SAFE is Off The Table; The Cannabis Stock With The Strongest Brand Name - $MSOS $CRLBF $GTBIF $CURLF - video Dailymotion

Benzinga

Welcome to Cannabis Daily - Your daily guide to cannabis news!  Sign up to the cannabis newsletter here https://www.benzinga.com/cannabis/newsletter  Stocks to watch: $MSOS $CRLBF $GTBIF $CURLF  Hosted & Produced By: Elliot Lane

Transcript

00:00 Good morning, good morning, good morning.

00:04 Happy Friday.

00:05 What is up my friends?

00:06 Apologies for missing yesterday.

00:08 We had a Lane family ER moment.

00:11 Uh, was not going to be able to do the podcast, but we are back rocking and rolling in action,

00:17 ready for a great, great day into the weekend and really in the month.

00:21 Push here is really starting today, y'all.

00:23 So let's do it right.

00:24 Elliot Lane Benzing is cannabis daily.

00:26 Tons of, uh, good stuff today.

00:28 We'll start on the federal side in DC safe will not happen.

00:33 Uh, pre the summer recess, Senator Sherrod Brown said safe will not happen next week.

00:38 This is per Don Murphy.

00:40 Um, recently on Twitter, also per Politico really in an article last week.

00:45 Um, this is what we originally thought to, to be frank, timeline was going to be for

00:50 the Senate at large.

00:51 We didn't think the Senate at large was going to address safe until after the summer recess

00:55 when this first all came to light.

00:57 However, we did think the Senate banking committee would have a vote on it prior to this summer

01:02 recess.

01:03 So that is disappointing, uh, in its own right.

01:05 Uh, hopefully right after summer recess, we can see, um, a little bit of movement.

01:10 Otherwise it, I think it's going to be a rough month and a half here for cannabis stocks.

01:15 So keep an eye on MSOS.

01:16 Um, no financial advice here.

01:19 Uh, but that would be my first indicator to see how people are reacting to just the delay

01:25 again of safe congressional, a new congressional committee schedules, a hearing to pressure

01:31 the FDA for federal regulation to ensure equal and safe access to hemp derived CBD products.

01:39 Absolutely necessary.

01:40 However, I don't think a hearing is going to pressure the FDA enough.

01:44 The FDA needs Congress to move.

01:46 Congress wants the FDA to do it without them.

01:48 Uh, all in all, they don't have the research qualifying this.

01:52 This is what companies like bright green BGXX on the NASDAQ are for.

01:56 Uh, so hopefully we do see more research and progress from those companies.

02:00 Uh, but that said, I think this hearing is probably going to be a waste of time between

02:05 you and me.

02:06 Good morning, Sean, Alan Nichols.

02:07 Thank you so much for tuning in as always, my brother.

02:09 Appreciate you.

02:10 Good blend.

02:11 A Pennsylvania medical marijuana company owned by parallel is closing up shop in the state.

02:17 Uh, unfortunate here.

02:18 They are laying off, I think 76 employees, uh, but parallel still operates in Texas at,

02:25 I think as well as Pennsylvania, Ohio, and a few other, uh, states as well.

02:29 Shout out to a good friend of benzing, a John Piro, a really, really capable can cannabis

02:35 attorney.

02:36 It used to be with Zuber Lawler.

02:37 It used to be with a New York centric cannabis firm and or leading their cannabis practice.

02:42 And now he has a green spoon martyr, a well traveled attorney.

02:46 We love John here.

02:47 Uh, if you're looking for a good attorney, this is not financial advice, so I can say

02:50 John is a great, great guy.

02:52 Uh, look him up.

02:53 All right.

02:54 Last but not least here, we have a really interesting note per stifle, uh, about headset

02:58 launching its data program into the Illinois market and some very interesting results here.

03:05 Cresco labs is the winner when it comes to brand power in the state of Illinois.

03:10 GTI is a close runner up as it is exceeding in the vape category, exceeding in the value

03:15 brand category and making a nice push in the pre-roll pre-roll category.

03:20 Cureleaf is the loser here with less than 5% market share.

03:24 This is per stifles note, not my opinion.

03:27 Uh, so that is unfortunate there for Cureleaf biggest growth opportunity for companies in

03:31 this market as well as really the market sales at large is pre-rolls.

03:36 No surprise there.

03:37 The ec, the economics of pre-rolls have been, um, admired of late and covered a lot of late.

03:43 So pre-rolls are what these companies should be focusing on ideally for the next few months

03:47 and getting that, uh, up and rolling.

03:50 Uh, sin wellness, AAWH on the OTC is third and Verano VRNOF is fifth.

03:57 With that said, y'all really appreciate you tuning in.

04:00 Um, if I'm looking at stocks to watch today, I'm probably just focused on MSOS.

04:04 Oh, Cureleaf as well.

04:06 Uh, and several as good morning, Gaspar.

04:08 Thank you so much for tuning in my friend.

04:10 Um, thank you all again for tuning in.

04:12 We will be back on Monday with all the rest of our news.

04:15 Until then y'all have a great weekend.

04:16 [inaudible]

SAFE is Off The Table; The Cannabis Stock With The Strongest Brand Name - $MSOS $CRLBF $GTBIF $CURLF

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