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The 3 Biggest Winners from Rescheduling Cannabis?

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President Joe Biden’s support of the administration’s decision to reschedule cannabis from Schedule I to Schedule III is likely to result in considerable financial benefits for large, legal cannabis businesses and the illicit market. This action may lessen the restrictions imposed by IRS tax regulation 280E, which has banned cannabis businesses from deducting standard business expenditures. Which cannabis firms will gain the most from this change?

 

The illicit market will get a huge boost by removing the punshiments associated with getting caught dealing or transporting a Schedule 1 drug.  Now that the fines, prison sentences, and desire to enforce Schedule 3 crimes is lessened, look for the illicit market to boom across America.  It is estimated that the illegal cannabis market is 3x the size of the legal US market as of 2024, so look for that multiple to expand if Schedule 3 is enacted.  Removing a negative incentive in economics always leads to predictable action.

 

In the legal market, the largest MSOS, or those that paid the most taxes, have the most to gain by a repeal of the 280E tax code and future tax credit or refunds coming their way

 

Industry Leaders in Tax Payments

 

Rescheduling cannabis will abolish the onerous 280E tax law, potentially freeing up more than a billion dollars in tax savings for the business. Curaleaf (OTC: CURLF) and Trulieve (OTC: TCNNF), both of which make considerable tax payments, are among the firms most likely to profit. Repealing 280E limits would allow these businesses to deduct typical business costs, greatly improving their financial situation.

Truelive alone stands to get $113,000,000 in tax refunds and savings!

Senior analyst Pablo Zuanic of Zuanic & Associates believes that these tax reductions may result in improved cash flows, allowing these businesses to reinvest in development and growth. In the quickly changing cannabis market, having this kind of financial flexibility is essential for keeping a competitive advantage and encouraging creativity.

 

Zuanic has consistently highlighted the disparity between current market valuations and the potential upside, particularly if federal legalization occurs. He emphasizes that immediate cash flow improvements could lead to substantial revaluation of these companies. By enabling the deduction of ordinary business expenses, the financial statements of these companies would more accurately reflect their true profitability, attracting more investors and boosting market confidence.

 

The potential tax savings are a temporary relief and a game-changer for the industry. Analysts believe that the improved cash flow could result in substantial revaluations of cannabis companies. For Curaleaf and Trulieve, this change would mean their financial statements would better represent their actual profitability, leading to increased investments and further expansion opportunities.

 

Curaleaf’s Financial Outlook

 

Beacon Securities’ Russell Stanley sheds light on Curaleaf’s financial landscape, highlighting the company’s adept management of operating cash flow. This proficiency facilitated a successful debt repurchase post-quarter, significantly enhancing its financial stability. With the anticipated rescheduling of cannabis and the potential enactment of the SAFER Banking Act, Curaleaf stands to benefit from a transformed financial environment, potentially witnessing a substantial surge in its operating cash flow by up to 92% and free cash flow by 188%.

 

Wedbush Securities recently released a report on Curaleaf, elevating the stock’s 12-month price target from $6.00 to $7.00 while maintaining a buy recommendation. The report underscores Curaleaf’s commendable performance in key domestic markets like Connecticut, Arizona, Maryland, and New York. Projections indicate a revenue uptick to $1.50 billion by 2025, coupled with improvements in overall profitability. This optimistic forecast reflects the company’s robust financial position and its strategic market presence.

 

Proactive debt management techniques and well-thought-out market positioning highlight Curaleaf’s potential for long-term development and financial success in the changing cannabis industry. Curaleaf is in a strong position to benefit from the rescheduling of banking and cannabis legislation, which may lower regulatory obstacles and further establish the company’s leadership in the cannabis market.

 

Unlocking Trulieve’s Growth Potential

 

Trulieve’s Growth Trajectory

 

Trulieve’s growth trajectory is drawing attention, particularly from Needham’s Matt McGinley, who emphasizes the company’s operational efficiency. McGinley points out that Trulieve has achieved its highest gross margin and EBITDA rates observed in over two years, indicating strong operational performance. This efficiency positions Trulieve favorably for capitalizing on emerging opportunities in the cannabis market.

 

Key legislative advancements in pivotal markets such as Florida and Pennsylvania present significant growth potential for Trulieve. As these markets potentially transition to adult-use cannabis, Trulieve stands to benefit from increased demand and expanded market reach. Leveraging its operational efficiency and established market presence, Trulieve is poised to capitalize on these legislative shifts to drive revenue growth and enhance shareholder value.

 

Trulieve is positioned to be a major participant in the growth of the cannabis sector due to its strategic focus on operational excellence and its flexibility in responding to changing regulatory environments. Trulieve is in an excellent position to maintain its growth trajectory and establish itself as a top cannabis supplier, thanks to encouraging legislative changes and a proven track record of high performance.

 

Analysts’ Industry Impact Assessment

 

Viridian Capital Advisors offers insights into the industry impact, noting that ten MSOs exceeded EBITDA estimates by $37 million in the first quarter of 2024. This performance suggests that initial projections may have been conservative, indicating a positive trend for cannabis companies. Analysts from Viridian specifically highlight Curaleaf and Trulieve, among others, as poised to benefit from the financial changes resulting from the removal of 280E tax restrictions.

 

The long-term outlook for the cannabis industry remains bullish, with potential federal legalization driving substantial valuation growth. Pablo Zuanic from Zuanic & Associates suggests that the US market alone could justify over $110 billion in valuations by 2030 assuming federal legalization. The removal of tax restrictions would directly impact bottom lines, potentially leading to significant valuation increases for many cannabis stocks.

 

All things considered, the possible repeal of the 280E tax laws offers cannabis businesses a big chance to improve their financial standing and market value. As analysts speculate that early projections may have overestimated the sector’s potential, businesses like Curaleaf and Trulieve might gain from more cash flow and better profitability, setting them up for long-term success in the changing cannabis market environment.

 

Bottom Line

 

The impending rescheduling of cannabis and the potential repeal of IRS tax regulation 280E offer a substantial opportunity for cannabis companies to strengthen their financial positions and market appeal. Industry leaders such as Curaleaf and Trulieve stand to benefit significantly, with projected increases in cash flow and profitability paving the way for sustained growth. Analysts anticipate a positive market response, with potential valuation growth and a bullish outlook for the long-term trajectory of the cannabis industry. These regulatory changes mark a pivotal moment, allowing businesses to capitalize on newfound financial flexibility and attract investor confidence. As the sector continues to evolve, Curaleaf, Trulieve, and other key players are positioned to thrive, driving innovation and shaping the future of the cannabis market.

 

WINNERS AND LOSERS FROM SCHEDULE 3, READ ON…

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Magic Mushrooms – Should They Be Dried Out or Fresh When You Eat Them?

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If you’re considering trying magic mushrooms, you might be curious about the differences between fresh and dried varieties. Experienced users often have varying opinions on this matter. Some prefer fresh mushrooms, while others only consume them dried.

 

While many knowledgeable fans suggest dried mushrooms, some insist on consuming them raw. Of course, there are benefits and drawbacks to using fresh and dried mushrooms. We’ll talk about these variations in dose, potency, flavor, and storage.

 

We can assist you whether you’re getting ready for your first trip on psychedelic mushrooms or just want to improve your experience because there’s always something new to learn.

 

The Difference Between Fresh and Dried Mushrooms

 

Once you’ve decided to explore the realm of magic mushrooms, one of the most important decisions you’ll need to make is whether to utilize fresh or dried mushrooms. Both varieties include the hallucinogenic chemical psilocybin, therefore either will provide a psychedelic experience. However, the difference between fresh and dried mushrooms will influence dose, flavor, and storage parameters. We’ll look at these distinctions in detail below.

 

The Strength/Potency of Mushrooms

The efficacy of fresh and dried magic mushrooms differs significantly. Many users say fresh magic mushrooms are more potent than dried ones. Although not everyone shares this viewpoint, most people appear to concur. Because fresh mushrooms tend to generate a more intense trip, some users may find them more enticing.

 

Another important point is that psilocybin, the main element in magic mushrooms, is not psychoactive on its own. When psilocybin is eaten, a hallucinogenic component called psilocin is formed. Psilocybin is far more stable in fresh mushrooms than in dried mushrooms. Psilocybin breaks down in the presence of light and oxygen, which explains its stability.

 

The longer a mushroom is preserved (particularly if it is dried), the less psilocybin it contains. Because of this deterioration, fresh mushrooms might have more potent effects, and some users prefer to ingest mushrooms immediately after collecting them from a grow kit.

 

Onset and Duration

The onset of effects can vary between dried and fresh mushrooms, although individual factors also play a role. Some users report that dried mushrooms produce a faster onset, leading to a more rapid and intense experience. However, the duration of the trip is generally similar, lasting about 4 to 6 hours regardless of whether the mushrooms are fresh or dried.

 

Storage

Fresh mushrooms can have more powerful benefits, but they are more difficult to keep. Fresh mushrooms may only be stored in the refrigerator for a maximum of 5–10 days, so keep that in mind before purchasing any. In addition, compared to dried mushrooms, there’s a greater chance of spoiling. Drying the mushrooms is a sensible method of preventing waste, as a grow kit may produce a sizable harvest. When dried properly, mushrooms last for several months or even a year without losing much of their strength.

 

Difference in Taste

What flavor do magic mushrooms taste like, exactly? The usual mushrooms you get in supermarkets don’t taste like these. The taste and texture of magic mushrooms are unique, with a deep earthy flavor. Take this into consideration if you’ve never used mushrooms before. Due to the sometimes disagreeable texture of dried mushrooms, many people find fresh mushrooms to be more appetizing than dried ones.

 

Magic mushrooms, either fresh or dried, don’t have a very pleasant flavor. It is possible to improve their taste, though. They are a great addition to dishes, sauces, and tea. When heating, however, exercise caution because extreme heat can degrade psilocybin and lessen the efficacy of the mushrooms.

 

Dosage

Dried mushrooms have lost around 90% of their moisture compared to fresh ones. As a result, they weigh substantially less and have far greater psilocybin concentrations. To acquire the same impact as fresh mushrooms, use a lower amount of dried ones. For example, if you require 10 to 20 grams of fresh mushrooms for a light dosage, you should have only 1 to 2 grams of dried mushrooms. Although this may appear to be a small amount, remember that one gram of dried mushrooms has the same amount of psilocybin as ten grams of fresh mushrooms.

 

How To Consume Fresh Mushrooms

 

Here’s a guide on how to best consume fresh mushrooms:

 

1. Harvesting Fresh Mushrooms:

Fresh mushrooms, also known as “wet” mushrooms, are typically harvested before drying. Handle them carefully to maintain their potency. Look for mushrooms with fully developed caps and stems, and harvest by gently twisting or cutting them at the base of the stem.

 

2. Cleaning and Preparation:

After harvesting, clean the mushrooms properly. Use a soft brush or damp cloth to remove dirt and debris. Avoid using water, as mushrooms can absorb moisture, potentially reducing their potency. Trim any damaged or discolored parts.

 

3. Consuming Fresh Mushrooms:

Fresh mushrooms can be consumed in various ways. Here are a few popular methods:

 

a) Eating Raw: The simplest method is eating them raw. Chew thoroughly and swallow. Note that the taste and texture can be quite strong and may be unappealing to some.

 

b) Blending into Smoothies: Blend fresh mushrooms into smoothies with other fruits and ingredients to mask the taste. The sweetness and flavors of the fruits can help camouflage the mushroom’s earthy flavor.

 

c) Combining with Food: Use fresh mushrooms in your preferred dishes. Add them chopped to pasta recipes, stir-fries, and salads. Their strength may be somewhat reduced by cooking, so adjust the dosage appropriately.

 

4. Dosage and Caution:

As you eat fresh mushrooms, figure out how much is right. The potency of fresh mushrooms is influenced by their higher water content compared to dried ones. Generally speaking, you want to use around ten times as much fresh mushroom weight as dried mushroom weight. For instance, 20 grams would be the same amount of fresh mushrooms if the suggested dosage for dry mushrooms was 2 grams. However, individual sensitivity levels and the potency of mushrooms might differ, so if you’re not sure or are inexperienced, start with a lesser dosage.

 

Bottom Line

 

The decision between fresh and dried magic mushrooms ultimately comes down to taste and usefulness. Although fresh mushrooms have a more strong flavor and are frequently chosen for their texture, they are more difficult to preserve and decay more rapidly. However, because of their concentrated strength, dried mushrooms are simpler to store for longer periods and allow for a more exact dosage. Knowing these distinctions will enable you to make an informed decision that best fits your requirements and tastes, regardless of whether you’re taking psychedelics for the first time or want to maximize your experience.

 

ARE MAGIC MUSHROOMS HEALTHY, READ ON…

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Not Afraid to Die – How Psychedelics Can Help Terminal Patients at the End of Life Stage

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How Psychedelics Can Help Patients At The End Stage Of Life

 

Psychedelic drugs have long been associated with fun and recreation.


Tripping out to magic mushrooms, getting high on LSD or ketamine, spending hours in ecstasy thanks to MDMA.. these are experiences that can only be associated with positive and fun times, right? Of course! But that’s not all. While we also know that psychedelics can bring about spiritual and religious experiences, recent research and anecdotes have proven that psychedelics may also be an essential tool for patients of terminal illness – as they face the last few months or years of their lives.

 

It turns out that psychedelics actually have emotional as well as psychological benefits for terminally ill patients. Anxiety about their final day, or general death anxiety, is just one of the most common yet debilitating concerns that the terminally ill have to contend with. They also face a wide range of mental and emotional issues that can make daily life difficult, especially as their illness progresses.


Other issues that patients at the end stage of life experience include depression, suicidal ideation, fear, loss, grief, anger, frustration, regret, isolation, loneliness, and denial. The right spiritual and psychological care can help them move towards a space of peace and acceptance, instead, which are much more positive and helpful emotions. Using cannabis in hospice care is on the ballot in some states as well. How can psychedelics help with that?

 

 

Psychedelics Helps Reduce Severe Anxiety Among Terminal Patients

 

In 2016, Anthony Bossis co-authored a groundbreaking study of 29 cancer patients. During the study, he and his team discovered that just one dose of psilocybin greatly reduced anxiety and depression, which also contributed to a reduction in the hopelessness and demoralization caused by cancer among the patients. In addition, psilocybin “improved spiritual wellbeing, and increased quality of life,” they said.

In a Washington Post article on psychedelics and terminal illness, Bossis explains that exposure to psychedelics can help terminally ill patients feel a greater connection to something other than their physical selves. “After this experience, people often say, ‘I realized I’m not just my cancer. I’m not just this body. I’m something more enduring,’ he said.


There is likely a strong correlation between the spiritual experience brought about by psychedelics and the reduction of anxiety.

 

Psychedelics Reduces Fear Of Death

 

In 2022, Johns Hopkins Medicine released the results of a poll of over 3,000 adults which helped them compare near-death experiences with psychedelic drugs. The participants were divided into several groups: those who had non-drug related near death experiences, while the rest had psychedelic experiences with either LSD, ayahuasca, psilocybin, or DMT.

The researchers found interesting results, particularly that there were significant similarities among people’s attitudes towards death. Specifically, they found that just one treatment with psilocybin resulted in a sustained reduction in depression and anxiety among patients with terminal cancer. They found that around 90% of the participants, both who had near death experiences and psychedelic experiences, reported a decrease in death anxiety when they considered how their perceptions changed afterwards.

Meanwhile, many participants belonging to both categories said that their experience was among the top most significant and meaningful in their lives. They also admitted to having strong to moderate positive changes that affected their well-being and life purpose afterwards.

 

Psychedelics Reduces Depression Among Cancer Patients

 

In 2021, researchers at the Aquilino Cancer Center enrolled 30 cancer patients with major depressive disorder into a feasibility study. They were given a 25mg dose containing synthetic psilocybin called COMP360; each of them were also provided with one-on-one support with therapists over the course of their 6-8 hour treatment.

 

What followed was 8 weeks of monitoring to observe any changes in symptoms of depression. Half of the study’s participants were already taking antidepressants for their depression, and others were being treated for cancer. However, most of the patients didn’t have any previous experience with psychedelics. Using the Montgomery-Asberg Depression Rating Scale (MADRS), participants were asked to rate their depression symptoms through a survey.


While all 30 patients started with a 25.9 MADRS score, which reveals moderate depression, the period following psilocybin therapy reduced the score by 19.1 on average. “Cancer can ravage a patient’s entire life. In addition to attacking the body, cancer also impacts a patient’s mental and emotional wellbeing. It’s time we practice whole-person healing in oncology, which means meeting all the needs of our patients, both physical and psychological,” said Paul Thiambi, MD, one of the researchers in the trial.

 

Current Challenges Among Clinical Trials

 

Studying the benefits of psychedelic drugs for the terminally ill is still at its infancy. While the medical industry has surely made strides in this aspect, there’s also still a lot that we don’t know. Researchers face several obstacles that prevent them from making solid claims at this point, especially the fact that it’s difficult to ensure both participants and researchers alike have no clue they’re using the real thing or a placebo.


Furthermore, how psilocybin works in the human body is still largely mysterious. While we can certainly say that many terminally ill participants surely report less anxiety and depression after taking psychedelics, we aren’t sure how it works to cause that. There are some studies that point to stronger mystical or spiritual experiences, even among patients who weren’t actually religious, after taking psilocybin or other psychedelic drugs.

 

On top of that, there’s also the ethics and legalities that surround it. In most states, psychedelics resides in a legal gray area. Even if patients themselves want to access psychedelics, medical institutions and the law can make it challenging because of the ethical considerations of doing so.

 

Conclusion

 

No matter which way you look at it, psychedelics as a tool for terminally ill patients is indeed promising. Everyone wants to meet their final days with as much grace as possible.  

 

Thanks to the promise of psychedelics, we may be looking at a big shift in how traditional end-of-life care is approached. Terminally ill patients don’t have to go living their last few months under psychological and emotional distress; a small amount of psychedelic treatments could go a long way. One thing’s for sure: use must be properly managed in order to maximize the drug’s benefits and safety.

 

CANANBIS OR PSYCHEDELICS FOR END OF LIFE, READ ON..

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SHOULD CANNABIS BE PART OF HOSPICE END OF LIFE CARE?



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The FIFA Cannabis Cup? – Authorities Tell Football Fans to Get High and Not Drunk before European Football Match

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German police would rather have cannabis in their country than have to deal with rude, drunk football fans from England. They shared this view recently, as they get ready for a big sports event that will change the area.

 

The UEFA Euro 2024 is set to take place in Germany from June 14 to July 14. Fans from all over Europe are getting ready for the tournament. Among the 24 teams competing for the European Championship trophy are England and Scotland. Last weekend, about 40,000 fans of the England team, known as the Three Lions, gathered in Gelsenkirchen for England’s first game against Serbia.

 

To handle the large crowds and prevent trouble, a huge security operation was set up. Many news media outlets report that the operation was bigger than ever before to stop any “hooliganism.” English football fans have been warned not to chant offensive songs that might anger fans from other teams.

 

The 2024 UEFA European Football Championship is the 17th time this event has been held. It is organized by UEFA and features men’s national teams from its member countries. The team that wins Euro 2024 will go on to play in the 2025 CONMEBOL–UEFA Cup of Champions against the winner of the 2024 Copa América.

 

German police hope that by being strict and prepared, they can keep the peace and ensure that everyone enjoys the football matches without any major incidents. They believe that keeping order is crucial for the success of this major international event.

 

In an unconventional move, German police are encouraging England fans heading to UEFA Euro 2024 to choose cannabis over beer to maintain peace. At the Veltins Arena in Gelsenkirchen, low-alcohol beer will be served to minimize potential trouble, but the local police are promoting another strategy: offering pot to fans.

 

Cannabis, known for inducing a calmer state of mind, is seen as a way to keep emotions in check and prevent aggression. “It’s no problem for fans to smoke cannabis on the street,” a Gelsenkirchen Police spokesperson told The Sun. “If we see a group of people drinking alcohol and looking a bit aggressive, and another group smoking cannabis, of course we’ll look at the group drinking alcohol. Drinking alcohol can make someone more aggressive, and smoking cannabis puts people in a chill mood. We want to prevent violence and keep people safe.”

 

The spokesperson emphasized that the focus will be on monitoring fans consuming alcohol, which has a higher potential for inciting violence. “That’s why we have safety precautions in place regarding alcohol.”

 

Chief Inspector Christof Burghardt echoed these sentiments, describing England’s opening game as “high-risk” due to the historical presence of hooligans on both sides. “Serbia has many hooligans. The English guys, with alcohol, they are very aggressive. So it’s a great job to do this, to prepare, so that hopefully nothing will happen,” Burghardt told Sky News.

 

Burghardt highlighted the importance of early intervention to prevent violence. “The biggest challenge for us will be to identify violent, disruptive groups at an early stage, to separate them from peaceful and law-abiding fans.”

 

By encouraging cannabis use and limiting alcohol, German authorities aim to create a safer, more relaxed environment for all fans attending Euro 2024. This approach marks a significant shift in crowd control strategy, focusing on reducing aggression and ensuring the safety and enjoyment of the event for everyone.

 

Germany Legalizes Recreational Cannabis Use

Germany has taken a bold step by legalizing cannabis for personal use, effective April 1, 2024. This groundbreaking move ends the prohibition for adults, allowing possession, home cultivation, and the establishment of cannabis clubs.

 

The legislative journey began with the Bundestag, Germany’s parliamentary chamber, which approved the bill earlier in the year. The final nod came from the Bundesrat in March, representing the country’s 16 federal states. Under the CanG bill, adults aged 18 and older can possess up to 25 grams of cannabis and store up to 50 grams at home. Additionally, individuals are permitted to grow up to three cannabis plants per household.

 

On July 1, Germany’s cannabis legalization plan fully rolled out, introducing non-commercial cannabis clubs. These clubs provide members access to legally cultivated cannabis and are capped at 500 members each. While the legislation allows for these clubs, it does not extend to for-profit cannabis producers or retailers, maintaining a strictly non-commercial approach.

 

This progressive change in policy marks a significant shift in Germany’s approach to cannabis, promoting safe and regulated use among adults. By establishing cannabis clubs and permitting limited personal cultivation, Germany aims to create a controlled and responsible environment for cannabis consumption. This historic move is set to influence cannabis policies across Europe and offers a new model for regulation and community-based cannabis use.

 

“The fight was worth it,” proclaimed Health Minister Karl Lauterbach on X, as reported by Politico. “Please use the new option responsibly.” He added, “Hopefully, this is the beginning of the end for the black market.”

 

With the Bundesrat’s approval, Germany is set to join Malta and Switzerland in the elite group of European nations embracing limited cannabis legalization. This historic move allows adults to legally possess and grow cannabis, offering a safer alternative for inebriation at football events.

 

For British football fans, this new law presents an opportunity to reshape their reputation. By choosing cannabis over alcohol, they can enjoy the games without the aggression often fueled by excessive drinking. This shift could lead to a more relaxed and peaceful atmosphere at matches, aligning with Germany’s innovative approach to crowd management.

 

As Germany leads the way in cannabis reform, the impact on sports events and public behavior will be closely watched. This bold step not only marks a significant policy change but also sets a new standard for responsible enjoyment and public safety at large gatherings.

 

Germany’s recent cannabis legalization allows adults to possess and cultivate it, aiming to curb violence and reshape fans’ reputations, ensuring a safer and more relaxed atmosphere at the tournament.

 

SOCCER MOMS LIKE WEED TOO, READ ON…

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