Good reply and I agree. The FDA choosing to use data based on 3 times the dosage of the drug format instead of addressing realistic dietary supplement doses is hopefully what Comer will address right away. Do we know exactly when that will be yet?
As far as CBD/THC, I've done the calculations too many times and have gone in circles too many times. I can't keep repeating the argument against the FDA or my face may start to turn blue.
As far as the macro, we know the banking "crisis" talk is nonsense. We know, coincidentally of course, right after "covid" kicked off, in 2020, that they reduced the reserve requirement for banks to zero. So, headlines that say people are "shocked" or "stunned" by banks not being able to cover their liabilities is just media propaganda. The story should have been headlines three years ago.
The Fed will provide whatever liquidity is deemed necessary to any U.S. bank if they feel like doing it, even banks in other countries lol. They've already publicly stated that. IMO, all us folks really have to worry about is how the story will be spun and how it will affect consumer retail spending.
The irony of it all is the timing. We may get a sector run if cannabis companies will finally be able to borrow money from banks that now have a zero reserve requirement, lol, aka no money. Ahhh, you gotta love how they make you feel thankful for being allowed to maybe borrow money from people who don't actually have money.
"The banks" are now all just conduits that directly connect the consumer to the Fed. IMO, the SAFE banking act is just a way of saying, "yes, the Fed will now loan dollars to cannabis companies through their cashless subsidiaries that we still call banks for some reason". FedNow launches this summer too, so it probably will all occur/develop together. https://www.frbservices.org/financial-services/fednow Either way, I do hope they pull off SAFE banking this time and we see a rush of investments, loans, uplists, M&A, etc. because no matter what the Fed's market game is, the way to play is always to go along to get along.
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