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  • 📈 Let The Rally Continue 💸

📈 Let The Rally Continue 💸

Author

William McNarland
March 25, 2024

GM Everyone,

Friday was one of the more interesting developments to witness in the cannabis space in the last few years. With Canopy Growth skyrocketing up 70% in a single day, you had individuals who traded the stock and profited, while others remained in complete disbelief. The reason behind the rally is yet to be determined, but it appears to be a combination of German news, a short squeeze, and Canada's impending excise tax reform. Regardless, it's a net positive for the sector, and it's refreshing to see previously struggling companies experiencing significant upward movements. With CGC up 9% in pre-market trading, it seems likely that the rally could persist. We will be monitoring the situation closely.

Today’s letter can be read in 5 minutes and 49 seconds. 

  • TDR Cannabis Index boomed on Friday

  • Marimed expands brand portfolio

  • Don Muphy joined us for a full DC update on Sunday

  • MSOS Mondays today will be action packed

Capital Markets Recap of Friday:

The TDR Comprehensive Cannabis Index increased by 4.2%, led by the TDR Integrated Cannabis Index. Meanwhile, the TDR Crypto Miners Index fell by over 3%, along with the TDR Small and Micro Cap REIT Index.

Capital Markets this Morning:

The futures are up a bit this morning, here is what is in focus globally for stocks:

  • Dollar dips on yen, yuan moves

  • Tech sputters, indexes gain

  • Rate cuts expected Q2

  • Calm bond, rate markets

  • US budget bill passed

Cannabis Capital Markets Price Overview:

Let's examine the highlights from companies in the TDR Comprehensive Cannabis Index!

  1. MariMed (OTC:MRMD)  launches Vibations, a new line of cannabis and electrolyte-infused drink mixes for enhanced focus and energy.

Cannabis: News

  1. Senate Majority Leader Chuck Schumer steps up his advocacy for the marijuana banking bill, highlighting the urgent need for reform. Read all about it on the TDR Website!

Cannabis Policy: Highlights from our Friends at Marijuana Moment

  1. A California bill, SB 1264, proposes removing job protections for law enforcement workers regarding off-duty marijuana use.

  2. Nebraska lawmakers preliminarily approve a 100% tax on hemp and CBD products to fund property tax relief.

Psychedelic News:

  1. Indiana's Governor signed a bill to fund psilocybin research for mental health treatment in veterans and first responders.

  2. An Illinois Senate committee discusses a bill to legalize psilocybin and create supervised service centers.

  3. A Massachusetts police lieutenant advocates for MDMA-assisted therapy for officers, suggesting it could address PTSD and improve policing issues.

Crypto and Miners

  1. Binance to end USDC transactions on TRON due to Circle's planned discontinuation, affecting only a small portion of its TRON holdings.

  2. Cathie Wood labels Bitcoin a "financial super highway" and retains a $1.5M price target, highlighting its significant potential in emerging markets.

  3. Anthony Scaramucci advises investors to hold onto their Bitcoin, emphasizing its potential growth and advising against selling despite volatility.

AI

  1. Zoom launches Zoom Workplace, an AI-powered collaboration platform, to enhance teamwork and productivity with new AI Companion features, improving user experience in meetings, phone calls, and customer service.

  2. The Kari Lake deepfake video exemplifies the urgent need for awareness and regulation of AI in political campaigns. Read all about it in on the TDR Website!

Big $$ Volume Big Caps

  1. Nvidia(NASDAQ:NVDA) emphasizes healthcare as a key revenue sector, unveiling AI tools for medical uses and partnerships to innovate in drug discovery and imaging.

  2. The EU initiates its first investigation under the Digital Markets Act against Apple, Alphabet, and Meta for potential non-compliance issues.

Join TDR's Trade To Black Podcast for a must-needed episode featuring $MSOS Portfolio Manager, Dan Ahrens. He is the Managing Director & Chief Operating Officer of AdvisorShares ETFs. Dan joins us every Monday to talk about the industry. Will MSOS hit $10? Find out!

In Sunday nights episode of the Trade To Black podcast, we join forces with cannabis lobbyist Don Murphy to dissect the latest on cannabis rescheduling and safe banking in Washington, DC. Amidst a backdrop of political drama, we delve into the implications of recent speeches by figures like Congressman Earl Blumenauer and HHS Secretary Becerra, analyzing their impact on the cannabis sector's momentum.

On Friday’s episode of the Trade To Black podcast, we take a look into technical analysis of cannabis stocks making significant moves, featuring @chartguys Dan, "The Chart Man." We will also examine the top performers of the week and, of course, everyone's favorite Friday segment, Mic Drop with Guap.