Streetbeat News

Regulatory

MSOS

Hon. Ed Perlmutter discussed the challenges of progressing cannabis banking reforms through the Senate Banking Committee, highlighting the political and campaigning aspects involved.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:05 pm

MSOS

Lauren Niehaus discusses the current state of cannabis legalization, emphasizing the importance of a consistent message among organizations lobbying on the issue. The commentary suggests that legalization is not imminent, but the alignment among lobbying groups could play a crucial role in future developments.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:04 pm

CRLBF

MSOS

John Sullivan emphasized the importance of passing full-cannabis legalization as a significant legislative move. Sen. Schumer plans to submit the Cannabis Administration and Opportunity Act (CAOA) again this year, highlighting cannabis's societal benefits. Despite the President's reluctance towards cannabis, he has directed the HHS, FDA, and DEA to review cannabis-related policies, indicating momentum towards legalization.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:03 pm

DJT

EWJ

FXI

SPY

World Trade Organization's Ngozi Okonjo-Iweala warns that if Trump is elected and imposes 10% tariffs, it would lead to a 'tit for tat approach' and a 'lose-lose' situation, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:59 pm

MSOS

SPY

Senator Cory Gardner emphasized the importance of engagement and support in Congress for advancing cannabis legislation. He highlighted the need to demonstrate sufficient votes based on merit and to strategically navigate the legislative process.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:59 pm

MSOS

SPY

Hon. Ed Perlmutter discussed the legislative process for passing a bill, highlighting the urgency and complexity of the situation. He mentioned that despite attempts to pass the bill through normal legislative procedures, a more rapid and segmented approach might be necessary. Specifically, he referred to the FAA Reauthorization, emphasizing its importance and the need for swift action, albeit acknowledging the process may not be straightforward or aesthetically pleasing.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:55 pm

CRLBF

MSOS

SPY

John Sullivan announced a working group led by Sen. Schumer and the Vice President discussing future cannabis legalization. This development was shared at Benzinga's Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:53 pm

CRLBF

MSOS

At Benzinga's Cannabis Capital Conference, Cresco Labs' EVP John Sullivan highlighted the changing perceptions towards cannabis over the last three years. He emphasized the need for continued advocacy to push legislators for further progress, acknowledging that cannabis often gets sidelined and Cresco Labs is not yet at the forefront of the industry.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:52 pm

MSOS

At Benzinga's Cannabis Capital Conference, Trulieve's Executive Director of Government Relations, Lauren Niehaus, emphasized the need for constant education of Congress on cannabis issues, highlighting the slow but ongoing progress in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:50 pm

MSOS

Hon. Ed Perlmutter discussed the challenges and progress in cannabis legislation, indicating significant advancements in the past 50 years and suggesting we are on the cusp of major legislative changes. This discussion took place at Benzinga's Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:48 pm