$VRNOF YoY: revenue down, COGS flat in absolute terms, GP down = very easy to see effects of price normalization without any increased share. Without not paying 66m in taxes they’d be in cash burn YTD. Just terrible results. Should no longer be considered a tier one co at a min.

Today’s non-core was yesterday’s strategic expansion. California dispensary cost $PLNH $10m (6 in cash), the grow I think was part of NGW - a CA indoor grower they did a merger with and gave 10% of the company to in 2021. These strategic delights have less than strategic ends.

Certainly newsworthy and fit to print, but I’d be surprised if Schiller has any particularly novel insight or information about rescheduling. It’s not his bailiwick. The poly market odds are much more useful as a signal than his comments. Also he is for sure trying to take

Man, I remember when a lot of people were saying things like... - $TCNNF refund is a done deal because you know the IRS sent the money back so how is there any risk? - The IRS is so gutted that they don't have the manpower to audit anyone anyway. Notice that this only refers

Couple people I've seen mention the Harborside deal as a precedent for "good deals" from the IRS. Not a good argument for a few reasons: - Harborside took their tax positions back before the IRS issued a lot of 280E-related guidance. So, the tax court ruled that even though they

Relevant to $GRUSF (fund is long) Expected and natural in maturing markets. My guess for upcoming earnings is that you’ll see GR ASP in NJ tick down but still be very healthy and their costs get more in line with OR and MI

So if this passes what’s the practical effect? Weed Drinks Guy - does this mean larger retailers pull back? Smaller retailers stay in the game and gain share under state legal regs like MN?

Some off the cuff thoughts on the politics of the hemp ban. A few more guesses: 1. I would be surprised if large retailer re-orders did not drop off. The 1 year lead in period in the bill seems calculated to allow some sell through of existing inventory to not create huge

$JUSHF

Looking forward to jumping on this. The Ultra Health case centers on actual language of 280E, which says anyone "trafficking" a drug "within the meaning of Schedule I and II." Ultra basically seems to argue: 1. Congress could have said "listed on" but didn't. So, the language

The DOJ has limited resources and them not opposing indicates they don’t think this petition has a high chance of cert.

Unfortunately for many front line workers in cannabis, fish rots from the head but is cleaned from the tail.

“According to a 2016 article, McAfee had been using the then-legal drug alpha-PHPwhich he imported from China and which may have caused his paranoia.[135]McAfee reportedly previously used the stimulant drug MDPV beginning in 2010, and was a member of the online drug discussion

Choose your gurus wisely. Pretty sure Cohodes best long ever was OnlyFans, and that was as a customer

Interesting - they are basically arguing not just for a rollback of raich but a rollback of wickard. Which makes sene legally but overturning 80 year old precedents that would upend current law…tough.

bloomberg.com/news/articles/… This Fishback dude is just one big SEO operation trying to push court records of his idiocy and malfeasance onto page 2 of search results

One of the world’s greatest judges, Judge Judy, had a great response to arguments like this: don’t piss on my leg and tell me it’s raining. The idea that the 2018 farm bill intended the fakakta industry that sprouted in its wake is pure cope.