Headline 1 - NY Is Booming

The New York Office of Cannabis Management held a Control Board Meeting today, highlighting the state's strong growth in adult-use sales. Sales are on track to reach $1 billion in 2024, driven by more stores and fewer unlicensed operations. Medical marijuana companies, many of which are publicly-held MSOs, contribute significantly to this growth.

Headline 2 - Groundhog Day

Republican House and Senate leadership blocked Senate Majority Leader Chuck Schumer’s attempt to include the SAFER Banking Act in a government funding bill. Despite Schumer's efforts, opposition from Senate Minority Leader Mitch McConnell and House Speaker Mike Johnson has stalled progress. Schumer remains committed to moving the cannabis banking legislation forward, but challenges persist.

Headline 3 - Nebraska Troubles

A new lawsuit in Nebraska seeks to void successful 2024 ballot measures to legalize and regulate medical cannabis. The lawsuit argues that state-level marijuana laws are unconstitutional. The outcome could have ripple effects on cannabis laws in other states.

Plus, cannabis advisor Seth Yakatan joins us for insights on Verano Holdings based on questions he's received on whether Verano Holdings (OTC: VRNOF) is cheap for investors to buy right now.

#cannabis #cannabisindustry #420 #marijuanamovement #chuckschumer #republicans #safebanking #cannabisstocks #msos

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