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- 🤯 It's TIME! 🤯
🤯 It's TIME! 🤯
GM Everyone,
In classic Bruce Buffer fashion: IT'S TIME!!! We have a huge week ahead of us, with what feels like the wind finally at our backs. It was a meteoric first quarter for cannabis stocks, with some experiencing triple-digit gains. It appears we still have several catalysts ahead of us, with the most impactful being the DEA finally accepting the rescheduling of cannabis to Schedule 3, and the more immediate one being the FL Supreme Court's decision on accepting the adult use ballot initiative today at 4 pm for November voting. April could shape up to be a significant month for the cannabis sector. Let's hope we end it with just as much momentum as we're starting with.
Today’s letter can be read in 5 minutes and 35 seconds.
Top 5 Cannabis Stocks from March is locked and loaded with information
Governor Youngkin is not a man of the people
See you in 25 years SBF……..
$MSOS Mondays coming in hot today at 4pm
Capital Markets this Morning:
The futures are up this morning, here is what is in focus globally for stocks:
PCE index rose to 2.5% in Feb, hinting at persistent inflation.
Powell sees recent data as aligned with Fed's expectations.
Focus on wage pressures amidst strong U.S. job market.
ISM manufacturing survey may indicate sector's 17th month of contraction.(Inflation plus contraction, this is a really tough spot to be in for the FED)
Upcoming Treasury bill auctions and March ISM data eyed for market direction.
Cannabis Markets this Month:
Wow, that was some stock movement in Cannabis for March, here are the highlights!
The TDR Takeaway: Cannabis stocks soared, with Canopy Growth leading at 168% due to legalization rumors. The anticipation of market changes makes these stocks a focal interest for investors. Read all about it on the TDR Website!
Cannabis Germany!:
Germans celebrate new Cannabis Laws after the stroke of Midnight!
The TDR Takeaway: Germany decriminalizes cannabis, allowing adults to possess and grow it. This law aims to protect youth but faces concerns over increased use. Read all about it on the TDR Website!
Cannabis Politics:
Veto Power: Virginia Governor Glenn Youngkin vetoed legislation aimed at establishing a state-regulated marijuana marketplace!
The TDR Takeaway: Glenn Youngkin veto’s cannabis market and minimum wage bills, citing health and competitiveness concerns. This gentlemen, is also using is veto powers so the lowest wage workers pay can’t keep pace with inflation! These decisions highlight tensions in state governance and economic policy debates. Read all about it on the TDR Website!
Cannabis Capital Markets:
iAnthus Reports Fiscal Q4 and 2023 Financials and Management Changes to focus on Executives with Cannabis Experience.
The TDR Takeaway: iAnthus (CSE: IAN, OTC: ITHUF) sees a 2023 revenue dip but reduces net loss. Leadership shifts aim to enhance strategic focus on cannabis operations with a search for a new CFO with Cannabis experience. Read all about it on the TDR Website!
Psychedelics this Morning:
This is some challenging news for Lykos, but it is only a draft initial report! We will update with any news from Lykos’s response.
The TDR Takeaway: ICER critiques Lykos' MDMA therapy for PTSD, citing insufficient evidence and concerns over study design and ethics. Despite cost-effectiveness potential, the credibility of findings remains in question. Learn more on the TDR website.
Crypto this Week:
From Crypto Mogul to 25 Years of Federal Prison: SBFs Dramatic Downfall
The TDR Takeaway: SBF sentenced to 25 years for fraud, highlighting crypto industry's legal challenges. Efforts to reduce his sentence were largely unsuccessful, signalling a move towards stricter regulation. A strong message that crypto is becoming more mainstream and investors need protection! Learn more on the TDR website.
AI this Morning:
AI is at the Forefront of Beijing’s Campaign Against the US according to a new report and released videos! An example of AI being used to change peoples opinion at mass!
The TDR Takeaway! China employs AI for anti-US propaganda, questioning the 'American Dream' and highlighting societal issues. This AI-driven approach marks a significant evolution in digital influence campaigns. Read all about it on the TDR Website!
On today's Trade To Black, we find out how Dan Ahrens, COO of Advisorshares, feels about potential cannabis Legalization on Florida's ballot. New updates on the industry and Florida Supreme Court comments. Starts at 4 PM ET
During yesterday’s episode of the Trade To Black podcast, we will explore chart analysis with "Dan, The Chart Man" from @ChartGuys. We will discuss the hottest cannabis stocks and those that you may want to avoid. We will also take a look at the recent Bitcoin activity.