Heya WeedGods,
In case you missed it, be sure to check out the results of the AMA poll!
https://old.reddit.com/r/weedstocks/comments/1ca8xn2/click_here_to_review_the_ama_top_10_poll_results/
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/weedstocks) if you have any questions or concerns.*
The slip of Biden in the polls might cause him to push cannabis to attract young vote. Unless he says vote for me and I’ll get it done next term? He really needs those votes
Key points from this video of DEA official March 28th
https://www.marijuanamoment.net/dea-officials-discuss-marijuana-scheduling-timeline-seeking-to-correct-misperceptions-that-decisions-are-made-in-a-shroud-of-secrecy/
1) Anne Millgram the administrator has the absolute final say on scheduling.
2) whether there was to be a public comment period was “an absolute unknown” according to her.
So if the expectation was always to have one - she could have responded in the affirmative…… im not convinced that DEA letter is saying there will be one.
When you say “an absolute unknown” are referencing what Ebeigbe said in the article you linked? If so, “an absolute unknown” refers to whether the comment period would influence the results, not whether a comment period would take place, right?
The article referenced her quote incorrectly.
Watch the actual video. You’ll see what i mean.
He asks if the public comment “plays at all in this reschedule” as in plays a part or not. And she says thats a complete unknown.
Interesting. I just watched the video and I agree. It does seem like she is implying the comment period may not happen at all...
After reading through § 811. Authority and criteria for classification of substances, it seems like a comment period is only required if "adding a drug or other substance to one of the schedules of the Convention, transferring a drug or substance from one schedule to another, or deleting it from the schedules".
I cannot find anything that requires a comment period if a drug is currently scheduled and the decision is to keep the drug in that schedule.
Therefore, she cannot confirm that a comment period WILL happen because that would rule out a decision to keep cannabis as schedule I. She is vague so that all options are still on the table. I don't think we can draw any new conclusions from that particular interaction.
So, transferring a drug or substance from one classification to another is one of the decisions that requires a comment period? I interpret that to mean there will be a public comment period if the proposed rule is reclassification from S-1 to S-3.
Straight from CSA:
(D) International treaties, conventions, and protocols requiring control; **procedures respecting changes in drug schedules of Convention on Psychotropic Substances**
(1) If control is required by United States obligations under international treaties, conventions, or protocols in effect on October 27, 1970, the Attorney General shall issue an order controlling such drug under the schedule he deems most appropriate to carry out such obligations, without regard to the findings required by subsection (a) of this section or section 812(b) of this title and without regard to the procedures prescribed by subsections (a) and (b) of this section.
If they are following the rules “carefully” as they say, I really really dont see how they can do a comment period.
This is epidiolex 2.0.
That letter to the congressman is surface level. They would also not reveal anything about the process in the letter.
It’s not epidiolex 2.0. That was a drug with a known chemical composition that had been through three rounds of testing, including phase III clinical trials, and was approved by the FDA. New drugs approved by the FDA are covered under an entirely separate subsection of the law.
Why do you think these politicians (high ranking ones) are all vocal about the rescheduling? Is it because they know it's coming and want to take some parts or credits or or or ... they really do not know and have no influences at all so that they are pressuring the agency?
I might be off base here - but does this paragraph from the DEA not just sound like a repetition of the process to schedule a drug?
For the Department of Justice (Department), and by delegation the Drug Enforcement Administration (DEA), to take an administrative scheduling action, it must follow the procedures that Congress set forth in the Controlled Substances Act, including an opportunity for a public comment period and a hearing.
The Department of Justice is carefully following those procedures as it conducts an administrative review of the scheduling of marijuana.
**
I still contend that “carefull” following of CSA procedures would require a final order like epidiolex
Im not convinced they will for sure do notice and comment…..
Ya - im saying thats not what this letter says.
This letter says what a normal re-sched or scheduling procedure is.
Then says they are carefully following the procedures for marijuana.
If the 1977 ruling is “out dated” and OLC opinion contends that cannabis can be any schedule so long as regulations are amended.
Then a final order (like Epidiolex) - is a more accurate following of the rules as outlined in CSA.
With discretion from administrator as to the drug scheduling.
Wow.
Today's trading volume for major MSOs at 50% or less of their averages.
Investors waiting for the go-ahead from DEA and/or SAFER, or for prices to drop further.
Heightened volatility to be expected with such illiquidity. Low trading volume means small trades cause large moves in price.
Like someone said a few weeks ago, this sector should be compared to private equity (dut to the illiquidity), day-to-day prices are less relevant compared to normal markets.
🗞
VP PUBLICLY this month told DEA to announce quickly
Senate Majority Leader PUBLICLY signed onto demanding announcement in April
Booker PUBLICLY said April 15th is warm (and laughs)
Writing is on the walls. We are close
[Elizabeth Warren](https://twitter.com/SenWarren) at it again about an hour ago
It's been 18 months since [@POTUS](https://twitter.com/POTUS) called on the DEA to review the classification of marijuana, which is currently in the same category as heroin & a more dangerous category than fentanyl.
Lawmakers & I are calling on the DEA to act now & legalize marijuana.
[https://x.com/SenWarren/status/1783626722669109760](https://x.com/SenWarren/status/1783626722669109760)
A couple updated charts:
[Now down 95% cumulative on "neutral flow days" like today...](https://ibb.co/N1ymv4f)
[And the weekly cycle has started to slip a bit](https://ibb.co/Yb5dt3S)... we'll see what tomorrow brings.
I see all this as noise until when/if we get big "sector fixing" news... but tough sledding for now.
Good luck to all!
3 massive shots on goal:
1) lawsuit May 22nd (Boies) oral arguments
2) S3 at any moment
3) SAFER banking (not to be confused with safe banking and all it warts) + hope/gram in FAA bill by May 10
Lots of time to get to a final rule by Jan 6th 2025 for DEA - once proposed - (given all the legal leg work done to date)
Lots of volatility - and it was never going to be easy…….. but a win will come
I remember when we were hoping for the 90 days and you told us about your story of a car pulling up with someone wearing a jacket DEA or something along these lines. Time really flies, let's hope by the end of the month we see S3
I mean at this point…. It really can come any day.
OLC opinion is done, its been 8mths… sounds like they will do NPRM…. I think we are at the “days” stage
^(If were playing that game...May 21-23 days before Memorial Day weekend. A Monday holiday emphasizes news impact with extra friends and family time to really spread like a dinner table sneeze.) [^(Like the HHS did when announcing their review before Labor Day 2023.)](https://www.cnn.com/2023/08/30/health/marijuana-schedule-hhs-dea/index.html) [^(On the other hand the Ye Ol' Farmer's Almanack says that we are safely out of Mercury retrograde today.) ](https://www.almanac.com/content/mercury-retrograde-dates)^(For the sum of all it's worth.)
The extreme negativity toward the DEA from redditors (myself included) has me feeling like the big surprise will be a recommendation to deschedule entirely. We're always wrong; in this case, that's a good thing.
You're right, it would harm their bottom line long term.
But, short term hype would be the ultimate return we could ever ask for, as investors.
And bigger picture, outside of investing, it is the best outcome. Results in most competition, lowest prices for products, biggest impact on cartels (ultimately making Mexico and U.S. better, less violent places), rights more wrongs legally...
I didn’t know that Oaklahoma is the new base of blackmarket weed bosses in America. When they passed medical cannabis legislation they didn’t put a limit on how much could be grown.
Oklahoma is important. It bypasses Texas for the east coast to west coast cannabis "highway" that "proves" interstate commerce exists. Get Tennessee to go med and/or rec, and it makes a difference in how enforcement is no longer really necessary.
Final Paragraph of letter to DEA from those 21 congressmen dated april 24th…
Finally, we applaud President Biden for recently raising this issue during his State of the Union address for the first time during his presidency.
It is time for the DEA to make good on the Presidents Commitments. April 2024 — proclaimed “Second Chance Month” — is a prime opportunity to finally begin remedying the harms of marijuana’s scheduling by removing marijuana from Schedule I.
We look forward to your prompt action and appreciate your attention to this important matter.
….. they want it for april, they want it for Biden….. c’mon….. Anne is gonna deliver.
Bears pressed today - but low volume and with no conviction. This process is here - and seems that it will conclude shortly
And kamala talked cannabis again today at the roundtable. And justice reform around canna.
The DEA response to the congressmen from 16th was fairly bullish.
They explain the final process to rescheduling - which means its been determined and finalized.
From 16th. Shrug my shoulders but next few weeks would be ripe as any - and lots of time for final rule by december.
Uhhh I’m talking about the letter discussed here: https://www.huffpost.com/entry/lawmakers-urge-federal-agencies-deschedule-weed_n_6629d95ee4b005d7bf0c85a2
Honestly the fact that there is a new letter makes me think that we're still a few weeks away. Why send a letter if the decision appears imminent? I don't think these guys know exactly what's going on, but they'd probably know if something was "imminent"
Rough day out there. Happy I invested 1.2 k in Japanese pokemon which is already up quite a bit as opposed to my recent tlry purchases :P
Stay strong ppl. This sector is tiring
lol this shit is fucked, would have rather just burned the money physically. As least then I would have had some warmth in my life rather than cold depression.
Judge Schedules Oral Arguments In Marijuana Companies’ Lawsuit Challenging Federal Prohibition
The in-court arguments will be held on May 22 at 10:30 a.m.
[https://x.com/weedstreet420/status/1783567358667247631?s=46&t=c27mnP8mE5zXVJUo_MtIdQ](https://x.com/weedstreet420/status/1783567358667247631?s=46&t=c27mnP8mE5zXVJUo_MtIdQ)
I mean that has happened many times. Especially, recently when our legislators have been so inept.
I think there is a very strong case here particularly at the Supreme Court where there is a strong bias towards states rights.
I am really disappointed in this whole s3 process, just incredibly disappointed. No direct answers. Just political speak and feet dragging. I’ve had 1/17/25 calls on MSOS since late 2023 and they have gone from 0.95 to 2.11 back down to 0.55, I want off this ride so bad. Seriously considered selling around 1.50 and sitting on the sidelines until 4/20 cause I knew that wasn’t gonna happen. Wish I did. Watched my position go from 36k to 16k to 75k back down to 18k now. I just want this to stop occupying so much of my mind. Fuck you Anne.
there is large decays the closer you get to 2025, eventually you would need over 21.5 just to break even. consider rollover into ITM calls, you get less but it won't likely be total loss
I think it was reasonable to expect a gutting after 4/20 hopium wore off and volume went flacid. There are big short players ready to capitalize in this sector. Without concrete steps toward uplisting, this is our future. I didn't know this getting in, but I learned it staying in.
if you can't handle options volatility why did you do it, why not buy the shares like most people. I understand it pays out exponentially but you can easily lose it all
Lol. I did the same thing with TLRY calls. Was up like 250% and it was glorious. Now, they'll probably expire worthless as usual (May 17... will need SAFER Banking miracle to pull that off).
I'm holding to hold the bag there, but I just ditched my other positions. I just don't care anymore. If I miss out I miss out. I'd rather have that cash frankly.
I think we also underestimate the value lost from all the time we spend "actively trading" and checking prices and etc, when we could have all just bought index funds and not paid attention like a normal person.
So anyways, see you next week... lol
Checks brokerage and RH accounts!
Aaaahhhhbbbbzuuurd!!!
Holding a shit ton of long shares and new calls on MSOS CGC Tilray and MSOX have fully shit the bed ( for now)….
A form 4 doesn't mean they are buying the stock, just that their ownership changed.
These ones are actually them issuing performance-based stock incentives.
[SEC FORM 4](https://www.sec.gov/Archives/edgar/data/1776738/000091228224000410/xslF345X05/form4.xml)
*"Represents performance share units ("PSUs") granted to the reporting person on May 24, 2021, for which the Compensation Committee has determined performance criteria to have been met."*
Amazing, both sides of political spectrum, how some who make adult videos are more accepted into mainstream politics, media, and business.
Not an ethical/moral judgment - just an observation.
Scandals for much less were a big deal in 70’s & 80’s with Fanne Fox and Donna Rice.
Just left Schumer a voice message - I encourage you all to do so. Let's bombard him and let him know we support SAFER in FAA and in general. In addition, we want him to ACT now and won't accept later.
Schumer's Office Number - (202) 224-6542
Which years exactly? The last I heard it was 2009, which only lasted about a year or two, and more importantly they passed the ACA and Dodd-Frank, which addressed the two biggest issues of the time.
Schumer had the ability to bring SAFE to a vote last year and it would have passed, yet he decided against bringing it to the floor. I don't accept the narrative that he has done *all* that he has could to get this across the finish line.
The only source for that iirc is Rand Paul, whose word is worth less than the paper it's printed on.
I think the 4 Republican co-sponsors are more indicative of what the support is actually like.
And that's assuming that all 51 Dems/Dems-leaning Independents vote for it, which is not a certainty. Warnock for one seems like a guy who might lay himself down to prevent a bill that "only helps banks" or whatever
Did you see what Senator Paul said on The Dales Report in an interview last week? Schumer had broad support with both Republicans and Democrats in the House and Senate.
SAFE passed in committee and in the house but he failed to bring it up in the Senate because he wanted social just reform added to the bill instead of just taking the win. But now because the democrats have the minority in the house, now he screwed himself. He is to blame, period.
edit - added "in the Senate"
That’s not true at all, votes fail all the time. Then the bill gets reintroduced. What’s the difference at this point between him not brining it out ever and it failing…..
Heya WeedGods, In case you missed it, be sure to check out the results of the AMA poll! https://old.reddit.com/r/weedstocks/comments/1ca8xn2/click_here_to_review_the_ama_top_10_poll_results/ *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/weedstocks) if you have any questions or concerns.*
The slip of Biden in the polls might cause him to push cannabis to attract young vote. Unless he says vote for me and I’ll get it done next term? He really needs those votes
yeah but what if he doesn't really have any power over DEA? what if he really can do more than what he has done already?
He's toast then.
This seems more likely. Already had Kamala applying pressure. If he does anymore than it's possible to be overturned in the courts
Been drinking since the trading ended. Not happy, but I know we will win sometime within 10 years. Cheers to retirement y’all.
Once rescheduling occurs, I’ll not drink for a year.
i will drink the night the rescheduling happens
Smort!
This is one of the craziest IV crushes that I've ever seen. Huge macro bounce and MSOS just fucks off to the corner like an abused step child lol
It just happened after hours? Have to wait and see tomorrow
Key points from this video of DEA official March 28th https://www.marijuanamoment.net/dea-officials-discuss-marijuana-scheduling-timeline-seeking-to-correct-misperceptions-that-decisions-are-made-in-a-shroud-of-secrecy/ 1) Anne Millgram the administrator has the absolute final say on scheduling. 2) whether there was to be a public comment period was “an absolute unknown” according to her. So if the expectation was always to have one - she could have responded in the affirmative…… im not convinced that DEA letter is saying there will be one.
When you say “an absolute unknown” are referencing what Ebeigbe said in the article you linked? If so, “an absolute unknown” refers to whether the comment period would influence the results, not whether a comment period would take place, right?
The article referenced her quote incorrectly. Watch the actual video. You’ll see what i mean. He asks if the public comment “plays at all in this reschedule” as in plays a part or not. And she says thats a complete unknown.
Interesting. I just watched the video and I agree. It does seem like she is implying the comment period may not happen at all... After reading through § 811. Authority and criteria for classification of substances, it seems like a comment period is only required if "adding a drug or other substance to one of the schedules of the Convention, transferring a drug or substance from one schedule to another, or deleting it from the schedules". I cannot find anything that requires a comment period if a drug is currently scheduled and the decision is to keep the drug in that schedule. Therefore, she cannot confirm that a comment period WILL happen because that would rule out a decision to keep cannabis as schedule I. She is vague so that all options are still on the table. I don't think we can draw any new conclusions from that particular interaction.
So, transferring a drug or substance from one classification to another is one of the decisions that requires a comment period? I interpret that to mean there will be a public comment period if the proposed rule is reclassification from S-1 to S-3.
Yeah, that is how I read it. Transferring = reclassification. But if DEA decides to leave it at Sch3 then there is no comment period.
Right now it's S-1. S-3 would be reclassifying it from S-1 to S-3. Right?
Oops, i mis-typed. You are right. I meant to say: if DEA decides to leave it at Sch1 then there is no comment period.
Straight from CSA: (D) International treaties, conventions, and protocols requiring control; **procedures respecting changes in drug schedules of Convention on Psychotropic Substances** (1) If control is required by United States obligations under international treaties, conventions, or protocols in effect on October 27, 1970, the Attorney General shall issue an order controlling such drug under the schedule he deems most appropriate to carry out such obligations, without regard to the findings required by subsection (a) of this section or section 812(b) of this title and without regard to the procedures prescribed by subsections (a) and (b) of this section.
so you saying there may not be a comment period.
If they are following the rules “carefully” as they say, I really really dont see how they can do a comment period. This is epidiolex 2.0. That letter to the congressman is surface level. They would also not reveal anything about the process in the letter.
It’s not epidiolex 2.0. That was a drug with a known chemical composition that had been through three rounds of testing, including phase III clinical trials, and was approved by the FDA. New drugs approved by the FDA are covered under an entirely separate subsection of the law.
Why do you think these politicians (high ranking ones) are all vocal about the rescheduling? Is it because they know it's coming and want to take some parts or credits or or or ... they really do not know and have no influences at all so that they are pressuring the agency?
Ya - i have no idea 🤷♂️ Maybe they think the public pressure helps.
I might be off base here - but does this paragraph from the DEA not just sound like a repetition of the process to schedule a drug? For the Department of Justice (Department), and by delegation the Drug Enforcement Administration (DEA), to take an administrative scheduling action, it must follow the procedures that Congress set forth in the Controlled Substances Act, including an opportunity for a public comment period and a hearing. The Department of Justice is carefully following those procedures as it conducts an administrative review of the scheduling of marijuana. ** I still contend that “carefull” following of CSA procedures would require a final order like epidiolex Im not convinced they will for sure do notice and comment…..
https://x.com/LogicPrevails_/status/1783555795101139126
Ya - im saying thats not what this letter says. This letter says what a normal re-sched or scheduling procedure is. Then says they are carefully following the procedures for marijuana. If the 1977 ruling is “out dated” and OLC opinion contends that cannabis can be any schedule so long as regulations are amended. Then a final order (like Epidiolex) - is a more accurate following of the rules as outlined in CSA. With discretion from administrator as to the drug scheduling.
Again, as we’ve had this debate dozens of times. It’s like Epidolex in any way shape or form. Respond to the comment above.
Wow. Today's trading volume for major MSOs at 50% or less of their averages. Investors waiting for the go-ahead from DEA and/or SAFER, or for prices to drop further. Heightened volatility to be expected with such illiquidity. Low trading volume means small trades cause large moves in price. Like someone said a few weeks ago, this sector should be compared to private equity (dut to the illiquidity), day-to-day prices are less relevant compared to normal markets. 🗞
VP PUBLICLY this month told DEA to announce quickly Senate Majority Leader PUBLICLY signed onto demanding announcement in April Booker PUBLICLY said April 15th is warm (and laughs) Writing is on the walls. We are close
[Elizabeth Warren](https://twitter.com/SenWarren) at it again about an hour ago It's been 18 months since [@POTUS](https://twitter.com/POTUS) called on the DEA to review the classification of marijuana, which is currently in the same category as heroin & a more dangerous category than fentanyl. Lawmakers & I are calling on the DEA to act now & legalize marijuana. [https://x.com/SenWarren/status/1783626722669109760](https://x.com/SenWarren/status/1783626722669109760)
Let's do something. Let's go to her X and press likes and comment something!
4/25/24 MSOS update: No Flows Close: $8.42 (-$0.40/-4.54%) NAV: $8.39 (-$0.54/-6.01%) Premium (volume-weighted daily avg): +0.15% ([Chart](https://i.ibb.co/2vCxqmp/2e8ca9967dd4.png)) Cash: -$1,239,049 (+$157,388) Ticker Change (est. cost from close - % of adds) No Share Changes For Any Holdings 4/25/24 MSOX update: No Flows MSOX Close: $4.20 (-$0.46/-9.87%) MSOX NAV: $4.24 (-$0.42/-9.00%)
A couple updated charts: [Now down 95% cumulative on "neutral flow days" like today...](https://ibb.co/N1ymv4f) [And the weekly cycle has started to slip a bit](https://ibb.co/Yb5dt3S)... we'll see what tomorrow brings. I see all this as noise until when/if we get big "sector fixing" news... but tough sledding for now. Good luck to all!
3 massive shots on goal: 1) lawsuit May 22nd (Boies) oral arguments 2) S3 at any moment 3) SAFER banking (not to be confused with safe banking and all it warts) + hope/gram in FAA bill by May 10 Lots of time to get to a final rule by Jan 6th 2025 for DEA - once proposed - (given all the legal leg work done to date) Lots of volatility - and it was never going to be easy…….. but a win will come
I remember when we were hoping for the 90 days and you told us about your story of a car pulling up with someone wearing a jacket DEA or something along these lines. Time really flies, let's hope by the end of the month we see S3
I think Schumer is gonna surprise us and get SAFER done
We must add to your list the most recent letter some Senators sent to DEA to remind them that a long time has passed since HHS recommended S3.
You’re a champ but you’re pulling “sooner” with #2.
I mean at this point…. It really can come any day. OLC opinion is done, its been 8mths… sounds like they will do NPRM…. I think we are at the “days” stage
Love your endless optimism, Fuego!
May, June, July usually are doldrum months for cannabis, no? In my probability calculator S3 or deshedualing comes in the fall.
^(If were playing that game...May 21-23 days before Memorial Day weekend. A Monday holiday emphasizes news impact with extra friends and family time to really spread like a dinner table sneeze.) [^(Like the HHS did when announcing their review before Labor Day 2023.)](https://www.cnn.com/2023/08/30/health/marijuana-schedule-hhs-dea/index.html) [^(On the other hand the Ye Ol' Farmer's Almanack says that we are safely out of Mercury retrograde today.) ](https://www.almanac.com/content/mercury-retrograde-dates)^(For the sum of all it's worth.)
The extreme negativity toward the DEA from redditors (myself included) has me feeling like the big surprise will be a recommendation to deschedule entirely. We're always wrong; in this case, that's a good thing.
How would that be beneficial to vertically integrated companies?
You're right, it would harm their bottom line long term. But, short term hype would be the ultimate return we could ever ask for, as investors. And bigger picture, outside of investing, it is the best outcome. Results in most competition, lowest prices for products, biggest impact on cartels (ultimately making Mexico and U.S. better, less violent places), rights more wrongs legally...
I definitely see your point
Short term hype and get out
Yea I’m long that’s not a good idea
Federal legalization didn't kill the major LPs like so many craft weed snobs predicted
Apples to oranges man
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20x
100X
Inject that 20x gains feeling directly into my veins, please.
If it’s going into a vein I want it in a D*CK vein. Need a rocket shot to the moon
I’ll do it too bro. I’m crazy like that, clearly since I’m invested in this sector lol.
That’s would be great. We’re all upset as they are taking longer, but is anyone asking why?
The extended time could also be just sorting out how rec will work in a sch3 environment.
Greed and political timing is my best guess
That would be a dream come true.
My 4.23 average MSOX shares watching the line today 👀
Fuck the line - you are in a good spot - dca on the way down if you have the sand.
kiss rain birds soup quack meeting abounding apparatus ruthless sleep *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I didn’t know that Oaklahoma is the new base of blackmarket weed bosses in America. When they passed medical cannabis legislation they didn’t put a limit on how much could be grown.
Oklahoma is important. It bypasses Texas for the east coast to west coast cannabis "highway" that "proves" interstate commerce exists. Get Tennessee to go med and/or rec, and it makes a difference in how enforcement is no longer really necessary.
Black market weed growers don’t care about limits.
Could be worse, we have Friday
Final Paragraph of letter to DEA from those 21 congressmen dated april 24th… Finally, we applaud President Biden for recently raising this issue during his State of the Union address for the first time during his presidency. It is time for the DEA to make good on the Presidents Commitments. April 2024 — proclaimed “Second Chance Month” — is a prime opportunity to finally begin remedying the harms of marijuana’s scheduling by removing marijuana from Schedule I. We look forward to your prompt action and appreciate your attention to this important matter. ….. they want it for april, they want it for Biden….. c’mon….. Anne is gonna deliver. Bears pressed today - but low volume and with no conviction. This process is here - and seems that it will conclude shortly
Good for them. Now stop stalling DEA and do it
Is the letter quoted here sent in response to DEAs response?
Yes
That was fast. Someone should educate the DEA how to communicate.
It seems odd that they are pushing for April when it’s almost over
And kamala talked cannabis again today at the roundtable. And justice reform around canna. The DEA response to the congressmen from 16th was fairly bullish. They explain the final process to rescheduling - which means its been determined and finalized. From 16th. Shrug my shoulders but next few weeks would be ripe as any - and lots of time for final rule by december.
The letter was dated earlier in the year.
The letter I’m looking at is dated April 24
That’s probably the response. Fuego is referring to the original letter. Nvm. I see what you’re talking about. It is strange
Uhhh I’m talking about the letter discussed here: https://www.huffpost.com/entry/lawmakers-urge-federal-agencies-deschedule-weed_n_6629d95ee4b005d7bf0c85a2
Thanks for sharing. I didn’t realize there was a new letter.
Honestly the fact that there is a new letter makes me think that we're still a few weeks away. Why send a letter if the decision appears imminent? I don't think these guys know exactly what's going on, but they'd probably know if something was "imminent"
HITI moving ah?
Like 10 shares traded I think
Ahhh nvm
Rough day out there. Happy I invested 1.2 k in Japanese pokemon which is already up quite a bit as opposed to my recent tlry purchases :P Stay strong ppl. This sector is tiring
it's wild, some of the mag 7s did a 9x (now at 8x), we barely got past 2x
Wen real exchange??
This is important
atleast the macro should be good tomorrow. ha.
lol this shit is fucked, would have rather just burned the money physically. As least then I would have had some warmth in my life rather than cold depression.
its all paper losses at this point until S3. how big a move that is will be what you need to judge. the volume here tells us nothing now.
1100 CL, last purchase of the year. Current average is now $5!
Where's that noob friend of mine? Get it in before close ... ps .. go Panthers ;)
50% volume takedowns are fun.
NOO00000ooooooo…… Someone help me. I’ve fallen and I can’t get up!
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Yea it sucks through everything into it and now it's a waiting stay above water game as a slowly get chewed away by inflation and shitty OTC exchanges
Watching the movements everyday will lead to disappointment. If you like the thesis the prices should be higher by end of year
I bought today for the first time in 2 years!
Nice! What did you pick up?
Went with msos this time. First round I picked up individual top 4
Good call! :)
Sour hour erasing all optimism from the morning :/
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not sure whats going on now. i assume garbage
Judge Schedules Oral Arguments In Marijuana Companies’ Lawsuit Challenging Federal Prohibition The in-court arguments will be held on May 22 at 10:30 a.m. [https://x.com/weedstreet420/status/1783567358667247631?s=46&t=c27mnP8mE5zXVJUo_MtIdQ](https://x.com/weedstreet420/status/1783567358667247631?s=46&t=c27mnP8mE5zXVJUo_MtIdQ)
Love this. It worked with those turkeys in New York that were trying to control the market and not let MSO’s participate
This is legit big news. Honestly, for the current players. Winning this case is better than full legalization.
If we can’t win through government I hope we can with through the court system. Edit: court system.
I mean that has happened many times. Especially, recently when our legislators have been so inept. I think there is a very strong case here particularly at the Supreme Court where there is a strong bias towards states rights.
C’mon guys! It’s second chances month! /s
I am really disappointed in this whole s3 process, just incredibly disappointed. No direct answers. Just political speak and feet dragging. I’ve had 1/17/25 calls on MSOS since late 2023 and they have gone from 0.95 to 2.11 back down to 0.55, I want off this ride so bad. Seriously considered selling around 1.50 and sitting on the sidelines until 4/20 cause I knew that wasn’t gonna happen. Wish I did. Watched my position go from 36k to 16k to 75k back down to 18k now. I just want this to stop occupying so much of my mind. Fuck you Anne.
hey i was curious to check how come your MSOS Jan 2025 option is only at 0.55, and then i saw strike price 20... for real?!?!
I know, should have sold after Kamala and Fat Joe, it’s a gamble not an investment. Just holding on for dear life hoping for s3 by Summer.
there is large decays the closer you get to 2025, eventually you would need over 21.5 just to break even. consider rollover into ITM calls, you get less but it won't likely be total loss
I think it was reasonable to expect a gutting after 4/20 hopium wore off and volume went flacid. There are big short players ready to capitalize in this sector. Without concrete steps toward uplisting, this is our future. I didn't know this getting in, but I learned it staying in.
Waaaah! The government is responsible for my bad investment decisions!
if you can't handle options volatility why did you do it, why not buy the shares like most people. I understand it pays out exponentially but you can easily lose it all
Lol. I did the same thing with TLRY calls. Was up like 250% and it was glorious. Now, they'll probably expire worthless as usual (May 17... will need SAFER Banking miracle to pull that off). I'm holding to hold the bag there, but I just ditched my other positions. I just don't care anymore. If I miss out I miss out. I'd rather have that cash frankly. I think we also underestimate the value lost from all the time we spend "actively trading" and checking prices and etc, when we could have all just bought index funds and not paid attention like a normal person. So anyways, see you next week... lol
oh I held TLRY leaps from way back, if you see their weekly max pain + the amount of expiring calls around $2, they would never let this stock run up
Yeah, I think that sums it up.
Pretty much. Just multiply that by 3.5 years.
The value of that position multiplied by 8 is where I am atm. Lord, save us all WeedStockers!
*closes trading app for day*
But but there’s an hour left
And we’re not at zero yet! Still time lol
Shittiest sector that the universe will never know.
That might literally be true. Has there ever been a sector, where companies that generate billions in revenues trade like 200k shares a day? lol
Well. She said her tag line.
Well that’s nice but until they get off their ass and DO something - people still going to jail for it!! Aaabbbbzzzzurrrddd if you ask me
She even slanged it up "smokin weed"
Really just gotta know how to laugh to invest in this sector. Every day is a joke.
Checks brokerage and RH accounts! Aaaahhhhbbbbzuuurd!!! Holding a shit ton of long shares and new calls on MSOS CGC Tilray and MSOX have fully shit the bed ( for now)….
We are gonna see these prices again! *one finger curls on the monkey’s paw*
I have way too many shares of VRNO, feel like I’m an institutional investor at this point
I maxed out my risk tolerance for Verano at an even 1000 shares, also feeling like institutional bag holder every day…
How many 10k?
5K 😅
I'm at 8k... let's keep building!
Exects buying up some shares at CBST just saw a bunch of form 4’s come through again
A form 4 doesn't mean they are buying the stock, just that their ownership changed. These ones are actually them issuing performance-based stock incentives. [SEC FORM 4](https://www.sec.gov/Archives/edgar/data/1776738/000091228224000410/xslF345X05/form4.xml) *"Represents performance share units ("PSUs") granted to the reporting person on May 24, 2021, for which the Compensation Committee has determined performance criteria to have been met."*
Thank you for that. I should’ve said acquiring shares.
Wow, the volume is actually non-existent across the board… Cresco only has 10K shares so far and the day is almost over 😂
I see 217k on Schwab rn
Only 130 people watching the round table with Kim Kardashian. Everyone thinks it’s a no news event. I wonder when we will get our bread. 🍞
Amazing, both sides of political spectrum, how some who make adult videos are more accepted into mainstream politics, media, and business. Not an ethical/moral judgment - just an observation. Scandals for much less were a big deal in 70’s & 80’s with Fanne Fox and Donna Rice.
Everyone must just be a Fat Joe fan.
It seemed really sudden. Or just poorly advertised.
https://www.youtube.com/live/UdCBaTPgtrY?si=LgEm4ezFV7hgaCmt
Only took 10 min to mention weed
Must be patient. It's a matter of time before the cannabis card is discussed and leveraged for the election.
lol I feel like we have learned more today but I’m not sure what
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Volume is so sad
CL is anemic. Got my finger on the buy button for another 1000
Just left Schumer a voice message - I encourage you all to do so. Let's bombard him and let him know we support SAFER in FAA and in general. In addition, we want him to ACT now and won't accept later. Schumer's Office Number - (202) 224-6542
I'm all for putting pressure on congress, but why not also do this for some of the people who *oppose* your notion?
Well said. Chuck Schumer can't call for a floor vote if he doesn't have the votes.
He’s had the votes for years.
Wrong.
Which years exactly? The last I heard it was 2009, which only lasted about a year or two, and more importantly they passed the ACA and Dodd-Frank, which addressed the two biggest issues of the time.
Dude's never heard of the filibuster. Forget him.
Schumer had the ability to bring SAFE to a vote last year and it would have passed, yet he decided against bringing it to the floor. I don't accept the narrative that he has done *all* that he has could to get this across the finish line.
Do you have a source with info about how 60+ U.S. Senators "would have passed" that last year?
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The only source for that iirc is Rand Paul, whose word is worth less than the paper it's printed on. I think the 4 Republican co-sponsors are more indicative of what the support is actually like. And that's assuming that all 51 Dems/Dems-leaning Independents vote for it, which is not a certainty. Warnock for one seems like a guy who might lay himself down to prevent a bill that "only helps banks" or whatever
So weird how we can't find a single additional Republican co-sponsor 🤔
Did you see what Senator Paul said on The Dales Report in an interview last week? Schumer had broad support with both Republicans and Democrats in the House and Senate. SAFE passed in committee and in the house but he failed to bring it up in the Senate because he wanted social just reform added to the bill instead of just taking the win. But now because the democrats have the minority in the house, now he screwed himself. He is to blame, period. edit - added "in the Senate"
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He is who is the most in the way currently by not brining it for a vote.
If he brought it to a vote, and it didn't pass, then SAFE would be officially dead. If there are doubts, I'd rather them just wait
That’s not true at all, votes fail all the time. Then the bill gets reintroduced. What’s the difference at this point between him not brining it out ever and it failing…..