New York’s Green Milestone & Federal Prohibition | The Dales Report

In today’s Trade To Black Podcast on the Benzinga network, Shadd Dales, Anthony Varrell and Benjamin A. Smith discuss the latest game-changing developments in the industry, specifically in New York. The state of New York has taken a momentous stride, allowing several RO applicants, including The Cannabist, Etain, Curaleaf, and Pharmacann, to initiate adult-use wholesale distribution, with potential plans for retail sales. This marks a significant progression, enabling adult-use businesses to take root in the state. Additionally, a release of redacted federal documents unveils insights into the medical value of the plant and the potential for rescheduling. This step sheds light on the evolving understanding of medicinal properties and sets the stage for potential shifts in federal policy regarding its classification. In a groundbreaking move, Republican Congressman Dave Joyce has introduced the STATES 2.0 Act, targeting the federal prohibition in legal states. This revamped bill not only seeks to end federal criminalization of activities compliant with state programs, but also aims to normalize interstate commerce. Moreover, it addresses critical taxation hurdles. With key provisions supporting federal tax on sales for regulatory and enforcement purposes, the legislation sets its sights on addressing overarching industry challenges. These proposed changes stand to shape the future landscape of legislation, making this a critical time to stay informed about the evolving trajectory of the cannabis industry and its potential impact on various sectors. To see more videos of the Trade To Black Podcast click the following: https://www.youtube.com/playlist?list=PLni0KRSCoiAceKtb9z2IdnnmFiVS-ZdpW Subscribe to our newsletter: https://landing.mailerlite.com/webforms/landing/i2l8u5 Add us on: Facebook: https://www.facebook.com/TheDalesReport Twitter: https://twitter.com/TheDalesReport Instagram: https://www.instagram.com/dalesreport Website: https://thedalesreport.com/ The information provided in this video is for educational purposes only and should not be considered as financial or investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. The Dales Report Inc. disclosure policy applies to this video: https://thedalesreport.com/disclosure/ In accordance with an executed agreement between The Dales Report and the aforementioned entity, highlighted either directly or indirectly in the article, The Dales Report has been engaged for a stipulated contractual duration with the purpose of publicly disseminating information pertaining to the aforementioned entity via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for our services involves the receipt of a predefined monetary consideration, which may encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations.