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Regulatory

MSOS

TCNNF

Trulieve CEO Kim Rivers has expressed expectations for the rescheduling of cannabis 'sooner rather than later'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:13 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers anticipates a surge of bills following the SAFER Banking Act vote. The statement was made during a Benzinga conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:12 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers announced that the company has paid approximately $223M in taxes to the Federal Government as a result of the 280 tax code.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:11 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers expressed confidence in a potential rescheduling of cannabis. The information was shared during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:09 pm

F

GM

SPY

STLA

The United Auto Workers (UAW) union has scheduled a new round of bargaining with General Motors (GM) at 4 p.m. If no significant progress is made in the talks, UAW is set to announce new automaker strike targets on Friday at 10 a.m. ET. Fain, presumably a UAW representative, will announce the new strike targets.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:07 pm

MSOS

TCNNF

Benzinga's Cannabis Capital Conference is set to discuss federal reform and state market opportunities in the cannabis sector. The conference may mention MSOS and TCNNF.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:06 pm

EWC

Canadian Prime Minister Trudeau has publicly apologized after a Parliamentary Speaker praised a Nazi veteran, expressing deep regret for the situation this has put Ukrainian President Zelenskiy in.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:06 pm

ETHUSD

On Tuesday, 3,143.27 Ether (ETH) worth $5,017,136 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -1.38%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:00 pm

FTTUSD

U.S. Rep. Patrick McHenry has criticized SEC Chair Gary Gensler for his lack of transparency regarding his interactions with FTX (CRYPTO: FTT) and its co-founder Sam Bankman-Fried. McHenry emphasized Gensler's reluctance to share details with Congress and his handling of inquiries related to a bankrupt cryptocurrency exchange. He warned that continued non-compliance might lead to Congress issuing a subpoena to the SEC.

Portfolio Pulse from Murtuza Merchant

September 27, 2023 | 5:44 pm

MSOS

Senate Majority Leader Chuck Schumer has pledged to bring the bipartisan banking bill, which could benefit the cannabis industry, to the Senate floor soon. This news initially caused a surge in cannabis stocks, but they have since leveled off. The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) is down 0.99% at $8.01. However, several GOP senators have vowed to oppose the legislation, citing concerns about liberalizing drug laws and compromising the integrity of the US banking system.

Portfolio Pulse from Maureen Meehan

September 27, 2023 | 5:40 pm