In an exclusive preview from Zuanic & Associates’ recent cannabis equity research report, Benzinga reveals four key predictions for the next 18 months.
- The SAFE Banking bill is expected to pass in the fall of 2024. Key Senate players will aim for a “midpoint” compromise on add-ons and Section 10. Senate passage is likely to put pressure on the House Speaker, given that half of his caucus is in favor.
- The Biden Administration is expected to reschedule cannabis before the November 2024 election, possibly as Schedule II or III. That could have significant implications, including the elimination of the Section 280E tax code provision for medical cannabis. It would also require a regulatory framework for federal legalization, involving the FDA and potential interstate trade of medical marijuana. The likelihood of rescheduling is estimated at approximately 65% with a relevance score of five.
- The TSX is likely to experience a…
