A powerful lady named Kamala Harris wants the people who decide what is allowed to change some rules about a plant called cannabis. She thinks it's not fair that some people cannot use it for medical reasons while others can enjoy it recreationally. This might make some things easier or harder for businesses and doctors, but she believes it's the right thing to do. There is also a big meeting happening in Florida where people who are interested in making money from this plant can learn more about it and meet other people in the industry. Read from source...
- The title is misleading as it implies that Kamala Harris has the authority or influence over the DEA, which is an independent agency. She can urge, suggest, or express her opinion, but she cannot directly control their actions or decisions. This creates a false impression of her power and responsibility in the matter.
- The article does not provide any context or background information on why Kamala Harris supports cannabis rescheduling, what are the benefits and drawbacks for the patients, consumers, businesses, and society at large. It assumes that the reader is already familiar with the issue and the terms used in the text, which may not be the case for many people.
- The article uses emotional language and rhetorical questions to persuade the reader to agree with Kamala Harris' stance, such as "calls prohibition 'absurd' and 'unfair'" or "do you think that is fair?" This appeals to the reader's feelings and values, rather than presenting factual evidence or logical arguments.
- The article promotes an event sponsored by Benzinga, a financial media company that covers cannabis news and markets. This creates a conflict of interest and a possible bias in reporting the story, as it may benefit from attracting more attention to the issue and the conference. The article does not disclose this relationship or provide any critical analysis of the event's relevance or credibility.
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1. Invest in companies that produce or distribute medical cannabis, as they have a clear legal basis and potential market growth under the current regime. Some examples are Curaleaf Holdings (CURLF), Trulieve Cannabis (TCNNF), and Green Thumb Industries (GTBIF). These companies have strong brand recognition, distribution networks, and profitability in their states.
2. Invest in companies that produce or distribute recreational cannabis, as they have a high upside potential if the DEA reschedules or deschedules cannabis at the federal level. Some examples are Tilray (TLRY), Canopy Growth (CGC), and Acreage Holdings (ACRGF). These companies have large production capacities, international operations, and partnerships with major players in the industry.
3. Invest in companies that provide ancillary services to the cannabis sector, such as software, marketing, banking, or packaging. Some examples are Akerna (KERN), Weedmaps (WMH), and KushCo Holdings (KSHB). These companies have diversified revenue streams, recurring customers, and scalable business models.
4. Invest in the Benzinga Cannabis Capital Conference, as it is a unique opportunity to learn from experts, network with peers, and discover new investment opportunities in the cannabis space. The conference will feature keynote speakers, panel discussions, workshops, and exhibitors from various segments of the industry. You can get your tickets now on Benzinga's website at a discounted price before they increase very soon.
5. Avoid investing in companies that have high valuations, low earnings, or regulatory risks, as they may not perform well under any scenario of cannabis rescheduling. Some examples are Aurora Cannabis (ACB), Cronos Group (CRON), and MedMen Enterprises (MMEN). These companies have struggled with profitability, cash flow, and regulatory issues in the past, and may face further challenges in the future.