Do the Right Thing
@DTRTcannabis
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Cannabis is freedom. NOT a financial advisor. Opinions are my own.
Joined April 2023
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Pinned Tweet
The US government is now saying that cannabis is safer than alcohol. Let that sink in.
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Cannabis is featured in the special edition of TIME magazine.
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@unusual_whales
Would really suck for Ken if
@wallstreetbets
ran up all the weed stocks he's currently shorting.
$MSOS
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We are going much higher. This is a landmark moment in American history.
$MSOS
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Boris Jordan says he talked to the DEA today, and was told that the target is September 1st for Final Rule.
The PR will likely be published in 1-2 weeks (after OMB review). Then 60 day comment period.
DEA took 2 extra months in this process to make sure it stands up in court.
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Kamala Harris is the most pro-marijuana presidential nominee we've had. She has selected Tim Walz, the most pro-marijuana VP nominee we've had.
I don't know guys, do you think she runs on cannabis reform?
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Vote passed. Germany's Bundestag has removed cannabis from the narcotics list.
$MSOS $CURLF $TLRY
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SAFER Banking is now heavily de-risked IMO. This is going to be a fun ride.
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Found this in the DEA’s PowerPoint from their supply chain conference last year:
“HHS recommendation is binding”
$MSOS
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John Schroyer is a legit cannabis reporter with credible sources.
On August 28, he tweeted out that cannabis will be moved to Schedule 3. Two days later, the HHS letter got leaked to Bloomberg.
Today, he tweeted that marijuana rescheduling is "imminent."
$MSOS
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First Citizens Bank, the 13th largest bank in the United States, is entering the cannabis market. The bank has assets of $225 billion.
It is now the largest known bank to service the cannabis industry.
$MSOS
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Tilray did the 3rd most volume on the entire NASDAQ today. Make of that what you will.
$TLRY
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"As we legalize it, I start to agree a lot more. It's being legalized all over the country. Florida has something coming up. I'll be making a statement about that fairly soon." - Donald Trump
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CNN just had a segment talking about descheduling marijuana. This talking point is not going away 👀
$MSOS
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The FDA's marijuana review was on the front page of the New York Times today. 🔥
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This Biden tweet about marijuana currently has more views than any other SOTU tweet from his account tonight. You better believe his campaign is watching social media engagement numbers.
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It's hard to articulate how massive Trump's pro-cannabis comments are. He very rarely has talked about this issue.
So now we have both presidential candidates in support of decriminalizing marijuana. Huge.
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This Schedule 3 cannabis news is spreading like wildfire. The DEA is gonna look really inept if they don’t issue a ruling soon.
We know the truth now: cannabis is medicine.
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As of Wednesday, 97% of the public comments support Schedule 3.
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Today's recap:
1. Doug Kass says Schedule 3 is coming "shortly"
2. Corey Booker hints that April 15 is "warm"
3. Kamala Harris says Schedule 1 is "absurd"
$MSOS
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HUGE NEWS: Senate Banking Chair Sherrod Brown said Wednesday that lawmakers are closing in on bipartisan agreement to move ahead with cannabis banking legislation.
$MSOS
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Republican Senator Susan Collins is now a co-sponsor of SAFE Banking. ‼️
@donmurphy12a
$MSOS
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What a freakin’ day.
- Biden admin wants Schedule 3 announcement this month.
- GOP SAFER Banking co-sponsor said “You’ll be happy. Just be patient.”
- German government settled their differences on cannabis law.
- $MSOS closed above $10 for the 1st time since 2022.
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Okay, this could be something. Joe Biden is declaring April 2024 "Second Chance Month" and explicitly references his admin's actions on marijuana....
.
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The Drug Enforcement Administration for the first time in its history is saying that cannabis is medicine.
Let that sink in. Cannabis is inevitable.
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No more 280e for medical cannabis businesses in PA.
$MSOS
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The DEA is placing fentanyl-related substances in Schedule 1. Filed today. Published tomorrow. Cannabis to Schedule 3 next? $MSOS
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Fresh new Florida cannabis poll from Fox News (conducted June 1-4).
66% of voters would vote yes on Amendment 3.
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I am interrupting my X vacation to comment on this quote from the DOJ attorney in today's hearing:
"Rescheduling could make it more likely that banks would be willing to work with state-licensed cannabis businesses.” 🚨
Read the tea leaves...
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DEA will be proposing new rules to clarify that manufactured cannabinoids like delta-8 THC are prohibited controlled substances.
The Final Action date is listed as April 2024. It would make sense for DEA to clarify synthetics if they are also planning on rescheduling cannabis.
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This will be my last post for a bit. Need to take a break from social media.
For the first time in history, the US government is united in saying that cannabis has medical value.
It's not final yet, but it's clear where the US (and the world) is headed in regards to cannabis.
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Getting the approval from Rep. Blaine Luetkemeyer is a big deal for potential House passage of SAFER Banking.
Rep. Luetkemeyer on Sept 26:
“As it’s currently written, it is dead on arrival in the House.”
Rep. Luetkemeyer today:
"I'm at a place I'm comfortable with."
$MSOS
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Schumer just put the FAA bill next on the docket for the Senate (after foreign aid passes).
FAA reauthorization needs to be passed by May 10.
Do we actually get SAFE Banking this time?
$MSOS
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DEA has gone through 90% of the cannabis rescheduling comments, per Boris Jordan on
@TheDalesReport
.
No comments so far, including SAM’s, qualify for an ALJ hearing.
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The DEA cannabis decision, when it happens, will be posted on the Federal Register:
It updates each day at 8:45 AM Eastern Time for Regular Filings. Special Filings can drop at any time. The fentanyl one from today was a Regular Filing. FYI.
$MSOS
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I just finished reading through the HHS cannabis report again. That thing took legitimate time and effort.
We are getting Schedule 3.
IMO the hit pieces mean we are very close to a decision.
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Curaleaf Executive Chairman Boris Jordan on Spaces:
-SAFE will get marked up by October 6.
-SAFE will get a Senate vote in mid-October.
-SAFE will pass the Senate with 14+ Republicans.
-SAFE could get added to end-of-year must-pass bills after it passes the Senate.
$MSOS
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I can’t explain why, but I woke up this morning with a strong sense of peace and optimism. Things are going to work out. Change is inevitable.
$MSOS
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Kamala Harris: “Marijuana is considered as dangerous as heroin. And more dangerous than fentanyl, which is absurd.”
Schedule III incoming…
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Prohibitionist Chuck Edwards said he doesn't agree with the SAFE Banking language in the appropriations bill. Joyce then moved to report the text to the full committee, which passed in a voice vote. Excellent.
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“Nothing is happening this summer.”
Let’s check:
1. Ohio is going live.
2. Scotts-Miracle Gro M&A w/ Cansortium.
3. Green Thumb publicly reveals it wants to merge w/ big alcohol.
4. Surprise SAFE language in 2025 fiscal spending bill.
Have a good night. 🤓
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Looks like SAM will be irrelevant shortly. They are hearing rumors that cannabis will be rescheduled “today or soon.” 🤡
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It has officially been six months since HHS recommended marijuana be placed in Schedule III. We still have no clear timeline from the DEA.
@DEAHQ
@TheJusticeDept
@POTUS
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Cannabis rescheduling is officially posted on the Federal Register.
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Just keeps getting spicier. The OLC memo will be released in tandem with the NPRM.
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Spotted on Florida local news today. The marijuana amendment is currently polling at 67% yes. Will the FL Supreme Court let it through?
$MSOS
Credit:
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This "GOP committee opposition" is really just chairman Gary Palmer's views on cannabis.
The majority of the Republican Policy Committee actually voted for the SAFE Banking Act and the Medical Marijuana Research Act.
Take a look at the data.
$MSOS
House GOP Committee Urges Opposition To Marijuana Banking Bill, Saying 'Gateway Drug' Causes 'Violence, Depression And Suicide': "Marijuana is a dangerous, addictive drug with no mechanism to control rouge producers from increasing potency."
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SAFE Banking got 13 new co-sponsors in the House in the last week.
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I don't think the timing of this is accidental.
$MSOS
I fully believe the SAFER Banking Act is a necessary step in legalizing weed, but it can’t be the last.
Full legalization is critical for jobs, revenue, justice, and our veterans—we need to pass this bill and keep pushing until the whole job is done.
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According to Kim Rivers on Spaces, the NASDAQ is currently going through regulatory policy to check if a Schedule 3 move would allow for uplisting.
She said to stay tuned. $MSOS
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Jushi Chief Strategy Director said we'll hear something from the White House today. 👀
Oh boy.
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“A formal decision from the DEA is expected soon, potentially in the coming weeks, according to two people with knowledge of plans.” - NBC News
$MSOS
Add VETERANS to the list of groups pushing Biden to ease federal cannabis restrictions
“We hope that in treating the wounds of war… our servicemembers & veterans would have access to the widest array of possible treatments.”
Letter obtained 1st
@NBCNews
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“Marijuana is habit forming although not addicting in the same sense as alcohol…” - Dr. Treadway told Congress in 1937.
It has taken the US government 87 years to finally reach this same conclusion.
Free the plant. Cannabis is medicine.
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Lots of smoke around the SAFER Banking Act recently:
- Schumer circulates a petition on Friday.
- House GOP "committee" article drops yesterday opposing SAFER.
- SAM tweeted this morning telling people to contact their reps and oppose SAFER.
Vote imminent? 😉
$MSOS
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Joe Biden and Kamala Harris both tweeted about marijuana at 4:20 on 4/20. Certainly looks like an election issue….
$MSOS
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I don't think I've ever seen SAM this scared.
They wrote the House GOP policy, told their supporters to call their Senators about SAFE, and now this Senate GOP treaty letter.
Cannabis is inevitable. They know it, too.
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Just watched the FOX marijuana segments from the last couple days. Very positive towards Schedule III.
Part 1:
Part 2:
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This Reddit post is blowing up. Been trending for hours now at the top of r/politics.
$MSOS
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Massive Germany news. The vote to decriminalize cannabis has been placed on the calendar for February 21st with the law taking effect on April 1.
$MSOS
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Shit just got real, ladies and gentlemen.
I’m off to go buy a new set of highlighters to mark up that OLC opinion.
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Here's the transcript of the marijuana section of the interview Pod Save America did with Senator Elizabeth Warren.
The interview was conducted on Thursday and published yesterday.
$MSOS
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Good sign to see this tweet yesterday from the House Financial Services committee.
👇 👀
Currently, small cannabis biz's are forced to operate w/cash only, making them a serious public safety risk. We need to pass banking reforms like the
#SAFEbankingAct
, which has passed the House w/bipartisan support multiple times, to help legal cannabis biz's by getting them
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Official White House account tweeting about cannabis. 👀
$MSOS
President Biden and Vice President Harris believe no one should be jailed just for using or possessing marijuana.
That’s why our Administration has pardoned tens of thousands of people for federal marijuana possession.
1K
1K
5K
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Happy 4/20!
Today’s a good day to read the 250 page document from the FDA that proves cannabis has medical value.
Would be great to hear an update on the scheduling process,
@DEAHQ
@TheJusticeDept
.
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SAFE Banking got some new co-sponsors from the House in the last week, including some new Republicans. There are now 9 Republicans co-sponsoring SAFE in the House. Need the Senate first, obviously. $MSOS
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Two ways to look at JP's comments:
1. DEA has finished its process and handed the baton to Garland.
2. JP said DOJ but we all know DEA is within DOJ.
With how long it's been since HHS completed their review, I'd bet that the decision comes any day now.
Place your bets.
$MSOS
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Senators are requesting the DEA to respond to six questions regarding the marijuana scheduling review by February 12.
Thread: 👇
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Biden mentioned the federal marijuana review and pardons. Mike Johnson gave a head nod. Tonight was a win for cannabis.
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Warren is pumping hard af recently. She did the same prior to Biden forgiving $10k in student loans.
$MSOS
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Very interesting Wall Street Journal article published this morning. The DEA is apparently hesitant to reschedule marijuana. Full article is in the comments.
👇 $MSOS
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"There's going to be a new Cole memo that will be issued." - Earl Blumenauer
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Anne Milgram confirms there will be a Notice of Proposed Rulemaking in regards to cannabis rescheduling. Here's the full quote. 👇
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"The DEA, I think what, in like two months, is going to make it a Schedule III drug rather than a Schedule I?" - Jimmy Kimmel
"Correct." - Kamala Harris
Kamala Harris nodding her head to Kimmel saying rescheduling is happening in two months. Remember the questions and answers on talk shows are practiced and scripted in advance:
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👀👇
🚨New Biden campaign issue: weed
Biden campaign started running paid digital ads about marijuana for the first time today.
The ads call out laws for being outdated & says that Trump would remove medical marijuana protections.
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"One of the large US exchanges contacted us today. They are happy to start a conversation." 🚨🚨🚨
Uplisting?
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Looks like $MSOS got added to the 24 hour market on Robinhood. This list is reserved for popular ETFs and stocks.
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Added context regarding GTI/Boston Beer/Suntory.
-The Kovler family are the heirs to Jim Beam.
-Suntory bought Jim Beam in 2014.
-Suntory is in talks to buy Boston Beer.
-GTI (Kovler) sends a letter to $SAM about M&A.
Very interesting times ahead.
$GTBIF $MSOS
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This is one of the best, most well-researched articles in the cannabis space that I have seen.
It gives a thorough breakdown on every senator’s stance on SAFE. No clickbait, no gotcha headlines, no BS, just straight facts.
Well done!
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- Senate Dems want answers from the DEA by Feb. 12.
- Reporter John Schroyer is hearing from DC that rescheduling is "imminent."
- We are now in Black History Month in an election year.
- Biden's State of the Union is March 7.
⏰
$MSOS
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For those who don't know, the Office of Legal Counsel (OLC) is an entity of the Justice Department. Their opinions are treated as binding within the Executive Branch. If this is true, then marijuana rescheduling is headed our way. DEA has to defer to OLC.
My sources tell me the OLC legal opinion requested by the HHS is done and ready to be published. It’s also validating the HHS recommendation and in our favor regarding rescheduling. $MSOS
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Internal polling is showing that Florida adult use cannabis will pass with close to 70% saying yes.
$TCNNF $MSOS
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New York Times reporter is hearing Q1 as well for marijuana rescheduling.
👀
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They are talking about SAFE Banking with Garland right now.
$MSOS
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On Good Morning America just now.
Get ready for the cannabis media blitz for the next 6 months.
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Pay close attention to the wording used here. DEA is trying to do the process 100% by the book to avoid a decision being overturned.
This is pretty bullish IMO.
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“The Senate Banking Committee has cleared two bipartisan bills that could potentially see floor action. The first is the SAFER Banking Act, which is intended to help state-legal cannabis businesses access the banking system. It cleared the panel on a 14-9 vote.”
$MSOS
TOP in
@PunchbowlNews
AM:
@SenSchumer
looks to pivot to a flurry of bipartisan legislation he first laid out last summer.
@AndrewDesiderio
with more:
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DOJ says it's still working on a marijuana memo.
"The Department is working on developing a marijuana enforcement policy that will be consistent” with federal guidance related to state legalization initiatives, said the spokesperson, Peter Carr.
$MSOS
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“conversations with multiple U.S. senators indicated that lawmakers considered the Schedule III move a ‘done deal,’ and that they were making plans accordingly.”
$MSOS
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DNC Platform text released.
Biden admin "is taking a major step to reschedule cannabis so it's no longer classified as more dangerous than fentanyl or methamphetamine."
"Democrats will take action to expunge federal marijuana-only convictions."
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Send it.
$MSOS
Trump says he's starting to be more in favor of legalizing marijuana as more states head in that direction
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