Sounds Positive...My thanks to a poster from another stock...
Analyst Call of the Week - Outlook on U.S. Legalization Plans
While the global cannabis industry awaits an update on the U.S. broad cannabis reform plans, there are increasing signs that legislators are still trying to usher in laws aimed at improving the financial affairs of U.S. marijuana operators. With many expecting Senate Majority Leader Chuck Schumer to introduce his wide-ranging legalization bill in July, new language that borrows elements from the yet-to-be-passed SAFE Banking Act was inserted into the House Appropriations bill on Wednesday. The move is a sign to BTIG analysts that the legislative backdrop for cannabis reform is gaining rapid momentum. "This is the most amount of legislative progress the cannabis industry has seen, EVER, and we believe it points to an increasing probability of something passing sooner than later as the countdown clock till the midterms ticks louder with each passing day," writes BTIG Analysts Camilo Lyon and Mackenzie Boydston in a report on Friday.
Meanwhile, independent cannabis analysts The Cannalysts cautions investors who own shares in U.S. operators that retail operations could be significantly impacted once the country legalizes marijuana federally. "But even without federal or state intervention to directly limit verticality, the timing of the excise tax coupled with interstate commerce could spell the demise of MSO retail operations in states where their cultivation cannot compete with the likes of California, or at the very least minimal further retail expansion," The Cannalysts write