Capital Markets this Morning:

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

• Tesla Stock Rally: Tesla shares rose 10% after a revenue miss, buoyed by plans for new models and despite a 5% drop in revenue per vehicle.

• Tech Sector Uplift: Tech stocks, including Meta Platforms, boosted by AI gains, propelled the S&P 500's recovery amidst earnings reports.

• U.S.-China Tensions: U.S. Senate's vote to potentially ban TikTok highlights ongoing tech conflicts between the U.S. and China.

• Economic Data Influence: Slowing U.S. business activity in April suggested easing pressure on the Fed, affecting Fed rate futures and Treasury yields.

• Global Market Reactions: Positive economic indicators from Europe contrast with U.S. data, while Japan's Nikkei surged over 2% driven by a weak yen and tech gains.

Cannabis Capital Markets: High Tide Inc Achieves Record Sales on April 20

The TDR Takeaway:  High Tide reported revenue of $1.95 million CAD on April 20, substantially exceeding the daily average of $1.4 million over the past 12 months. This figure is four times higher than the results from 2019, indicating a consistent pattern of growth. Will it lead to a strong earnings report on June 12? For additional details, visit the TDR website.

Cannabis Studies: How State Cannabis Policies May Affect Immigration

The TDR Takeaway: The phrase "correlation does not imply causation" is often cited. For example, ocean levels and the stock market have both risen over recent decades, yet they are unrelated. A recent study published in BMC Public Health identifies a correlation between the legalization of recreational cannabis and immigration enforcement, a connection that remains unclear. For more details, visit the TDR website! 

Cannabis Regulation: Review of Manitoba Grow at Home

The TDR Takeaway:  Every day, we talk about the inconsistencies in US cannabis regulations. Canada is often viewed as a better model, except for its excise tax. Notably, Manitoba and Quebec had imposed restrictions on home growing, but Manitoba is now considering lifting these.For more details, visit the TDR website! 

Cannabis Capital Markets: Cresco Labs Workers Leave Union Amid Dissatisfaction

The TDR Takeaway:  An exclusive MJBIZ report reveals that Cresco Labs' cultivation workers in Massachusetts are choosing to leave their union. Employees have raised concerns about the value of their dues, stating, "we were pretty much paying them for nothing." For more details, visit the TDR website! 

Psychedelic Regulation: Debating the DEA's Stance on Psychedelics Under Right to Try

The TDR Takeaway: The DEA contends that the federal "right to try" law, intended for seriously ill patients to access new medications, does not include psychedelic drugs. It's disheartening to see advancements in laws abroad, while comparable dying patients in the U.S. are denied access to natural psychedelic therapies. This inconsistency is difficult to understand for those at the end of their life. For more information, read about it on the TDR website!

Crypto: Ethereum ETFs Face Regulatory Delays

The TDR Takeaway: The proposed Ethereum ETFs from BlackRock, Grayscale, and Franklin Templeton are facing delays from the SEC. Industry insiders have noted that the SEC is less responsive in this case compared to how it handled reviews of Bitcoin ETFs. Whether these ETFs will be approved is still uncertain. Read about it on the TDR website!

AI: Is Adobe Firefly the New AI Image Leader?

The TDR Takeaway: Every day, a major company launches a new AI product. This week, Meta and Adobe introduced new offerings, followed by Microsoft's announcement of a low-cost "light" model called Microsoft PH-d, which is nearly as capable as OpenAI's ChatGPT 3.5. Is it worth your time to try it out? Read about it on the TDR website!

A Day In the Life of Don Murphy

What is a typical day for cannabis lobbyist Don Murphy? Curious, we decided to film a day with him to provide our viewers with a behind-the-scenes glimpse of his routine in Washington, DC. View the video on YouTube!

Trade To Black Today Live at 4pm EST

Shadd and Anthony will be live today at 4 PM EST. We will provide updates on our topics and potential guest on Twitter later this morning. Here is the link!