💰 $100 Billion By 2030?

Changes in the cannabis industry may foreshadow significant market growth.

TGIF, Cannabis Investors! We did a comprehensive analysis of more than 4,000 public comments regarding the DEA's proposed rescheduling. Here’s what we found.

Plus, learn all you need to know about the DEA's proposed rules for marijuana with our exclusive infographic. 

Also, want to win $5,000? Pitch your cannabis business and win thousands in prizes at the Benzinga and Curaleaf Competition.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

Puff Pass: Did someone forward you this email? Click here to get automatically subscribed.

TOP STORY

Briefly: Cannabis expert Kevin Hart provided insights into the recent changes in the cannabis landscape.

Who: We’re talking about the founder and CEO of Green Check Verified, not that other Kevin Hart. This one is a prominent figure in the cannabis community and an upcoming speaker at the Benzinga Cannabis Capital Conference.

What: In an exclusive interview, Hart told Benzinga that federal involvement would likely increase regulatory complexity. “We can expect more, not less, rules and regulations around the cannabis supply chain,” he noted.

So What: Hart also noted the potential opportunities. “The cannabis industry is projected to surpass $100 billion by 2030. With increasing deposits as the top priority for financial institutions, banking legal cannabis industries represents an enormous opportunity today,” he said.

What Next: Rescheduling marks a crucial step in aligning federal drug policies with state-level changes and industry realities, paving the way for a more structured and potentially lucrative future for the cannabis industry.

PRESENTED BY RYSE

Ring 一 Acquired by Amazon for $1.2B
Nest 一 Acquired by Google for $3.2B.

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened.

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

ZINGERS

Nepal Set To Legalize Medicinal Cannabis Cultivation

Bipartisan Push In Congress Seeks To Ease Access To Medical Marijuana For Veterans

EXCLUSIVE: “Crossovers Like This Will Become Increasingly More Common” — Leading Cannabis Manufacturer CEO On Rising Marijuana Use

What's Going On With Canopy Growth Stock After Earnings?

Acreage's Q1 Revenue Slips 19% YoY But CEO Foresees 'Significant Growth Opportunities' As Canopy Growth Strategy Moves Forward

ONE MORE FOR THE ROAD

Briefly: Actor and comedian Seth Rogen recently hosted the Netflix Is a Joke variety show in Los Angeles.

So Basically: The show mixed comedy, music and cannabis culture, with an audience of 18,000 people at the Hollywood Bowl.

So Then: The opening was headlined by prominent figures such as Jerry Seinfeld, Jim Gaffigan, Nate Bargatze and Sebastian Maniscalco, and featured a jazz combo.

So What: One of the event's highlights came when Rogen, in a performance that combined humor and irreverence, crowned his act by lighting an enormous fake bong for the entire audience, generating laughter and applause among the attendees, and giving a direct nod to cannabis culture.

What Else: The event also featured musical performances by artists like Post Malone and Snoop Dogg, as well as reflective moments on relevant topics, such as marijuana legalization and the importance of charity.

KEEP READING

Before you go, be sure to subscribe to our other newsletters:

Ring The Bell: If you have to pick just one daily financial newsletter, it’s not a choice. Subscribe here.

The Street Sheet: A Wall Street cheat sheet, delivered every Sunday directly to your inbox. One-click subscribe here.

Future Finance: TradFi is tired. Wake up to the future of finance with this midday fintech and crypto letter. Subscribe here.

The Flag: Top takes from Washington to Wall Street impacting policy and your portfolio. One-click subscribe here.