Patrick Rea @patrickrea
@poseidoninvest cannabis industry investments poseidonassetmanagement.com/about-us Boulder, CO Joined August 2008-
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@AMartinelliWA $1m for a $254m deficit? “The revenue was originally designated for specific purposes, incl the Board of Ed and the Affordable Housing Trust Fund. The city also planned to create a Cannabis Fund overseen by a Cannabis Fund Committee, which would support social equity programs..”
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An interesting question after reading the DEA’s latest rescheduling order: Does the Trump Administration try to split the baby? FDA-approved cannabis medicines and state-regulated medical marijuana appear to be treated separately in the order, while the hearing...
@V_arrell @HammanShares In cannabis - Up is down. Down is up.
@_chrisroberts Exactly. Trump doesn’t seem to be in the business of handing the Biden admin a win.
@WJonathan1267 @TheCatDaddy38 Trump has repeatedly supported MMJ, S3 rescheduling, and states’ rights on cannabis. He has never been a full-throated advocate for federal ADU legalization. I like our chances even for an MMJ-only action leading to state-led quasi fed legalization for all cannabis led by states
@_chrisroberts Just noting this doc was signed June 18th. Does its existence reinforce the MMJ/ADU divide?
@_chrisroberts Is it more status-quo-y after this? dea.gov/sites/default/…
@RyanAcker12 Optics are interesting because everyone will interpret the outcome through the lens of their own priorities and objectives. My perspective is land and expand.
@WJonathan1267 Could you say the baby has already been pre-split?
@RyanAcker12 Agree, but read this: dea.gov/sites/default/…
@WJonathan1267 Have you read this? dea.gov/sites/default/…
@Rlov3ution Virtually in the store at checkout - just like it is done in MMJ states. Quickly and efficiently.
@JDerevyanny And the states can then fix the troubling error. Progress isn’t pretty, but it’s progress. This industry is built on a land and expand strategy. Here it should be applied in any direction towards legalization, even if it feels like a zig-zag.
3. …conservatives and groups like SAM while still allowing the Administration to claim progress on cannabis reform. And then the states just need to move quickly to convert all ADU licenses to MMJ. Federal legalization just as we imagined.
2. ….focuses on the “remainder” of marijuana under the CSA. Could we ultimately see a framework where medical cannabis receives federal recognition or Schedule III treatment, while adult-use cannabis remains federally prohibited? That outcome could satisfy some….
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