Benjamin A. Smith @BenjaminA_Smith
Lead financial writer & Capital markets professional, commentator, marketer. Occasionally tweet high conviction trade ideas. thedalesreport.com 43.6766° N, 79.7848° W Joined February 2018-
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2/ The idea that the market is "telling" us something about reform timing when the entire flush this wk has been on <1% of the sector's MC is simply ridiculous. The market isn't telling us a thing, other than what we already know -- a deficient market awaiting material change.
DEA said this abt accepted medical use in a 1992 final order discussing cannabis:
Not ideal. One of the industry bellweathers, $CURLF, testing its 2024 lows on the CDN side. Rescheduling, Germany legalization, SAFR hopes etc. which had previously supported price action have vanished.
🇺🇸 @POTUS should fire @DEAHQ Administrator Anne Milgram for derelict of duty for slow walking rescheduling, despite the August '23 HHS recommendation to which they are legally binded to accept the science. Like & retweet if you agree! $MSOS #CannabisCommunity #legalizecannabis
If @DEAHQ worries their budget and search/seizure racket will vanish under Sh3, there'll still be plenty of work post hoc. 5 firefighters were hospitalized Sat after fire broke @ an illegal cannabis operation in downtown L.A. Go after the ⚫️ mkt and give legal businesses a chance
The market is suppose to be a forward-looking mechanism that 'prices in' stocks 6-12 months in advance. It's amazing that shorts have gotten so comfortable, that reform catalysts are being utterly disregarded. They are either geniuses or recent bulls are plain stupid. YMMV. $MSOS
@WallStUnicorn While I'm bothered by Biden's disingenuous #cannabis comments during the #SOTU, they all but guarantee we get Schedule 3 from the DEA.
🌡️ After last night's SOTU mention, are you more confident the DEA will reschedule cannabis? $MSOS
SCOOP: In his #SOTU Biden is expected to emphasize that no one should go to jail for cannabis related offenses. Biden is also expected to say he asked his cabinet to evaluate the rescheduling of cannabis. This is the first time Biden will speak about the issue in this setting.
@JulieNBCNews If he’s bringing it up in the #SOTU2024 at this late date, he knows rescheduling to schedule 3 is happening. There’s no way they’d remind people only to have it fail a week or two later. $msos
He works for the other team
The absolute gall of shameless pandering knows no bounds with Schumer or his out-of-touch SM staff. We're clearly being trolled, and have been for a very long time. Bring a floor vote or STFU!!! Just about everyone has had enough of this 💩 $MSOS
The absolute gall of shameless pandering knows no bounds with Schumer or his out-of-touch SM staff. We're clearly being trolled, and have been for a very long time. Bring a floor vote or STFU!!! Just about everyone has had enough of this 💩 $MSOS
What a bloodbath, all provoked by these idiot journo savants who give 'intel' about when rescheduling may/ may not happen. And when their prognostications inevitably fail, price action falls apart. Obviously isn't the only factor, but a prime one in this news-driven sector. $MSOS
Fun fact: the 5th largest $MSOS by dispensary footprint, $CBST, now has a market cap of below C$200. Outside of Canopy Growth, I can't imagine a worse stock to have owned. Truly a horror show on steroids.
In "The Boy Who Cried Wolf" a shepherd repeatedly tricks villagers by falsely claiming a wolf's presence, leading them to ignore genuine warnings when a wolf actually appears. The moral teachesthe importance of credibility. Trust is lost when falsehoods are told repeatedly. $MSOS
In "The Boy Who Cried Wolf" a shepherd repeatedly tricks villagers by falsely claiming a wolf's presence, leading them to ignore genuine warnings when a wolf actually appears. The moral teachesthe importance of credibility. Trust is lost when falsehoods are told repeatedly. $MSOS
The DEA's 'War On Drugs' morphs into a de facto war against domestic cannabis businesses by throttling access to competitive capital. Yet another example with $PLTH forced to raise @ 💩 prices due to the agency inability to right it's own wrong. Shameful. bnnbreaking.com/finance-nav/pl…
*MICROSTRATEGY TO OFFER $600M OF CONV SR NOTES *MICROSTRATEGY TO USE PROCEEDS TO BUY BITCOIN
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Mackenzie P @mpadvisorshares
588 Followers 198 Following
Isaiah Hartenstein won’t get headlines but his impact is deserving.He’s relentless on the glass,sets screens that create space for others,challenges/alters shots and does all the little things while taking no play for granted .Plays for the name on the front not the back. Winner
Great win on the road for the Knicks against a good team. Brunson an absolute star. You have to pay Hartenstein and trade Mitch in the offseason. He is a better player. Look how well he played against Sabonis tonight. You get the defense/rebounding and some offense
Isaiah Hartenstein has earned a $350K bonus for team wins in a season. New York won their 40th game of the season at Sacramento.
Off to a good start for @Golden_Rapture (CSE: $GLDR) as it officially begun trading today after closing its IPO. This is a story we think is well worth the time diving into for investors. Tight share structure, no paper at $0.02 or $0.05 (Only founders locked up for 3 years,…
@BenjaminA_Smith @stock_mj Even the Tier 1's got walked down on stellar earnings and 280E challenge news. AAWH today prints awesome earnings and also gets muted action. Dry powder for retail is out as they faked us with the rumors.
2/ The idea that the market is "telling" us something about reform timing when the entire flush this wk has been on <1% of the sector's MC is simply ridiculous. The market isn't telling us a thing, other than what we already know -- a deficient market awaiting material change.
@JavierHasse @Benzinga WHY are you repackaging news that is clearly bad journalism. You’ve clearly seen the backlash on twitter. Losing respect for bezinga
Gonna keep this screenshot from those flat earthers at SAM. You know, for a future video. $MSOS $MSOX (Thanks Mark)
👇👇 Nobody gets the games hedge funds play better than BB. This had short & distort written all over it: -The "waffling over science" premise is false (FDA science/research is binding) -There wasn't a single current admin source (DEA/HHS/WH), as they all declined comment.
I guess the WSJ article about the DEA being a little skittish to reschedule did the damage to $MSOS today -7% The media’s main sources for stories derive from hedge funds & political wonks Hard to tell which one is the driving force behind this story & its salacious headline
@BrunnCarrigg @TradetheAction Ask yourself this question: Can @POTUS afford for @donmurphy12a to be wrong about Schedule 3???
@BenjaminA_Smith It was pretty dark and gloomy right before hhs recommendation dropped… Schumer moving on SAFE, and FL supreme court not being corrupt you know what’s, could be right around the corner 🤞🏼 You know this, for others though — hold quality in case nothing happens.
DEA said this abt accepted medical use in a 1992 final order discussing cannabis:
@BenjaminA_Smith @POTUS @DEAHQ Science deniers should not be allowed to make scheduling policy .
@BenjaminA_Smith @POTUS @DEAHQ Why would he fire her if they are all in cahoots? This was the plan 3 years ago but it will bite them in the ass for slow walking it since it. probably doesn’t get done by the elections. Dems are known for having the worst strategist for a reason
Can’t wait to sell $MSOs and forget this shit show.
President Biden should fire the current DEA leadership and put in new folks that will Deschedule cannabis. This is needed because of the corrupt cycle between folks invested in continuing prohibition and over regulation. DO IT JOE!!! marijuanamoment.net/dea-officials-…
This right here, is why jurisdiction, government relations and community relations can make or break a mining investment. This is the result of losing the court battle for $GBU. From $1,000,000,000 MC to $31M in One Day. If you're trying to find todays candle, just look down.
@BenjaminA_Smith @PLegalization Dems will be annihilated. The election results will be “too big to rig”
@BenjaminA_Smith @DEAHQ Correct me if I am wrong but the DEA have taken a hands-off approach towards legal state cannabis companies, their focus have been on the illegal market.
What if Jabba the Hut had an Instagram account? 🤔
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