Happy Tuesday Investors: The Department of Justice made a bold assertion in a court filing on Friday: state cannabis legalization has bolstered tourism.

This acknowledgment highlights a rare instance of the federal government recognizing the economic benefits of cannabis legalization, particularly in tourism.

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

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TOP STORY

Will Florida Pass The Cannabis Legalization Measure?

Briefly: Kim Rivers, CEO of Trulieve, argues cannabis legalization in Florida could enhance residents' quality of life.

Quoted: Asked whether Floridians will pass the legalization measure. which was approved last week by the Florida Supreme Court to appear on the November 2024 ballot, Rivers replied, "Hell yeah."

So Basically: Rivers pointed to data comparing marijuana to alcohol, saying that Florida voters stand to benefit from "having an alternative [to alcohol] that is absolutely, scientifically, evidence-backed" healthier.

Having Said That: The ballot measure needs to garner at least 60% of the vote required to become a constitutional amendment.

So What: Rivers’ confidence is not unfounded. After all, medical marijuana was approved in 2016 by 71% of Florida voters.

What Next: Kim Rivers, founder, chair and CEO of Trulieve, is a speaker at the upcoming Benzinga Cannabis Capital Conference in Hollywood, Florida, April 16-17.

Get your tickets now on bzcannabis.com.

DON’T MISS OUT

With so much happening in cannabis today, NOW is the perfect time to join 2,000+ cannabis leaders in Florida on April 16th and 17th.

Mike Tyson and Ric Flair, boxing and wrestling legends respectively, have found major success in the cannabis industry - and they find much of it at Benzinga 🔥

"I have been going to Benzinga Cannabis events for a few years now. I am looking forward to coming back this year," Tyson said. "This is the place to network and get serious about the cannabis business. Come meet us in Florida."

Get your tickets here!

ZINGERS

Cannabis Euro News: 154 pounds of weed found in French Mayor's home, Denmark closes Pot Street after multiple shootings

Cannabis giant Tilray reports 30% YoY increase in Q3 net revenue, updates FY 2024 guidance

Medical marijuana tax holiday expanded in D.C., states advance marijuana conviction expungements

GOP Senator calls out security threat at border due to Customs Agency's cannabis policies for agents

Justin Trudeau says there are no downsides to cannabis legalization, slams International Treaties' excuse to reject reform

ONE FOR THE ROAD

NASDAQ-Listed Marijuana Stocks, Tilray, Canopy, Aurora Rally: What's Behind The Surge?

Briefly: The Canadian cannabis sector is witnessing a notable upswing, driven by recent developments including Tilray's earnings report, Organigram's investor day and pivotal movements by Canopy Growth and Aurora Cannabis.

So Basically: Senior analyst Pablo Zuanic from Zuanic & Associates offered a high-level primer without investment opinions, highlighting key market dynamics and potential future shifts.

So Then: Recent legislative changes in Canada, Germany and the U.S. have positively impacted Canadian Licensed Producers, with several stocks doubling in the past month.

Having Said That: Liquidity issues in cannabis persist. Zuanic believes the most successful companies could significantly increase their market value, though they currently remain valued at about 2 to 3 times their sales, despite recent price increases.

So What: "Given the poor liquidity of the US MSOs, with stocks like Green Thumb and Trulieve only trading $5-6 million a day and being the most 'liquid', several Canadian Licensed Producers stocks are used as proxies for US exposure, Zuanic wrote in a recent analyst note.

Click here to read the report.

WHERE DEALS GET DONE

The Benzinga Cannabis Capital Conference is where deals get done.

With 2,000+ decision-makers in one room, attendees have the chance to engage in a year's worth of networking in just two days. More than 100 CEOs and 200 Investors confirmed for Investment and Branding on April 16th - 18th at The Diplomat Beach Resort in Hollywood, FL.

Don’t miss out!

KEEP READING

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