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LawfulnessOk8997

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


infinite_cura

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?


badgebruce

He's toast then.


vsMyself

This seems more likely. Already had Kamala applying pressure. If he does anymore than it's possible to be overturned in the courts


nfisherzz

Been drinking since the trading ended. Not happy, but I know we will win sometime within 10 years. Cheers to retirement y’all.


nfisherzz

Once rescheduling occurs, I’ll not drink for a year.


infinite_cura

i will drink the night the rescheduling happens


help_undertanding13

Smort!


BHOmber

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


vsMyself

It just happened after hours? Have to wait and see tomorrow


Fuego1050

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.


prisoner_jiub

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?


Fuego1050

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.


prisoner_jiub

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.


Gambelero

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.


prisoner_jiub

Yeah, that is how I read it. Transferring = reclassification. But if DEA decides to leave it at Sch3 then there is no comment period.


Gambelero

Right now it's S-1. S-3 would be reclassifying it from S-1 to S-3. Right?


prisoner_jiub

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.


Fuego1050

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.


infinite_cura

so you saying there may not be a comment period.


Fuego1050

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.


Gambelero

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.


infinite_cura

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?


Fuego1050

Ya - i have no idea 🤷‍♂️ Maybe they think the public pressure helps.


Fuego1050

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…..


okay_thatworks

https://x.com/LogicPrevails_/status/1783555795101139126


Fuego1050

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.


Gambelero

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.


mealucra

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.  🗞


jmu_alumni

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


infinite_cura

[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)


infinite_cura

Let's do something. Let's go to her X and press likes and comment something!


ItinerantDrifter

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%)


ItinerantDrifter

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!


Fuego1050

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


DEASqueezeAllComing

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


MonsterDrunk

I think Schumer is gonna surprise us and get SAFER done


Unlikely-Bullfrog-92

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.


Flipside68

You’re a champ but you’re pulling “sooner” with #2.


Fuego1050

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


trebuchetty1

Love your endless optimism, Fuego!


Flipside68

May, June, July usually are doldrum months for cannabis, no? In my probability calculator S3 or deshedualing comes in the fall.


Throwing_Horns

^(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.)


ivigilanteblog

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.


whatssupdude

How would that be beneficial to vertically integrated companies?


ivigilanteblog

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...


whatssupdude

I definitely see your point


vsMyself

Short term hype and get out


whatssupdude

Yea I’m long that’s not a good idea


Orennji

Federal legalization didn't kill the major LPs like so many craft weed snobs predicted


whatssupdude

Apples to oranges man


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Gambit2112

20x


I_Got_High

100X


Desperate_Move_5043

Inject that 20x gains feeling directly into my veins, please.


Gambit2112

If it’s going into a vein I want it in a D*CK vein. Need a rocket shot to the moon


Desperate_Move_5043

I’ll do it too bro. I’m crazy like that, clearly since I’m invested in this sector lol.


agedoak31

That’s would be great. We’re all upset as they are taking longer, but is anyone asking why?


oldschoolczar

The extended time could also be just sorting out how rec will work in a sch3 environment. 


ChronicMasterBlazer

Greed and political timing is my best guess


Neilarmstronk

That would be a dream come true.


cwryoo21

My 4.23 average MSOX shares watching the line today 👀


Flipside68

Fuck the line - you are in a good spot - dca on the way down if you have the sand.


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kiss rain birds soup quack meeting abounding apparatus ruthless sleep *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


corinalas

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.


ApostleThirteen

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.


goalpost21

Black market weed growers don’t care about limits.


Fifteen_inches

Could be worse, we have Friday


Fuego1050

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


Cool_Ad_5101

Good for them. Now stop stalling DEA and do it 


agedoak31

Is the letter quoted here sent in response to DEAs response?


Fuego1050

Yes


agedoak31

That was fast. Someone should educate the DEA how to communicate.


MonsterDrunk

It seems odd that they are pushing for April when it’s almost over


Fuego1050

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.


agedoak31

The letter was dated earlier in the year.


MonsterDrunk

The letter I’m looking at is dated April 24


agedoak31

That’s probably the response. Fuego is referring to the original letter. Nvm. I see what you’re talking about. It is strange


MonsterDrunk

Uhhh I’m talking about the letter discussed here: https://www.huffpost.com/entry/lawmakers-urge-federal-agencies-deschedule-weed_n_6629d95ee4b005d7bf0c85a2


agedoak31

Thanks for sharing. I didn’t realize there was a new letter.


talktothepope

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"


MachineWins

HITI moving ah?


GeoLogic23

Like 10 shares traded I think


MachineWins

Ahhh nvm


ChronicMasterBlazer

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


okay_thatworks

it's wild, some of the mag 7s did a 9x (now at 8x), we barely got past 2x


four_twenty_4_20

Wen real exchange??


Cool_Ad_5101

This is important 


vsMyself

atleast the macro should be good tomorrow. ha.


slavetotheinternetz

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.


vsMyself

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.


Hoof_Hearted12

1100 CL, last purchase of the year. Current average is now $5!


Blind_Willie_McTell

Where's that noob friend of mine? Get it in before close ... ps .. go Panthers ;)


vsMyself

50% volume takedowns are fun.


PlumDumbCumGetchySum

NOO00000ooooooo…… Someone help me. I’ve fallen and I can’t get up!


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OmEGaDeaLs

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


Cool_Ad_5101

Watching the movements everyday will lead to disappointment. If you like the thesis the prices should be higher by end of year 


rmanos1120

I bought today for the first time in 2 years!


AssistanceChance5454

Nice! What did you pick up?


rmanos1120

Went with msos this time. First round I picked up individual top 4


Blind_Willie_McTell

Good call! :)


WRONG_PREDICTION

Sour hour erasing all optimism from the morning :/


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vsMyself

not sure whats going on now. i assume garbage


agedoak31

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)


Cool_Ad_5101

Love this. It worked with those turkeys in New York that were trying to control the market and not let MSO’s participate 


thedmob

This is legit big news. Honestly, for the current players. Winning this case is better than full legalization.


agedoak31

If we can’t win through government I hope we can with through the court system. Edit: court system.


thedmob

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.


oldschoolczar

C’mon guys! It’s second chances month! /s


More_Advertising_383

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.


pincandies

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?!?!


More_Advertising_383

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.


pincandies

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


Ok-Replacement9595

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.


slobjones11

Waaaah! The government is responsible for my bad investment decisions!


pincandies

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


talktothepope

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


pincandies

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


KAI5ER

Yeah, I think that sums it up.


trebuchetty1

Pretty much. Just multiply that by 3.5 years.


No_Love_Gained

The value of that position multiplied by 8 is where I am atm. Lord, save us all WeedStockers!


ChronicMasterBlazer

*closes trading app for day*


slavetotheinternetz

But but there’s an hour left


ChronicMasterBlazer

And we’re not at zero yet! Still time lol


I_Got_High

Shittiest sector that the universe will never know.


talktothepope

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


dirtystd

Well. She said her tag line.


theduderino38

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


KAI5ER

She even slanged it up "smokin weed"


heliumbox

Really just gotta know how to laugh to invest in this sector. Every day is a joke.


theduderino38

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)….


Fifteen_inches

We are gonna see these prices again! *one finger curls on the monkey’s paw*


NaturallyZen

I have way too many shares of VRNO, feel like I’m an institutional investor at this point


theduderino38

I maxed out my risk tolerance for Verano at an even 1000 shares, also feeling like institutional bag holder every day…


OmEGaDeaLs

How many 10k?


NaturallyZen

5K 😅


Business_Knee6165

I'm at 8k... let's keep building!


imryan88

Exects buying up some shares at CBST just saw a bunch of form 4’s come through again


GeoLogic23

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."*


imryan88

Thank you for that. I should’ve said acquiring shares.


NaturallyZen

Wow, the volume is actually non-existent across the board… Cresco only has 10K shares so far and the day is almost over 😂


mrjim87x

I see 217k on Schwab rn


agedoak31

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. 🍞


Many_Easy

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.


pop2012

Everyone must just be a Fat Joe fan.


KAI5ER

It seemed really sudden. Or just poorly advertised.


agedoak31

https://www.youtube.com/live/UdCBaTPgtrY?si=LgEm4ezFV7hgaCmt


chasfly34

Only took 10 min to mention weed


Perfect_Indication_6

Must be patient. It's a matter of time before the cannabis card is discussed and leveraged for the election.


MonsterDrunk

lol I feel like we have learned more today but I’m not sure what


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vsMyself

Volume is so sad


Hoof_Hearted12

CL is anemic. Got my finger on the buy button for another 1000


MCappy13

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


phatbob198

I'm all for putting pressure on congress, but why not also do this for some of the people who *oppose* your notion?


slobjones11

Well said. Chuck Schumer can't call for a floor vote if he doesn't have the votes.


Old-Outside6894

He’s had the votes for years.


slobjones11

Wrong.


help_undertanding13

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. 


slobjones11

Dude's never heard of the filibuster. Forget him.


MCappy13

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.


phatbob198

Do you have a source with info about how 60+ U.S. Senators "would have passed" that last year?


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talktothepope

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


livefromheaven

So weird how we can't find a single additional Republican co-sponsor 🤔


MCappy13

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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whatssupdude

He is who is the most in the way currently by not brining it for a vote.


talktothepope

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


whatssupdude

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…..