MSOS News and Press, AdvisorShares Trust Pure US Cannabis From 05/08/23

2023-05-08 14:00:20 ET Senate Majority Leader Chuck Schumer (D-N.Y.) said that a bill that would allow legal cannabis companies to do business with U.S. banks.will make it to the Senate floor, though with social justice reforms and criminal expungement language attached. Schumer made th...

2023-05-07 05:23:22 ET Summary Curaleaf reported its Q4 financials recently in line with expectations. Analysts slashed revenue and earnings projections. I think that Curaleaf, down a lot in 2023, could rally just a bit, but there are plenty of better ideas. I discus...

2023-05-04 15:10:16 ET Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking Committee, on Thursday said a hearing on the SAFE Banking Act could come as soon as May 11. "We're gonna move quickly on it," NBC News reported him as saying. Attempts to pass the legislation, whi...

2023-05-01 14:27:58 ET Although states where marijuana is legal brought in ~$3.8B in tax revenue in 2022, that was a slight decrease from the prior year, the first time that has happened. In 2021, states raked in ~$3.9B in cannabis tax revenues, according to a new report from the Mariju...

2023-04-30 12:00:07 ET Cannabis analytics firm New Frontier Data sees brighter days for the U.S. pot industry, projecting $71B of legal marijuana sales in 2030 if the current trend in state-level legalization continues even without legal immunity at the federal level. While 21 U.S. stat...

2023-04-28 13:13:55 ET House Speaker Kevin McCarthy (R-Calif.) has agreed to allow committee debate and a vote there on a bill that would legalize marijuana on the federal level. Marijuana Moment reported that Rep. Nancy Mace (R-S.C.) was able to secure the assurance. She is the sponsor...

2023-04-27 07:53:51 ET Canadian Licensed Producers ((LPs)) rose in the pre-market Thursday after bipartisan Senate and House lawmakers reintroduced a much-awaited banking bill to bring reforms to the cannabis industry. Sens. Jeff Merkley (D-OR), Steve Daines (R-MT), and Reps. Dave Joyce...

2023-04-25 01:47:39 ET Summary I have followed Planet 13 Holdings closely for years, and I include it on my Focus List of 28 cannabis stocks. I just added it to my Beat the Global Cannabis Stock Index model portfolio. The stock doesn't look cheap using projected 2023 estimates...

2023-04-20 12:21:04 ET Summary It is April 20th - happy cannabis day! U.S. cannabis stocks are down as much as 90% since 2021 highs. I discuss the elevating risks of the multi-state operators. I discuss my top stock to buy in the cannabis sector. It is April 20th...

2023-04-20 11:03:04 ET Summary I have followed Curaleaf closely since it went public in 2018. The company is the biggest American cannabis operator, but its market share isn't dominant. I called out the stock as expensive relative to peers in January, and I am not yet bullish ...