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✅ Keep Calm and Carry On ✅

Author

William McNarland
April 03, 2024

GM Everyone,

After yesterday's price action following the Florida news, people were left scratching their heads. The expectation was that certain Florida-related names would move aggressively on the headline. Well, those expectations fell flat, and here's why. The 800lb Gorilla of the Florida movement, Trulieve, was up over 130% going into yesterday YTD. I don't know about you, but that is a pretty impressive move and signals that people were buying into the name all the way up to the headline. We expect to see continued strength and interest in these names as we march towards eventual rescheduling. So keep calm and carry on.

Today’s letter can be read in 6 minutes and 42 seconds. 

  • What does Trump mean for the cannabis industry?

  • Psychedelics are getting traction from insurance companies in Canada

  • AI is coming for the creative arts and there is nothing they can do

  • Rep. Nancy Mace joins us today on stream to talk everything cannabis

Capital Markets this Morning:

The futures are flat this morning, here is what is in focus globally for stocks:

  • Fed Chair Powell's upcoming speech stirs market speculation on interest rate cuts.

  • Markets anticipate a June rate cut with a 65% chance, doubting aggressive easing in 2024.

  • High Treasury yields challenge the equity rally, with S&P 500 down 1% this quarter.

  • Taiwan's major quake disrupts semiconductor supply, affecting tech giants like Apple.

Cannabis Regulation: How will Trump Vote in Florida for Recreational Cannabis?

The TDR Takeaway: We reviewed Trump's statements on cannabis since 2015. The findings show mixed messages, with general support for medical use, uncertain support for recreational use, a preference for state-level regulation, and interest in tax revenue. Learn more on the TDR Website.

Cannabis Regulations - Can Austria Learn from Pennsylvania?

The TDR Takeaway: Yesterday, we discussed how Pennsylvania has missed opportunities as neighboring states have legalized cannabis. Austria is now establishing checkpoints at its borders with Germany to curb cannabis flow. Can Austria take lessons from Pennsylvania's experience? Find out more on the TDR website.

Psychedelic Progress: Alberta Launches Insurance Coverage for Psychedelic Therapy

Point of Interest: Pic by my Home Office in Cochrane, Alberta

The TDR Takeaway: Many individuals can’t afford psychedelic therapy, presenting a significant challenge for companies looking to offer these services widely. However, with funding from insurance companies, the revenue potential increases dramatically. Learn more on the TDR website.

Crypto: Will Singapore become the new Crypto Finance Hub?

The TDR Takeaway: Singapore is known as one of the most secure financial centers globally, thanks to its robust regulations. Despite its conservative approach, the country recognizes the future in digital currency and is developing laws and regulations to maintain its conservative roots while embracing digital currency. This move signals the increasing acceptance of cryptocurrencies. Learn more on the TDR website.

AI vs Music Artists

The TDR Takeaway! AI music creation has arrived, but the challenge remains: can it avoid copyright infringement? Some artists are opposing it, while others welcome it. The situation raises questions about potential benefits and concerns. For more information, visit the TDR website.

Today's TDR's Trade To Black podcast features an interview with Rep. Nancy Mace. Our discussion will focus on the current wait for cannabis rescheduling, the potential impact of a Trump presidency on the cannabis industry, and the level of access politicians have to the DEA. Get the insights straight from Washington, D.C.

Join us for a conversation with Jay O’Malley from MariMed as we explore the future directions of the cannabis industry.