Capital Markets this Morning:

The futures are down 0.5% this morning, here is what is in focus globally for stocks:

• Meta's gloomy revenue outlook and higher anticipated expenses led to a $200 billion drop in its market value, affecting global tech stocks.

• Asian tech stocks are down following Meta's forecast, with significant dips in Taiwan and South Korea.

• Earnings reports from Intel, Alphabet, and Microsoft are expected to provide insights into the AI technology sector's performance.

• European banking earnings focus, including Deutsche Bank and BNP Paribas, amid expectations of falling interest rates.

• The yen surpassed 155 against the dollar, prompting speculation about possible intervention by Tokyo to stabilize the currency.

Cannabis Capital Markets: Chicago Atlantic and New York State's Cannabis Finance Debate

The TDR Takeaway:  Chicago Atlantic was highlighted by 'The City,' a New York City-based online news platform, for its capital cost structure in lending to cannabis-focused companies. These businesses often face challenges in securing debt capital. Typically, Chicago Atlantic's loans feature mid-teen interest rates, a point 'The City' criticized as excessive. Importantly, when New York State failed to attract alternative capital, Chicago Atlantic, as a public entity, stepped in. The interest rate was agreed upon between the public company and the state. I believe this situation does not constitute a news story. For additional details, visit the TDR website.

Cannabis Policy: Federal Cannabis Laws and President Biden's Pardons

The TDR Takeaway: President Biden's decision to pardon individuals serving long sentences for nonviolent drug offenses has sparked significant interest in the cannabis community. The question arises: Will rescheduling cannabis further Biden's goal to release those currently incarcerated for nonviolent cannabis-related offenses? For more details, visit the TDR website! 

Cannabis Studies: Examining Youth Marijuana Use Post-Legalization

The TDR Takeaway:  A report from the American Medical Association (AMA) released yesterday states that neither the legalization of marijuana for adult use nor the opening of retail stores in various U.S. states has increased cannabis use among young people. This indicates that the implemented legal safeguards are effective. Moreover, these reforms often correlate with an increase in youths reporting non-use of marijuana. For more details, visit the TDR website! 

Crypto: Block Mining is Enhancing Bitcoin Efficiency and Sustainability

The TDR Takeaway: Jack Dorsey's company, Block, has developed a new Bitcoin mining chip that could improve mining efficiency significantly. This innovation might lower both costs and environmental impacts of Bitcoin mining. With the recent halving of Bitcoin yields reducing mining profits and persistent environmental concerns, could this new chip be the answer? Read about it on the TDR website!

AI: NVIDIA’s Strategic Acquisition of Run:AI Amid Stock Drop

The TDR Takeaway: NVIDIA is enhancing its AI capabilities through the acquisition of Run:AI, based in Israel. Despite a 16% decrease in its stock value this month, it remains uncertain whether this move will renew investor interest and drive the stock to new all-time highs? Read about it on the TDR website!

Trade To Black Today Live at 4pm EST

David Klein, CEO of Canopy Growth provides a corporate update covering the Constellation equity conversion, plans for integrating Wana, Jetty and Acreage, new financial reporting, institutional opportunities, and expansion into Europe. Here is the link!

Trade to Black Was Live Yesterday

In yesterday’s "Trade to Black" live session, we examined President Joe Biden's recent pardons and address the ongoing criticism of cannabis debt lenders in New York State. Could this suggest a shift toward cannabis reform? Additionally, we heard from special guest Anthony Coniglio of New Lake Capital about the potential implications if cannabis is rescheduled tomorrow. View the video on YouTube!