Exploring the implications of marijuana's shift from Schedule One to Schedule Three under the Controlled Substances Act, including changes in federal regulations, research opportunities, and tax environments for marijuana companies. Discussing the potential effects on interstate commerce, entry of new players, market competition, and opportunities for established companies to enter the US market post-reclassification. Analyzing the challenges in the legal marijuana market, focusing on high taxes, market dynamics, and evolving consumer attitudes in post-legalization landscapes.
Wall Street thinks two growth stock prices have gotten a little too high. Plus, we feature a weed company with a lot of cash.
(00:21) Kirsten Guerra and Ricky Mulvey break down earnings from Duolingo and Roblox.
Then, (16:30) Nick Sciple takes a look at the legal pot business, and a legislative change that could have profound implications on the market.
Companies discussed: DUOL, RBLX, GOOGL, GOOG, CRON
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Host: Ricky Mulvey
Guests: Kirsten Guerra, Nick Sciple
Producer: Mary Long
Engineers: Dan Boyd, Tim Sparks
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