In this clip from The Call @ Hedgeye, Consumables analyst Howard Penney and Chief Political Strategist JT Taylor flag a renewed effort from Colorado Representative Ed Pearlmutter to pass the SAFE Act.

“Here we go again with the SAFE Banking Act being attached to another bill,” explains Penney. “We’ll see how this goes. I still don’t think this is going to get done because Schumer doesn’t want to get it done, so we’ve got that hurdle to go with.” 

“I’m with Howard, at some point [Rep. Ed Perlmutter] is going to have to throw up his arms and fight this fight again when Schumer is ready to fight the fight,” notes Taylor.

(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)