high-quality production and robust distribution platform. The company is awaiting regulatory clarity before expanding its operations.
Village Farms is highlighted for its strong production and distribution capabilities. However, the company is waiting for more regulatory clarity before expanding its operations, suggesting that its stock price could be influenced by regulatory developments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Verano (OTC:VRNOF) is reiterated as a top pick by Echelon.
Verano is reiterated as a top pick by Echelon, suggesting that the company is viewed favorably by analysts. This could potentially lead to increased investor interest in the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70