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RiskReversal Pod
Better Man with Fundstrat's Tom Lee & Brady Cobb of Sunburn Cannabis
Sep 1, 2023
Cryptocurrency analyst Tom Lee and Sunburn Cannabis CEO Brady Cobb join the podcast. Tom Lee discusses the stock market, bond market, Bitcoin, and sentiment among Fundstrat clients. Brady Cobb talks about HHS easing restrictions on marijuana, the move to reschedule cannabis, and Sunburn's growth in the cannabis market.
58:52
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Quick takeaways
- The potential rescheduling of cannabis to Schedule 3 would have positive implications for the industry, including changes to banking regulations and removal of obstacles for other industries to enter the cannabis market.
- Cannabis reform has gained bipartisan support in the past five years, with both Republicans and Democrats favoring recreational use and legislative measures.
Deep dives
Cannabis Moving from Schedule 1 to Schedule 3
A letter from the Secretary of the Department of Health and Human Services states that cannabis should be moved from Schedule 1 to Schedule 3 based on its medicinal benefits. This is a significant development for the cannabis sector, as Schedule 3 classification would have positive implications for the industry, including potential changes to banking regulations and removal of obstacles for other industries to enter the cannabis market.
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