Poseidon Investment Management Founding Partner & Managing Partner Emily Paxhia Says Supreme Court Justice Thomas Wrote A Dictum Inviting Case Back To Supreme Court
Portfolio Pulse from Benzinga Newsdesk
Emily Paxhia, Founding Partner of Poseidon Investment Management, highlighted that Supreme Court Justice Thomas wrote a dictum that could invite a case back to the Supreme Court. This development may have implications for cannabis-related investments.
October 08, 2024 | 2:55 pm
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NEUTRAL IMPACT
The potential return of a case to the Supreme Court, as noted by Justice Thomas, could impact cannabis-related investments, including the MSOS ETF.
The mention of a potential Supreme Court case return could affect cannabis regulations, impacting MSOS, an ETF focused on cannabis investments. However, the direct impact is uncertain until more details emerge.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The potential Supreme Court case return mentioned by Justice Thomas is unlikely to have a significant direct impact on SPY, which tracks the S&P 500.
While the news is significant for cannabis investments, SPY, which represents a broad market index, is unlikely to be directly affected by this specific legal development.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20