Biden Pardons + Impact of Cannabis Rescheduling on Stocks
The TDR Three Key Takeaways regarding Biden Pardons and Cannabis Rescheduling:
- Biden’s pardons may signal a shift in federal cannabis policy.
- Episode discusses impact of ‘phony capitalism’ in NY cannabis market.
- Coniglio’s insights on rescheduling impact on cannabis stocks detailed.
In yesterday’s “Trade to Black” episode, the focus was on cannabis legislation and broader financial implications. Hosts Shadd and Anthony, joined by special guest Anthony Coniglio from New Lake Capital, engaged in a detailed discussion of President Joe Biden’s recent pardons, the ongoing critique of cannabis debt lenders in New York State, and the potential impact of cannabis rescheduling.
President Biden’s decision to pardon individuals convicted of cannabis-related offenses raises questions about the administration’s stance on cannabis reform, particularly in the lead-up to the election. The pardons could signal broader policy shifts or may represent an isolated act of leniency. The episode explored the implications of these pardons. How do they affect those still incarcerated for similar non-violent offenses? Could this mark the beginning of broader reform in cannabis legislation, or is it merely a symbolic gesture?
The episode also tackled the contentious topic of cannabis debt lenders in New York State, criticized by some as “phony capitalism.” This discussion examined the financial mechanisms behind the cannabis industry in New York, evaluating how private equity and public company lenders are influencing the market. What are the real intentions behind these financial strategies, and how do they affect the burgeoning cannabis industry and social equity initiatives?
Moreover, Anthony Coniglio shared his insights on the potential consequences for the cannabis market if cannabis rescheduling happens soon. This part of the discussion focused on the immediate and long-term effects of such a policy change. What will rescheduling mean for businesses and investors? How might it influence regulatory frameworks and market dynamics?
Finally, the episode considered the broader implications of a potential TikTok ban in the U.S. How would such a move affect the digital and social media landscape? This discussion provided context to understand the intersections of technology, privacy, and government regulation.
Before the main session, Anthony Varrell will attempt to contact Senator Chuck Schumer by phone to discuss the SAFE Banking Act and its critique. This live interaction promises to add a dynamic element to the episode, offering viewers real-time insight into the advocacy and negotiation processes that shape legislative outcomes.
“Trade to Black” is an exploration of the critical issues at the intersection of politics, finance, and social equity. Join us to stay informed about issues like the Biden pardons and ahead of the curve in understanding some of the most pressing topics for cannabis regulation and cannabis stocks. Want to keep up to date with all of TDR’s research and news, subscribe to our daily Baked In newsletter.
