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Morning Brew Daily

Why Weed Stocks Are So High & Betting at Dave & Busters?

May 1, 2024
28:03
Snipd AI
Discussing the potential reclassification of Marijuana and its impact on cannabis companies, the introduction of social gambling at Dave & Busters, tax regulations affecting the cannabis market dynamics, and stories about tech products in progress and pricing glitches.
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Podcast summary created with Snipd AI

Quick takeaways

  • US government may reclassify Marijuana to lower-risk drug, impacting cannabis industry.
  • Walmart's 'Better Goods' brand targets younger consumers with affordable, high-quality products.

Deep dives

DEA Recommends Reclassifying Cannabis to Less Dangerous Drug

The DEA is proposing to reclassify cannabis as a less dangerous drug, potentially moving it from a schedule one to a schedule three substance. This significant shift in federal drug policy could impact the taxation and profitability of cannabis companies, as reclassification would enable these companies to access tax deductions currently unavailable to schedule one drugs.

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