Curaleaf Holdings Inc T.CURA

Reality Check on the Passage of SAFE+

[ledzep4u]

Let's look at what SAFE+ means in my opinion if it passes before re-sheduling/de-scheduling:

It's still federally illegal, therefore:
- 280e still applies
- Inter-state transportation still not allowed so all processes from seed to sale must be within each legal state
- Does not provide safe harbor protection provisions to comapnies (like national brokerage houses) that hold US pot company shares. There have been cases where brokers have told their clients that they need to divest their pot shares and that will probably continue.
- Not sure that uplisting is a slam dunk due to the ongoing federal legality issues. You're listing a company that only carries on legal operations in less than half of US states.
- Mid to large institutional investors will probably not buy US pot stocks. Every mid to large financial institution have Compliance Officers that will take issue with pot stocks. They also have stringent rules about which companies they can invest in like the stock price can not be below e.g. $5 or even $10 and then, must be federally legal.
- Will pot companies be able to deal with nation-wide banks or even regional banks because you will then have banking activities that can only happen in specific states and their computer systems may not be able to segragate those activities. This also applies to major credit card companies being able to keep transactions seperate? This will be important because of what happens if a financial transaction happens from an illegal state or someone who's home address is in an illegal state?

I read something awhile back on how tough SAFE was to technically implement and how long it would take. That's why re-scheduling/de-scheduling is the answer to all of the above.

The market volitility will continue because mid to large institutions are not involved, it's basically retail investors. Look at CURA volumes when there is no news...very little. Here's a link to CURA's statistics that shows 0.22% is owned by institutions.

https://ca.finance.yahoo.com/quote/CURLF/key-statistics?p=CURLF

[Sampic]

You may be right if Safe is not included in omnibus bigger reform maybe coming.I believe we're very close to the finish line.

[TheProphetElijah]

Quiet accumulation over the holidays then Biden announces legalization date New Year day.