Poseidon Investment Management Founding Partner & Managing Partner Emily Paxhia Says We Have Invested In Personally A Lot Of Efforts In Legislative Process To Try To Move Laws Along; Lawyers Are Hitting Timelines; This Case Could Be Heard [By Supreme Court] As Early As Next Summer; It Is In Appellate Process On October 10
Portfolio Pulse from Benzinga Newsdesk
Emily Paxhia of Poseidon Investment Management discusses their efforts in the legislative process for cannabis laws, with a case potentially reaching the Supreme Court by next summer.
October 08, 2024 | 2:54 pm
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POSITIVE IMPACT
Poseidon Investment Management's involvement in cannabis legislation could impact MSOS, an ETF focused on U.S. cannabis companies, as legal changes may affect the industry landscape.
MSOS is directly related to the U.S. cannabis industry, which could be significantly impacted by legislative changes. Poseidon's efforts in the legal process suggest potential positive developments for the industry.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
While SPY, an ETF tracking the S&P 500, is not directly impacted by cannabis legislation, broader market trends could be influenced by significant legal changes in the cannabis sector.
SPY is a broad market ETF and is not directly tied to the cannabis sector. However, significant legal changes in cannabis could have indirect effects on market sentiment and dynamics.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 20