Capital Markets this Morning:

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

• Fed rate cut chances for June drop to 50-50 after strong U.S. job report; only two quarter point cuts expected in 2023.

• U.S. 10-year Treasury yield hits highest since November at 4.45%; bond market faces pressure.

• S&P 500 futures down following a negative first week of Q2; investor caution ahead of key reports and earnings.

• Oil prices retreat from six-month high, easing some market tensions amid Middle East ceasefire talks.

• Fed speakers Goolsbee and Kashkari to address market; rate futures anticipate 150bps easing in total cycle.

Cannabis Regulation: Schumer and the Push for Bipartisan Cannabis Banking Legislation

The TDR Takeaway:  Senate Majority Leader Schumer is committed to passing the SAFER Banking Act, highlighting the necessity for bipartisan support to address cannabis banking challenges. We have heard this before, is it different this time? Read the full article on the TDR Website!

Cannabis Regulations - Cannabis and Crime: Christiania's New Direction in Denmark

The TDR Takeaway: This situation seems reminiscent of the year 2000 and the movie "Traffic," which depicted the USA fighting against cannabis trafficking from Tijuana. Learn how Denmark is adopting a completely different approach to cannabis compared to its neighboring country, Germany. Read more about it on the TDR website.

Psychedelic News: Psychedelics are becoming more mainstream, as demonstrated by a feature article this weekend in Canada's Globe and Mail.

The TDR Takeaway: The Globe and Mail is Canada's national newspaper. This weekend, it featured an article about psychedelics, indicating that these substances are becoming more mainstream. This follows last week's coverage by National Geographic. For more information, visit the TDR website.  For more information, visit the TDR website.

Crypto: South Korea's Political Parties Vow Changes in Crypto Policy

The TDR Takeaway: Cryptocurrency is becoming a significant force in South Korea and Asia, with parties using it as a means to influence voters. As cryptocurrency grows, it is likely to start affecting election mandates globally. For more information, read about it on the TDR website.

AI News: Trudeau Leads Canada's AI Strategy with $2 Billion for Tech

The TDR Takeaway! Who doesn’t like free money? The Canadian government is proposing giving away $2B to make Canada an AI Leader. He states about this plan ““will help harness the full potential of AI so Canadians, and especially young Canadians, can get good-paying jobs while raising our productivity, and growing our economy.” As a Canadian I kinda doubt the government will do anything effective, but maybe we can all apply for grant money! Read all about it on the TDR Website!

Trade to Black Live at 4pm EST Today

In today's episode of the Trade To Black podcast, we interview Kim Rivers, CEO of Trulieve. We will discuss the latest developments from Q1, including the Florida Supreme Court's approval of the initiative to include cannabis on the ballot this fall. We'll examine how this decision aligns with the company's growth and explore the potential need for further expansion in Florida. Find out more today at 4PM ET!

Some comments have described this as the best Trade to Black event ever. If you missed it, you can watch it here!

Wednesday’s TDR's Trade To Black podcast features an interview with Rep. Nancy Mace. Our discussion focused 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.