To help us through the election implications on the industry, we hosted a call today with two expert speakers on the topic. Andre Haroche is a co-founder of Silverleaf Venture Partners, a cannabis focused venture capital firm. J.T. Taylor is Hedgeye's Chief Political Strategist.
In our conversation with Andre and J.T., we cover where we think the industry is headed with the across the board victories of state ballot initiatives, assess how legislative dynamics could impact companies in the space, take a closer look at key political figures and their stances on cannabis, and map out potential legislative timelines for reform (SAFE, STATES, MORE, and descheduling).
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CLICK HERE for event replay (includes video/audio and materials link) |
Here are some questions considered on the call with the results of the elections to date:
- What do you expect to see in a Republican-controlled Senate?
- Do you think we will see serious movement on cannabis-related bills, like SAFE banking (which would make it easier for banks to serve cannabis businesses)?
- If there's another wave of COVID relief, do you think we can see Cannabis get included in it?
- What are the chances of the MORE Act, which would remove federal penalties on marijuana and expunge some cannabis-related records, among other things passing? Are all Democrats on board?
- What is the chance that the MORE Act gets folded into a more significant criminal justice/racial justice/policing piece of legislation?
- What impact will legalization in New Jersey have? Will there be a lot of fighting over the details in the regulations?
- Will the opening of the New Jersey market change the political dynamics in the region?
- If New Jersey legalizes, will it create a sense of urgency in New York and Pennsylvania? What about Connecticut, Delaware, and Rhode Island?
- How could the creation of five new markets change or affect the national conversation around legalization?
