Capital Markets this Morning:

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

• Wall Street awaits the March CPI report amid global growth outlook improving commodity prices.

• Fed rate cut expectations shift to June, with other central banks also reassessing rate cuts.

• Rising energy and metal prices from China's manufacturing rebound add to inflation concerns.

• Fed officials and JPMorgan's Jamie Dimon warn of persistent inflation and potential for no rate cuts.

• U.S. Treasury yields dip and corporate earnings season begins, with growth projections adjusted.

Cannabis Capital Market: Tilray’s 30% Revenue Growth Year over Year

The TDR Takeaway: Tilray's Q3 fiscal year 2024 reveals a 30% revenue growth, highlighting its effective market strategies. With a 165% increase in the beverage sector, Tilray cements its status as a leading craft beer brewer. For more details, visit the TDR website. 

Cannabis Regulation: Federal authorities target legal cannabis companies in New Mexico

The TDR Takeaway: This story highlights the conflict between federal and state law in the USA. I have a home on the USA-Mexico border and often get stopped at checkpoints within the USA to verify my citizenship (I am not a US citizen, so I have to show my passport). Recently, dogs have been used to search for cannabis. What happens to truck drivers carrying cannabis that is legal at the state level come to a check point? Federal authorities are arresting people and confiscating goods. For more details, visit the TDR website. 

Cannabis Regulations - Canada and the Excise Tax

The TDR Takeaway: The excise tax has significantly impacted Canadian cannabis companies. The federal budget is set to be released on April 16th, and there is speculation about potential changes and their effects. For more information, visit the TDR website. 

Psychedelic News: Psychedelics and Alaska

The TDR Takeaway: Alaska's House Bill 228 introduces a task force to explore the therapeutic use of psychedelics, marking al shift in mental health treatment approaches. The bill focuses on creating a regulatory framework for psychedelics like MDMA, preparing for their potential FDA approval for PTSD therapy. For more information, visit the TDR website.

Crypto: How Bitcoin Halving Influences the $5 Trillion Market Forecast

The TDR Takeaway: Ripple's CEO predicts the cryptocurrency market, led by Bitcoin, could reach $5 trillion by 2024, emphasizing Bitcoin's central role. Technological advancements like Ordinals and BRC-20 signal Bitcoin's expanding functionality and potential for broader digital asset support. For more information, read about it on the TDR website.

AI News: Elon Musk Foresees AI Surpassing Human Intelligence

The TDR Takeaway! Elon Musk updates his AI prediction, seeing AGI surpassing human intelligence sooner than expected, marking a pivotal moment in tech.Despite challenges like chip shortages, Musk's focus shifts to accelerating AI through his startup, reflecting the dynamic nature of tech progress. Read all about it on the TDR Website!

Trade to Black Yesterday was Great!

In yesterday’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.

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

Last 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.