ACRGF - Cannabis opportunities called out by Cantor Fitzgerald ahead of election

With the U.S. election less than a month away, the cannabis sector is getting a harder look from analysts and investors for the potential implications on future legislation. Cantor Fitzgerald analyst Pablo Zuanic says state-level legalization may be priced in for marijuana stocks, but the sizeable benefits from a change in control of the Senate are not. "We think a Senate controlled by the Democrats would most likely pass some form of legislation (along the lines of the MORE Act, sponsored by Sen. Kamala Harris) that would be favorable to the US MSO group. In a nutshell, this would deschedule cannabis, so taxes would be paid on PBT and not gross profit, as per rule 280E. It would also provide access to capital and a slew of banking services that would lower funding costs (currently hovering in the low-teens or higher), reduce cash handling costs, and, likely boost demand given

For further details see:

Cannabis opportunities called out by Cantor Fitzgerald ahead of election