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Booker, always on the more optimistic side of the fence
We’ll see if the elections change the equation
https://www.npr.org/2022/10/07/1127543130/democratic-sen-cory-booker-on-bidens-executive-order-on-marijuana-possession
SUMMERS: What the White House has done this week stopped short of calling for complete decriminalization, which is, of course, something that would have to happen in Congress, and it's a legislative push that you have been a leader on. Do you see a scenario where that can pass the Senate in the near future - any bipartisan support?
BOOKER: I do. You know, it's interesting because, you know, almost about 19, 20 states now have legalized for adult use - even more for medical marijuana. Many of those are red states that have voted overwhelmingly for it. I think that there's enough space right now, and there are already conversations and dialogue going on about some kind of bipartisan movement because we see problems within the banking industry, and a lot of people who are winning licenses can't get access to loans and more. So there's a lot of folks who understand that we have to act on the federal level to do more than the president's done, and I'm hopeful that this Congress, actually - in the lame duck after the midterms - I'm very hopeful we can get something done.
Sleek
Schedule II is untenable from a practical standpoint because only physicians can prescribe Schedule II substances, which would mean that all recreational sellers and recreational users are continuing to break federal law
Creation of a novel schedule or complete descheduling (with certain caveats) and treating MJ more akin to alcohol is the more likely outcome
Leaving MJ as a Schedule I substance entirely defeats the purpose of Biden’s request to evaluate its present scheduling status
Five states will be voting on Rec MJ Legalization in November and four of them are Republican states:
https://www.reuters.com/world/us/voters-five-us-states-decide-legalizing-marijuana-november-midterms-2022-10-07/
It remains to be seen if Biden’s schedule reviewal order and a handful of new red states with legal Rec MJ after the November elections will sway a bunch of Republicans in the Senate to vote for an edited version of Chuck’s bill, but the probability of that occurrence has certainly increased
If Chuck’s bill remains a no-go after elections, SAFE+ is sitting right there waiting to be passed
With the MJ sector currently bottomed out, that leaves the sole negative factor of overall market sentiment, which is admittedly very poor
But in terms of risk/reward ratio, this looks like a more than reasonable entry point barring a nuclear war.
Sleek
Looks like that outside shot turned into a swish
This is going to absolutely fly
Sleek
USMJ looks perfect right now
AMMJ looks fantastic as well
MCOA does have a R/S application filed, so there is risk there
Sleek
This is absolutely huge news and the ramifications for Schumer’s MJ Legalization Bill are very intriguing
Will post a comprehensive analysis later if time allows
Get ready
Sleek
DOJ To ‘Expeditiously’ Act On Biden’s Marijuana Pardon Directive, While HHS ‘Looking Forward’ To Scheduling Review
https://www.marijuanamoment.net/doj-to-expeditiously-act-on-bidens-marijuana-pardon-directive-while-hhs-looking-forward-to-scheduling-review/
Sleek
Things are looking potentially interesting again
It appears the Brittney Griner sentence may have reignited the decriminalization debate
If Schumer is smart, he would start filing some amendments to his bill to make it more palatable
Another outside shot would be Biden or the AG announcing looking into rescheduling MJ
Or maybe this is all just noise, as one day’s action isn’t too meaningful without any real headlines or followup
But sometimes this is how it all starts, so it’s worth staying tuned just in case we see some more followup
Sleek
Schumer Commits To Bipartisan Work To Pass Marijuana Reform ‘This Year’ After Legalization Bill Unveiled
https://www.marijuanamoment.net/schumer-commits-to-bipartisan-work-to-pass-marijuana-reform-this-year-after-legalization-bill-unveiled/
Get it done, Chuck!
Sleek
Looking good, SD
Regards,
Sleek
Senate Bill To Federally Legalize Marijuana And Promote Social Equity Finally Filed By Schumer, Booker And Wyden
https://www.marijuanamoment.net/senate-bill-to-federally-legalize-marijuana-and-promote-social-equity-finally-filed-by-schumer-booker-and-wyden/
Sleek
Bid sitters are going to get left in the dust, Cappy
We’ve been patiently waiting for some actual federal legislation and it looks like we are finally going to get it
The 6 states voting on Recreational MJ in November is a huge bonus and ironically most of them are Republican states — that could be the difference maker in terms of attracting enough Republican Senators to vote for Chuck’s Bill
Sleek
This could be the big one, Cappy
Most states on ballot for Rec MJ possibly ever if all 6 states qualify and we finally have federal legislation that is likely to pass, The SAFE Banking Act, plus legislation that has an outside chance to pass, MJ Decriminalization
I’m ready
Sleek
Historically the best time to get in is when the sector is really beaten down ahead of a major catalyst
We have SAFE Banking and Chuck’s MJ Decriminalization Bill coming up, and there are 6 states that have MJ Recreational Marijuana on the ballot, the biggest election for MJ since 2016
https://www.leafly.com/news/politics/election-2022-marijuana-legalization-voting-guide
Sleek
AMMJ is a lock to perform as it always does in any MJ rally, but right now USMJ looks like it wants to move higher in a more urgent fashion
Sleek
Go Cappy!
Time to root on Chuckie now
Hope all is well,
Sleek
Chuck has been a tremendous tease thus far, but now it’s time to rock
Democrats have to pass a MJ bill now as it’s all but a certainty that they will lose the House in the midterms
SAFE Banking is the low hanging fruit, but it’s not completely outside the realm of possibility that they are able to pass some form of MJ Decriminalization, even if it might be a watered down version of the original bill
Sleek
USMJ is looking very tasty here, had to add it to The Grand Salami
Sleek
2016 Grand Salami % Gains
From the lowest priced shares purchased to the peak price in November 2016:
MCOA gained 5600% -- from .0035 to .20
AMMJ gained 2370% -- from .085 to 2.10
CNAB gained 2040% -- from .1565 to 3.35
Average Gain of 3337%
Sleek
AMMJ is an enormous steal at these prices
Sleek
2016 Grand Salami % Gains
From the lowest priced shares purchased to the peak price in November 2016:
MCOA gained 5600% -- from .0035 to .20
AMMJ gained 2370% -- from .085 to 2.10
CNAB gained 2040% -- from .1565 to 3.35
Average Gain of 3337%
Sleek
Rhode Island Marijuana Legalization Bill Will Be Ready In Early 2022, Top Lawmaker Says
https://www.marijuanamoment.net/rhode-island-marijuana-legalization-bill-will-be-ready-in-early-2022-top-lawmaker-says/
Sleek
Bipartisan Bill To Regulate Hemp-Derived CBD In Food And Beverages Filed In Congress
https://www.marijuanamoment.net/bipartisan-bill-to-regulate-hemp-derived-cbd-in-food-and-beverages-filed-in-congress/
Sleek
Top Federal Drug Official Says There’s ‘No Evidence’ That Occasional Marijuana Use Is Harmful For Adults
https://www.marijuanamoment.net/top-federal-drug-official-says-theres-no-evidence-that-occasional-marijuana-use-is-harmful-for-adults/
Sleek
Bipartisan Senators Urge Passage Of Marijuana Banking Through Defense Bill
https://www.marijuanamoment.net/bipartisan-senators-urge-passage-of-marijuana-banking-through-defense-bill/
Sleek
Marijuana Legalization Attitudes Vary Significantly Within Partisan Coalitions, Pew Survey Shows
https://www.marijuanamoment.net/marijuana-legalization-attitudes-vary-significantly-within-partisan-coalitions-pew-survey-shows/
Sleek
Two Dozen Governors Call On Congress To Pass Marijuana Banking Reform Through Defense Bill
https://www.marijuanamoment.net/two-dozen-governors-call-on-congress-to-pass-marijuana-banking-reform-through-defense-bill/
Sleek
Seth Rogen And Sarah Silverman Partner With Marijuana Businesses To Press Senators For Legalization
https://www.marijuanamoment.net/seth-rogen-and-sarah-silverman-partner-with-marijuana-businesses-to-press-senators-for-legalization/
Sleek
Senators’ Defense Bill Amendment Would Legalize Medical Cannabis For Military Veterans
https://www.marijuanamoment.net/senators-defense-bill-amendment-would-legalize-medical-cannabis-for-military-veterans/
Sleek
Strong Majority Of Americans Continues To Support Marijuana Legalization At Record High Level, New Gallup Poll Finds
https://www.marijuanamoment.net/strong-majority-of-americans-continues-to-support-marijuana-legalization-at-record-high-level-new-gallup-poll-finds/
Sleek
Support For Marijuana Legalization In Pennsylvania Hits Record High, New Poll Finds
https://www.marijuanamoment.net/support-for-marijuana-legalization-in-pennsylvania-hits-record-high-new-poll-finds/
Sleek
Former Arkansas Lawmaker Launches Campaign To Put Marijuana Legalization On The 2022 Ballot
https://www.marijuanamoment.net/former-arkansas-lawmaker-launches-campaign-to-put-marijuana-legalization-on-the-2022-ballot/
Sleek
Top Federal Drug Agency Tells Congress About Marijuana Research Barriers Caused By Restrictive Scheduling
https://www.marijuanamoment.net/top-federal-drug-agency-tells-congress-about-marijuana-research-barriers-caused-by-restrictive-scheduling/
Sleek
Top IRS Official Says Marijuana Banking Reform Would Help Feds ‘Get Paid’
https://www.marijuanamoment.net/top-irs-official-says-marijuana-banking-reform-would-help-feds-get-paid/
Sleek
FDA Will Search Reddit To Learn About Effects Of CBD And ‘Emerging’ Cannabinoids Like Delta-8 THC
https://www.marijuanamoment.net/fda-will-search-reddit-to-learn-about-effects-of-cbd-and-emerging-cannabinoids-like-delta-8-thc/
Sleek