TGIF, Cannabis Investors! In a speech to cannabis workers at a Natura facility, Senator Cory Booker (D-NJ) reminisced about a time when he was laughed at my senators for championing marijuana reform. Sometimes, we just need to take a moment and appreciate how far we’ve come.

Plus, find out how the U.S. cannabis market serves as a precursor for trends in Canada in an exclusive video interview with Mario Naric — CEO and founder of Motif Labs — from the Benzinga Cannabis Capital Conference in Miami. If you have missed it, do not worry! Our next Cannabis Conference is in Chicago on Oct 8-9. Get your tickets here.

Also, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

These Americans Are More Likely To Support Legalization

Briefly: As many as 60% of Americans support cannabis legalization, while just half as many oppose it, a new survey shows. 27% support legalizing psilocybin, 16% MDMA and only 15% LSD.

Specifically: People who have tried each substance are more likely to favor legalizing it than people who haven’t. 75% of adult citizens confirm using cannabis at least once. For psilocybin, LSD and MDMA, the percentage is 20%, 16% and 11%, respectively.

So What? As more people favor these substances, more new markets come to life. To learn all about the future of the cannabis industry, join us at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players, advocates, experts and policymakers.

Get your tickets now by following this link. 

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ZINGERS

Cannabis Is Now The Best Solution For Migraine Headaches According To 3 New Medical Studies

Vegas-Based Planet 13 First Quarter: $22.9M Revenue, $5.9M Net Loss, Gears Up For Florida Expansion

Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M

This Cannabis Company Expects Significant Growth Once Ohio's Retail Market Launches, Reports Slight YoY Decrease In 2023 Revenue

Cronos Cannabis Company Slashes Losses, Reports Highest Quarterly Net Revenue In Q1 2024

ONE MORE FOR THE ROAD

Cannabis Industry Eyes Regulatory Relief, Says Verano CIO

Briefly: At the recent Benzinga Cannabis Capital Conference, Verano CIO Aaron Miles discussed regulatory changes that could substantially reshape the cannabis industry’s economic and operational frameworks.

So Basically: Miles outlined the broad implications of the DEA’s pending move to reschedule cannabis for business operations, financing and market valuations, painting a picture of a future brimming with opportunities for industry stakeholders.

So What? “The rescheduling alters cannabis companies’ acquisition potential,” Miles said, adding that straightforward access to federal banking and credit card processing would alter the current financial framework for cannabis enterprises.

Click here to read more.

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