Business
We're finally back in the studio! This week we look forward at the various ways the US could legalize cannabis 1) Why You Should Care about US Legalization - US is the crown jewel of the international market - Over $12B USD in state-legal sales in 2019 (vs $1.2B CAD for Canada) - Huge capital available once NASDAQ & NYSE listings are available - US has higher prices, limited licenses and far less government regulation for cannabis 2) How will US Legalization Go Down? - Likely to be a phased approached as opposed to one big legalization Several possibilities for how it can be done: a) Decriminalization b) De-scheduling or Re-scheduling (may come under FDA regulation) c) SAFE Act - access to banking and lending d) STATES Act - allows state law to be compliant with federal law e) Full Legalization - federally mandates legalization across entire country 3) What is the Biden Plan? Will it actually happen? - Biden Plan is a marketing document designed to excite the base - We need to see Biden mention the plan or champion it before believing it - Biden Plan involves medical legalization + STATES Act 4) How Will Legalization Change the Industry? - Effect on industry will depend on the type of legalization - SAFE vs STATES vs Full Federal Legalization - Being on US Exchanges will be the biggest catalyst 5) Will cannabis be allowed to cross state lines? 6) How to Invest around Legalization