Congresswoman Nancy Mace Leads Cannabis Reform Change
Welcome to our Trade To Black podcast for Wednesday, November 20, 2024. South Carolina Congresswoman Nancy Mace discusses cannabis reform and why she feels confident that progress can be made based on recent appointee announcements by the Trump administration. Also, Cannabis Capital Markets advisor Seth Yakatan joins us to kick off his weekly Wednesday segment, discussing the latest financial news in the cannabis industry.
In a tweet on X four days ago, Nancy Mace posted: “Three years ago, we shook up Congress with the States Reform Act – common-sense cannabis reform. Now, with Republican Matt Gaetz tapped as AG by President Donald Trump, a fearless ally for freedom and reform, it’s time to finish what we started.” Find out why Nancy Mace believes this is the most comprehensive cannabis bill currently available, and why she hopes that 2025 will bring meaningful change to the industry.
We’ll find out and learn how important cannabis reform will be in Washington and what those following the industry can expect next.
Cannabis Capital Markets advisor Seth Yakatan breaks down the latest financial news in the cannabis industry, lists the winners and losers from the latest earnings season. Be sure to catch his thoughts on GTI, Glasshouse, AYR, and GTI. We’ll delve into his thoughts on how things will progress for cannabis businesses under the changing administration, and why there’s still room for cautious optimism. He stresses that federal reform, however, needs to continue to be pursued. If cannabis businesses wish to attract more sophisticated investors, rescheduling the drug to Schedule III needs to happen.
Seth Yakatan also highlights the debt maturity wall. $2.6 billion dollars in cannabis-related debt is coming due by 2026. Can the industry absorb that level of refinancing without significant federal relief? It’s a question that should concern investors. Find out why on this episode.
