Happy Hump Day, Cannabin-vestors! The midweek slump just got much more colorful, and we're here to help you decode the secret language of cannabis colors.

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Plus, check out our cannabis chart of the week: Who's growing in Florida, and has the state gotten ahead of itself?

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TOP STORY

In A Pot-entially Pivotal Move, The DEA Feels The Burn

Briefly: The DEA is under pressure to “deschedule marijuana altogether.”

So Basically: 12 Democratic U.S. senators sent a letter signed by Senate Majority Leader Chuck Schumer to Attorney General Merrick Garland and DEA Administrator Anne Milgram urging not just rescheduling, but descheduling.
 
Quoted: "The DEA should deschedule marijuana altogether," the senators said in the letter, adding that rescheduling to Schedule III being a big step in the right direction, "would not resolve the worst harms of the current system."

So What? Is the DEA feeling the heat or just catching a whiff of the changing times?
 
What Next: Read the letter here.

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This premier event, focused on high-impact networking, offers a chance to connect and create lasting business relationships.

Engage with top industry figures in structured sessions and casual mixers, turning each interaction into a potential business breakthrough.

It’s more than networking: it’s where the future of cannabis in California (and beyond) is shaped. Be part of the defining conversation.

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FIVE ZINGERS

Smell The Greenery: The tennis courts at Flushing Meadows have taken a turn for the herbal.

U.S. Cannabis Stocks Surge By 69%: Report Breaks Down Top Performers

A Top Weed Stock Under The Radar: Strong Growth, Cash Flow Savings And Low-Value Market Position

Love is in the air, and so is the unmistakable aroma of groundbreaking cannabis discoveries!

The Queen Of Cannabis: How Koala Puffs Became The Queen Of Cannabis Content

ONE FOR THE ROAD

Canadian Cannabis Retail Giant Reports 37% Revenue Growth In 2023

Briefly: High Tide's revenue rose 37% year-over-year to $362.8 million in 2023.

What Happened: The Calgary-based cannabis retail giant filed its Q4 financial results, which also showed an increase in its positive free cash flow run rate up by 40% quarter-over-quarter.

Why It Matters: The numbers place High Tide in an elite group of publicly traded cannabis companies to consistently generate meaningful amounts of free cash flow while continuing to grow.

What Next: Click here to listen to the latest episode of the Cannabis Insider podcast episode about High Tide's retail strategies.

KEEP READING

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