SAFE

UsedState7381

This guy is bottom of the barrel in terms of who's in charge of drug policy in the government, and when I said believable I meant as a human displaying genuine concern over this, and not just someone spreading the same fucking thing over and over. And this guy can't do anything about cannabis rescheduling and SAFE Banking, I don't even understand why is annoying here believing in this at all. Are we getting astroturfed again? Definitely feels like it.

AverageNo130

True. But there are 500,000+ legal cannabis employees that need SAFE. So Trump would pick up some votes that could make a difference in a close election, it seems.

Salt-Low-1423

Lol yall such haters. Reddit if Biden made this exact same announcement: WOOO THAT'S MY PRESIDENT. THIS IS HOW YOU MAKE AMERICA GREAT! AND SAFE!

Many_Easy

There is zero definitive action(s) and sources to substantiate any recent rumours. Just talk and no action. Lots of unsubstantiated rumours and confidential sources. Basically, BS. Furthermore, let’s pretend schedule 3 is not opposed. Let’s pretend it passes. Credit should go to person that set that in motion. Also, states rights keeping as is a “do nothing” approach. GOP has historically and presently done everything they could to oppose cannabis reforms at every step. See DeSantis, Youngkin, Gaetz, Trump, McConnell, et. al. Remember that Cole Memo was rescinded under Trump. Allowing and not opposing is not the same as advocating and voting for bills. **Let’s see and grade on actions and not rumours.** Cannabis (**recreational legal,** not Farm Bill unrevised intoxicating hemp) has gone backwards and stagnated since DeSantis opposition and election of current POTUS. Markets reflect that. We want elimination of 280e, SAFE banking, and a revised Farm Bill. Medical is already in motion and is progressing well. Also, let’s focus on what current POTUS is doing, not pointing fingers at past ones. Also, let’s see that S3 passing, SAFE, Farm Bill, and legal recreational marijuana reforms **are not watered down by GOP.** As you know, POTUS is known for embellishing accomplishments. Also, let’s hope that Project 2025 writers don’t interfere. So yes, my comment have aged well and are accurate. In summary, **focus on ACTION.**

greenbelieve

Remember when Don said SAFE was passing July 2024. Yawn.

molestimesmass

“MODS CAN U PWEASE MAKE DIS A SAFE SPACE” 

cannabull1055

Please explain to me how schedule 3 and SAFE banking affects the growth of ACB. The answer is it does not at all.

cannabull1055

Sounds like SAFE may pass. It would make sense. I know Dems will lose there mind when it does but it will be what it will be.

Variant_Shades

LOL. So basically today's rally is based on a rumor? 2 anonymous senate staffers in a report by the Marijuana Herald? Since when is Trump subtle about anything? If he supports SAFE banking or any other type of cannabis bill, why doesn't he come out and say it? It's not like the GOP in congress push back at him on anything. I don't buy this at all.

Variant_Shades

I'm sorry, but I don't buy this. >The Marijuana Herald reported that Trump began discussions with several lawmakers earlier this week, based on information from two Senate staffers. The source is 2 anonymous senate staffers? Since when is Trump subtle about anything? If he supports SAFE banking or any other type of cannabis bill, why doesn't he come out and say it? The GOP in congress do not push back at him at all.

cannabull1055

No one said marijuana legalization is happening. This is about SAFE banking..... And just to be clear, everything done by Trump in terms of tarrifs, was done so he could manipulate the stock market for Trump to personally profit? How is he doing this exactly? He is investing in stocks directly? Or he has people that know what he is going so they can position accordingly? I just want to know how you think it is actually happening or you just like spouting orange man bad rhetoric.

cannabull1055

"It is factual" Lol that gave me a good chuckle. If SAFE banking passes in the next 6 months, will you still say it is Armageddon? It isn't the worst thing in the world. You are super far left pal. Don't live in a lick of reality. Most Americans are not super left unfortunately. And they are not super right. They are relatively apolitical. You have let the media drug you and it is sad. Best of luck.

Flannel_Man_

SAFE rumors or something more benevolent

UsedState7381

I'm honestly impressed that SAFE Banking rumors are still able to pump the industry like this 

Joe0Bloggs

\>Yes, essentially. Modern farming output is only possible through automation via semiconductors. We went to the moon with 1950s electronics. Are you saying that a tractor can only be driven by a control chip manufactured in the last decade? \>It's sitting there for a reason. China has a mass of housing that's empty and will NEVER be lived in. A lot are tofu dreg and aren't SAFE to live in. The apartments are sold as an investment and never intended to live in. Are we going to ignore the fact that those high rises are on land leased from the government for 70 years and not actually OWNED at all? That's still better than the housing situation in the US by a country mile. \>Where do you see that? I can't argue that point but it doesn't matter when China under Mao was willing to let people starve. What good is food when it's for export and you're starving? [https://en.wikipedia.org/wiki/List\_of\_largest\_producing\_countries\_of\_agricultural\_commodities](https://en.wikipedia.org/wiki/List_of_largest_producing_countries_of_agricultural_commodities) Does Mao have anything to do with the current political situation? I don't like the political system in China anymore than you do (I literally fled from Hong Kong 5 years ago), but what their farming scale and active takeup of both renewables and nuclear at scale, China looks to be one of the best countries to weather the coming environmental collapse, objectively speaking.

mentaldemise

> Do you eat microchips for lunch or dinner? Yes, essentially. Modern farming output is only possible through automation via semiconductors. > famously has millions of highrise housing just sitting there waiting for someone to move in It's sitting there for a reason. China has a mass of housing that's empty and will NEVER be lived in. A lot are tofu dreg and aren't SAFE to live in. The apartments are sold as an investment and never intended to live in. Are we going to ignore the fact that those high rises are on land leased from the government for 70 years and not actually OWNED at all? > China is literally the world's largest food producer Where do you see that? https://en.wikipedia.org/wiki/List_of_largest_producing_countries_of_agricultural_commodities

UsedState7381

More or less, I think I may have been a bit too harsh on him for that "fake news", but I still take anything from his "sources" with several grains of salt. Also, it's been said that the Senate wants to tackle SAFE Banking in June "at the latest", so this isn't that much of a big news. And again...It's SAFE Banking, at this point I couldn't give less of a fuck about it. It's been like what, 11 or 12 years by now that SAFE Banking has been brought back and forth? My expectations for it are below the ground.

Driftingstone

$DJT IS THE LAST SAFE HAVEN ASSET 

Scotty0o1

SAFE and SMALL trades... this is gonna turn out great

MisoSoupAndTofu

Some more info: - Yes, I closed out the position. Then I bought some NFE shares. Come tomorrow, I’ll probably be back in the red. - I sold half the put position last Thursday for $0.60, and was trying to close out the other half when the market closed. Yes, I’m stupid. It worked out in my favor this time. - I sold at $0.90 and $1. Pretty sure it’s at $1.15 right now? But, honestly, I’m happy with the gains I have. After being 40% down on my whole portfolio at one point, I’m just glad to be back in the green. - From now on I am only doing SAFE and SMALL trades <- words of a liar

MisoSoupAndTofu

Some more info: - Yes, I closed out the position. Then I bought some NFE shares. Come tomorrow, I’ll probably be back in the red. - I sold half the put position last Thursday for $0.60, and was trying to close out the other half when the market closed. Yes, I’m stupid. It worked out in my favor this time. - I sold at $0.90 and $1. Pretty sure it’s at $1.15 right now? But, honestly, I’m happy with the gains I have. After being 40% down on my whole portfolio at one point, I’m just glad to be back in the green. - From now on I am only doing SAFE and SMALL trades <- words of a liar

gaymossadist

People thought going cash or bonds was safe when the bear market started and are now down as much as equities: NOTHING IS SAFE

Slightlybadpicks

Dear Bull brethren. I WILL PUT MY TIP IN THIS DIP AND LET YOU KNOW IF ITS SAFE OR NOT. IF I DONT MAKE IT OUT ALIVE, THIS WAS FUN! 

theorizable

Not only has it been around for a while now, but the companies that are using LiDAR will be able to bootstrap vision based driving by using LiDAR data as ground truth. Essentially they just have an adversarial network where the LiDAR helps train the vision network until vision is ready on its own. Because of this, Waymo is actually better positioned to deliver SAFE vision based FSD before Tesla. By shortcutting the intermediary step, Tesla might've shown good progress early, but the remaining 10% becomes insurmountable.

foundation_

that you were SAFE your entire existence and never had a real enemy or competition whatsoever

GeoLogic23

[Regulatory chaos threatens US hemp industry](https://www.greenmarketreport.com/regulatory-chaos-threatens-us-hemp-industry/) >Still, he sees potential growth beyond current projections, especially with hemp-derived cannabis beverages making a splashy entrance to the market. >“Hemp-derived cannabis beverages, Delta-9 beverages, are coming on in a big way,” he said, noting these products are breaking out of traditional CBD shops and into “bars, liquor stores, restaurants and grocery stores.” >According to Whitney, legislative approaches to hemp cannabinoids have had unintended consequences across the broader hemp industry. The confusion also affects hemp fiber and grain sectors that have nothing to do with intoxicating products. >“**Banks are debanking hemp fiber and hemp grain companies**,” Whitney claimed. “Investors are pulling back on investment into the infrastructure.” Hemp companies that are just operating for fiber and grain are still facing banking issues. Just more reason why I think SAFE ends up in the Farm Bill.

manualCAD

I think APs of MSOS will front run SAFE Banking and/or uplisting by redemption out of MSOS and into the OTC names. MSOS "selling" the underlying shares is essentially them opening up shares to the APs without exploding the price. It would take multiple days to build large positions in the underlying MSOs with how low the volume is, unless you had a party who has a lot of shares (MSOS) who is willing to sell.

mcorliss3456

Focus efforts on SAFE Banking first, then move on to the Re-scheduling next year. De-scheduling is many years away. Conviction relief is likely never. Time for a reality check: Swinging for the fences is an effort in futility.

UsedState7381

I don't think this is about SAFE banking

manualCAD

Seemed like he had insider knowledge of SAFE back in 2022, because it was only a couple days after his tweet that the official news broke that it was failing. Maybe SAFE is forrealz this time?

manualCAD

I missed Ben's post yesterday if another "? > !". The last time he tweeted that, SAFE banking 2022 fell through and we DUMPED after the news broke. Wonder what it could be about this time....

InIce1234

Italian Prime Minister Meloni is visiting Mango on Thursday. She's bringing a deal for him... The EU is trying to bring down US tariffs by increasing purchases of LNG and weapons from the US. Italy is fully on board, with companies like ENI and Leonardo already aligning with that strategy. There’s even talk about opening up the €150B EU “SAFE” defense fund to US companies - a massive shift from its original goal of strengthening European defense autonomy. Meloni plans to pitch all of this at the White House. Trump will spin it as a huge win, which is easy PR for him, even if none of it actually materializes in the end. If I get puts tomorrow I will 100% close them before Thursday.

InIce1234

Another big geopolitical signal incoming: the EU is trying to avoid the tariffs with the US by buying more LNG gas and **weapons** from the US. Italy's fully on board, with companies like ENI and Leonardo already aligning with the strategy. There's even talk of opening up the €150B "SAFE" EU defense fund to US companies - a huge shift from the original idea of boosting European defense autonomy. Meloni will push this line during her White House visit, aligning firmly with the US stance on China too. This is bad news for EU defense stocks. Rheinmetall in particular looks overextended after months of defense hype. Source: [https://roma.corriere.it/notizie/politica/25\_aprile\_13/piano-europeo-anti-dazi-italia-7dd1db63-7443-481d-8d7d-9a72c8c75xlk.shtml](https://roma.corriere.it/notizie/politica/25_aprile_13/piano-europeo-anti-dazi-italia-7dd1db63-7443-481d-8d7d-9a72c8c75xlk.shtml) SHORT OVERVALUED AF RHEINMETALL and other EU defence next week. 

No_Link_6782

Let’s be real- the orange is a wannabe conservative, a self-proclaimed non-drinker/non-smoker and generally can’t be trusted. His support in Florida was pure performance, just pandering for votes. It’s a tough pill to swallow, but the orange is anti-anything that doesn’t serve his personal interests. Just last night, while on AF1 headed to Florida, he said, everyone thinks things are going great. Seriously? Little Marco and team are spineless and stroking his c$&?. The orange is delusional and clearly unfit for office. That said, there have been hints from some in his orbit. Matt Gaetz recently said he expects SAFE Banking and move forward to S3 under this administration. Bryan Lanza who was part of the orange’s first run and still pops up on Fox and CNN- has repeatedly claimed the orange would support SAFE and S3. Even Sarah Huckabee Sanders, as Arkansas governor, is funding school lunches and police training with cannabis tax money. And South Carolina Republican Senator, Nancy Mace penned legislation for legalization too (even though she was the first female to graduate from the Citadel- she’s still missing a few screws). I’d love to see some of the orange’s old cronies who secretly use cannabis for pain or sleep step up and influence him. Hell, look at UFC fans, Elon Musk, Joe Rogan, RFK Jr.—even they’ve embraced it. Sure, the majority of Republicans are dead set against legalization- but let’s not pretend some of them aren’t the same folks watching porn in private while pretending to be holier-than-thou. They’re full of it and chugging that Kool-Aid hard. I’m heavily invested in two companies and unrealized loss are massive. As much as I would love to see these stocks rip upward with some whispers or publicity it’s a complete long shot even with some positive signs.

Dangerous_Boot_3870

1 800 SAFE AUTO You should have played it safe. Safe Auto!

cannabull1055

Understood. But SAFE does not fix 280E. The companies would still be selling schedule 1 drugs that are subject to 280E. Uplisting could be huge too but this is tax is killing every company. They can survive with 280E and no uplisting but they cannot surive with uplisting and but 280E still in effect.

GeoLogic23

Literally the only positive federal catalysts have come from the executive branch while under a Democrat President. In the legislative branch, the Democrat controlled House passed SAFE and MORE. Once the GOP took back control they've done nothing. The Senate has been deadlocked because of the 60 vote threshold required to pass legislation. However the overwhelming majority of support for cannabis in the Senate is coming from Democrats.

DanTheManMachine

NOWHERE IS SAFE  Making money is one thing, keeping its value intact is a whole another ballgame. Now i realize how fucking Newton of all people lost million. If you invest, that carries an obvious risk. If you dont, your fucking bank could fail, your currency could depreciate, your joke of a government could take inflation to record highs

Bobbe22

Nice article, but it doesn’t really provide any new information, and it doesn’t tell us which senators are for or against, or which ones are going to filibuster. Putting SAFE to a vote would provide our sector with a tremendous amount of useful information. We could begin lobbying dissenting opinions. We could identify senators and focus campaign and advertising dollars toward their districts in upcoming elections. Even if the republicans filibuster that still gives us the opportunity to address their points, and gives more oxygen to reform on the national forum. Instead we have to deal with the toxic miasma of Chuck Sooners lies. I was foolish enough to believe him when he said major marijuana reform was coming “soon” so you’ll have to forgive me for being shy about trusting him at his word the second time around. I have no doubt that the republicans are going to deter and delay reform, but they are not stopping him from putting it to a vote all the same, which I believe is itself going to be advantageous to our interests.

GeoLogic23

I'm sticking to my multi year long prediction that SAFE is finally passed in the Farm Bill. SAFE is also an important bill for the hemp industry. My concern is whether or not they try to make it apply only to companies selling low THC products. The GOP proposed changing the language in 2019 to say that only <2% THC products would be affected by SAFE.

ProjectMagnet

I feel like we can go ahead and forget about SAFE at this point. It's been something like eight years - if congress and the senate had any interest in advancing it, it would've already been done.

pop2012

There will be no steam in this sector until federal rescheduling or some sort of SAFE bill. A 4% pop from a positive MM article is not steam. Even good earnings reports aren't steam.  Don't get me wrong, I'd like to see my numbers go up too. But realistically there's no point in getting excited until a big change happens, unless you're good at swing trading and have been capitalizing on these little pops.

backnarkle48

If/when the US defaults on its debt and/or the USD no longer is the reserve currency, it would be a disaster on a global scale. These scenarios can be simulated, but it has no precedent and the model would have very little explanatory power. Even if the model were accurate, the result would be unhedgeable as every asset would have a correlation of one. Even gold prices would fall as it would be used for liquidity. There is NO SAFE HAVEN if America defaults.

backnarkle48

It would be a disaster on a global scale if/when the US defaults on its debt and/or the USD no longer is the reserve currency. These scenarios can be simulated, but it has no precedent and the model would have very little explanatory power. Even if the model were accurate, the result would be unhedgeable, as every asset would have a correlation of one. Even gold prices would fall as it would be used for liquidity. There is NO SAFE HAVEN if America defaults. Though nihilistic crypto boys certainly are cheering America's demise, as they think BTC will be the safe haven. That's the reason they've hitched their wagon on Trump's nihilistic impulse to destroy. It is because of these two worst-case scenarios that the orange man-child had to walk back his petulant driving-the-bus-off-the-cliff tariff policy. The adults in the room (ie. the US oligarchic capitalists) told Donnie it's time for a nap. Crucially, the system of check and balances is broken. If that is not resolved, we will see more erratic behavior from the Executive.

manualCAD

Don't get discouraged. There's likely collusion between mods and regulars here. I caught a week long ban last year for talking about stablecoynes when SAFE was nearly added on as a rider to a stablecoyne bill in the Senate. Didnt make sense. Good luck with your investments.

BlacksmithGeneral

My wife immigrated from China to Boston 4.5 years ago and her son came last year . They both were astonished at the conditions of our roads , bridges and other infrastructure. I took her thru Mass Ave section where all the homeless and addicts are doing drugs openly (super sad to see all those lost souls) she was horrified and rightly so! Her family and friends always show me on FaceTime China and I’ll be honest, ITS BEAUTIFUL , CLEAN , SAFE . I feel shameful how fall we’ve fallen 😔

Outrageous_Laugh5532

The funny thing is. I think the market turmoil and trump policies could accidentally leader to an upside for weed. States getting federal funding cut needing to legalizing recreational for more tax revenue. Plus banks needing cash from businesses so needing SAFE to pass. Plus’s vice use goes up during recession.

germanator86

Almost all dems support SAFE. and almost all GO P senators are against, but its Schumers fault.....right.

Bobbe22

Oh no, the DEA has halted what minuscule progress the Biden administration has made on cannabis reform, say it ain’t so! But seriously, this should be coming as a surprise to literally no one. I never had shred of faith that the DEA would do anything other than delay and interfere with reform. Chuck “Soon” Schumer bringing SAFE to a vote was our best chance and he absolutely blew it. I have nothing but contempt for this man and his inability to build an effective coalition. It passed the house with a super majority, like, this should have been the easiest political layup of this man’s entire career! But he couldn’t get it across the finish line. Oh and the kicker of it all, it overwhelmingly serves to hurt businesses in democratic states. Thanks Sooner, and go fuck yourself.

TheIntrepid1

Our gas-stoves are *SAFE*

GeoLogic23

"Combined with an extremely high level of THC...." I hate how much the GOP are focusing on high THC content. If it's a higher THC you actually smoke less and achieve the same results. Seems like a good thing to me. But it's no different than what they've been doing for years. Like in 2019 when they were trying to exclude any cannabis over 2% THC from being included in SAFE Banking. Their complaints are "high THC" and "smells bad", which is why I believe we'll get bipartisan action at some point that addresses low-dose hemp market. Around the end of last year (after Trump's election), the head of the Coalition for Adult Beverage Alternatives sounded pretty confident they were going to be getting legislation sometime this year. The timing would make sense, with so many key states like California, Florida, Illinois, New Jersey, etc all currently figuring out hemp regulations. And also the long-awaited Farm Bill has got to get passed at some point. This year seems like it has to be the finish line for it, since it's sooo long overdue and next year will be more elections. The Farm Bill will absolutely be addressing the definition of hemp.

cannabull1055

It has been 2 months. Anyone said they would be "great" for cannabis stocks is an idiot. It doesn't mean they can't get something done on SAFE banking or rescheduling in next 4 years. Once again, thinking Trump was going to something on marijuana in the first two months of this term is brain dead thinking.

Exotic_Negotiation80

Trump and the GOP will be great for this sector, he is pro buisness! RFK is pro cannabis! Shumer never brought SAFE for a vote!

Illustrious_Post_519

I agree. All the Trump supporters who said he would be good for MJ are ill informed. Joe Biden was the one who initiated Frye rescheduling consideration a couple years ago. All Republicans, led by Skeletor’s doppelgänger Mitch McConnell, united to block SAFE Banking every step of the way during the Biden admin.

OorvanVanGogh

Lets be honest with ourselves, based on fundamentals the marijuana sector and the market in general have been highly overvalued. And, quite frankly, right now this stuff is going from grossly overvalued to less grossly overvalued. Without positive regulatory movement that would lift the whole sector, the game for now is to play individual stocks one vs another. Or look at other sectors for the time being. I am still of the moderately optimistic view is that Trump isn't going to be good for marijuana stocks, but will not roll back what's been achieved to date on the regulatory front, so won't be that bad either. Except for weaker companies that may not make it to the rescheduling/SAFE/280E reforms.

cannabull1055

Why does it have to be a MAGA take? Those are pretty much all facts (we can ignore SAFE cause we both have our opinions). Those are facts. You really start to get so annoying because you never want to discuss any substance. It is always insulting and "MAGA" this. You never refute any statements. Let me hear the reasons.

UsedState7381

Oh yeah absolutely, that is also my guess...it's pretty much a given at this point, given how much they have been slow rolling this shit. However, I see this meaning two things: 1) It feeds into my theory that Trump wants nobody to front run any decisions regarding cannabis rescheduling, and he himself wants to give the news so he can give credit to himself for it, he wants to steal this and SAFE Banking from Biden and the Democrats. 2) It gives himself enough room for it, it's been made pretty clear by now that cannabis is on the backlog of priorities of this administration for now, but things can change in this 90-day period...A interview with him and a certain cannabis advocate and business man can happen, and in said interview the matter than come up naturally. 3) Unfortunately, if this comes true then I wouldn't expect any relevant news for 4/20...Meaning that this month is going to be flat(and I was hoping for pump, as the situation naturally present itself).

cannabull1055

Could not have done much more? Where was that Garland memo? Where were Chuck Schumer and Cory Booker on SAFE? Where was Anne Milgram (Biden's direct appointee) on the rescheduling process? They effectively did nothing. Don't like they couldn't have done more. They weren't vocal about it at all until the election season and Biden did not care about marijuana just like Trump doesn't care.

BHOmber

DEA delayed the S3 process after HHS handed it off to em. We all know how fed law enforcement feels about spooky scary plants. Sleepy Joe's admin admittedly did more than any other admin for reform. That is a fact. There's not much more they could do. McConnell blocked SAFE/cannabis legislation over 10 times in the Senate. Our system of checks and balances does not work with a 60+ filibuster-proof majority in a split government. Learn civics for *fuck's* sake.

GeoLogic23

Are you under the impression that cannabis companies don't use banks at all? They are in the same situation. The more legitimate banks and financial institutions are hesitant to get involved with them, whether "hemp" or "cannabis". From SAFER Banking: >Section 12619 of the Agriculture Improvement Act of 2018 legalized hemp by removing it from the definition of marihuana under section 102 of the Controlled Substances Act >**Despite the legalization of hemp, some hemp businesses (including producers, manufacturers, and retailers) continue to have difficulty gaining access to banking products and services** >Businesses involved in the sale of hemp-derived CBD products are particularly affected, due to confusion about the legal status of such products. So the actual SAFER Banking bill is explicitly saying you are incorrect. The US Hemp Roundtable has also explicitly said [they want SAFE Banking](https://hempsupporter.com/news/safe-banking-act-nears-finish-line/). This is from 2024: >**Exciting news, Hemp Supporters! Insider reports indicate that we are on the brink of a breakthrough with the Secure and Fair Enforcement Regulation (SAFER) Banking Act**. >In recent years, the hemp industry has experienced significant growth, driven by increasing demand for hemp-derived products such as CBD oil, textiles, and food supplements. However, despite this growth, businesses operating in the hemp sector have faced **numerous challenges, particularly regarding banking and financial services.** Idk where you are getting the idea that SAFE isn't necessary for hemp. Could you provide any source for your claim that contradicts the several sources that I have provided?

Many_Easy

Since hemp was legalized under the 2018 Farm Bill, banks already work with hemp and CBD businesses legally. Sure, some banks may be a bit hesitant, but SAFE really has little impact on hemp.

GeoLogic23

There's a whole section in SAFE regarding hemp/CBD companies, saying they face similar problems as cannabis companies. SAFE has been around for many years, but after the GOP legalized hemp/CBD with the 2018 Farm Bill, a Kentucky representative got the [language in SAFE changed to explicitly cite hemp](https://barr.house.gov/2019/9/congressman-barr-s-amendments-to-help-hemp-and-cbd-industries-to-access-banking-and-financial-services-passes-house). Then SAFE went to the Senate, where the GOP committee chairman [proposed changing the language in SAFE so that it only applied to "low-THC" products](https://thecannabisindustry.org/press-releases/cannabis-industry-groups-urge-chairman-of-senate-banking-committee-to-advance-house-approved-cannabis-banking-bill/). >"The letter specifically addresses the senator’s suggestion that **banking services might only be made available to businesses that sell cannabis products that test below 2% THC**, making it nearly impossible to operate profitably. The US Hemp Roundtable has also cited SAFE as a goal of theirs for a long time. Here's them [from 2022 ](https://hempsupporter.com/news/u-s-hemp-roundtable-board-meets-with-u-s-senate-minority-leader-mitch-mcconnell-and-other-leading-members-of-congress-during-d-c-fly-in/)when they flew into DC to meet with McConnell and others. >"....meeting personally with U.S. Senate Minority Leader Mitch McConnell (R-KY), several members of Congress, and Congressional staff to advocate for the FDA regulation of CBD, **SAFE Banking for hemp businesses**, and the provisions within The Hemp Advancement Act."

GeoLogic23

There is a whole section of SAFE explicitly about hemp/CBD.

Many_Easy

Do businesses selling intoxicating hemp products require SAFE banking? I don’t think they do.

GeoLogic23

Pushed them last year during the transition? And we didn't hear a single thing about it, and no GOP votes changed? This reporting feels odd to me. Cynically, i see this as them laying the groundwork for the GOP to pass SAFE Banking for hemp. I've always said the GOP have been pretending to support SAFE because they want it specifically for hemp businesses.

GeoLogic23

It says he "quietly" pushed them last year during the transition. Not sure when Trump has ever done a single thing quietly, so i take this reporting with a major grain of salt. Apparently him pushing SAFE isn't enough to swing even a few GOP votes though? Doesn't add up to me.

ProjectMagnet

remember when Don Murphy tried to take shots at the US Cannabis industry for not doing enough to get SAFE banking passed, even though he's a paid lobbyist who's only job was supposedly to lobby support for SAFE banking and hasn't achieved anything of note in the last five years?

RealEstateWindsor

What about Booker laying himself down for SAFE banking, and Schumer playing you guys a fool with his carrot dangling? BuZZ oFf hurr hurr 🥴

volckerwasright

The new drug czar spoke neutral to positively about SAFE banking and you found a way to be negative about it, incredible

cannabull1055

haha nice try. Why didn't Garland put out a Garland memo protecting marijuana? Why did Cory Booker vow to lay down to block SAFE banking? Why did Joe Biden wait 2 years into his term to initiate the rescheduling review? Why did Anne Milgram refuse to sign the order on schedule 3? I have followed this sector closely. Republicans are clearly very anti marijuana. Democrats on the federal level have not been great and have alot of blame. A spade is a spade. You can deny and blame Republicans for everything but that isn't the truth in this sector.

NattyLight2020

SAFE?? 52 week high is $613. 610 strike. SAFE???? My god

JahMusicMan

How do we know that FSD is ready and more importantly SAFE? Simple. Select a random Tesla with FSD and make Musk put him and his degenerate family in a FSD Tesla. If he's so confident that FSD is safe, then he'll have no problems riding around in a FSD for a week or more.

Gambelero

Every time something happens process-wise we get a revaluation based on an adjustment of the probability of rescheduling or SAFE occurring. At one time someone had most people this board convinced that rescheduling would occur before the end of 2023–and all our MSOs would get to wipe 280e lines off the books. Last year at this time, a relentless poster had people convinced they would skip the proposed rule->public comment->ALJ process and issue a final rule. Even in April and May an overwhelming majority of people here were convinced S3 was going to happen. Now, merely setting a date for the ALJ hearing would be a huge catalyst. The new anti-cannabis DEA head canceling the hearing would be a negative catalyst, an indication that S3 isn’t going to happen at all without a change of government. The house leadership could deciding they like the concept of safe banking would be a major catalyst. Random pro-liberalization introducing bills not so much. My point is that S3 or SAFE aren’t going to just “happen.” Most of the upside will have already occurred by the time we finally reach a final rule on S3 or get an actual piece of legislation liberalizing the rules signed into law.

mr_molecular

SAFE is a really long shot. I don’t see any congressman taking the lead on it. Perlmutter authored it and pushed for it, but he retired last session and no one else has stepped up to lead. It’s not a priority for anyone. I really don’t think rescheduling can happen without a hearing. I realize it’s technically possible but I just don’t see it. I think we wait on the new DEA administrator to be confirmed next month. Then a couple months before he even looks at continuing the hearing. Then a couple months to work thru the hearing, if it even continues. Maybe another month to announce a final rule, which can still be subject to challenge.

cannabull1055

I don't think Ben has a lack of capital markets bro. Industry leading financing rates. I think he is going to be okay. Maybe he does have this knowledge and he is airing it out. Regardless, I like it. Of all the MSO CEOs spewing the BS that Washington will do something, Ben is one of the only that said on the most recent call that he doesn't expect shit of washington because they are all crooks. So do you want the pumper Boris Jordan who has promised SAFE every six months now for 5 years or Ben? All in all is to say, you are making a mountain out of a mole hill. Green Thumb's financials speak for management. That is really it. Maybe this isn't the greatest look ever for Ben, but it does not matter. No one cares. And they shouldn't care. It doesn't matter.

Many_Easy

They didn’t have 60 votes for SAFE. We’ve been through this “what if he brought it to the floor” BS scenario too many times to count.

zygodactyly

>perhaps he's just giving trump more leash to hang himself...at this point, them standing in the way just makes it easier for trump to deflect blame. he will anyways of course but this move makes it harder... Thanks for this take, I hadn't thought of that, and I think I agree. Give em enough rope. Meanwhile, total disgust with Schumer, even though I've voted for him. I hated how he kept teasing cannabis, giving us these speeches all around his lame CAOA proposal. And if he didn't have the votes for SAFE, fine, tell us this, but he never actually did tell us this himself, did he? He shoulda pressured the prohibition votes publicly or STFO. He should have brought SAFE to the floor for a vote even if it failed; this would have brought more attention to cannabis and consolidated interest. But no, he just had to keep vilifying cannabis businesses, didn't he.

anddam

>Day P&L -89.62% >Risk level: SAFE 

cannabull1055

Yes. But unfortunately, most all companies are losing money due to 280E and alot of the positive cash flow is due to deferring taxes. I agree there can be big time upside but if there are no changes on federal level with regards to 280E or SAFE banking/uplisting, these stocks are generally in a poor financial position.

GeoLogic23

Always the Dems fault somehow with this guy. Don was one of the people pushing the idea that the GOP just want a clean SAFE. So why don't the GOP offer that as an amendment themselves? Where is Rand Paul? He was claiming they have 70 votes for SAFE or whatever ridiculous number he pulled out of his ass? Shouldn't he be submitting a clean SAFE amendment? If Senate Republicans don't, we have to ask, "Why not?".

_FIRECRACKER_JINX

Mkay. What about grandpa's and grandma's "SAFE" pension and retirement funds, that are all essentially invested in SPY like "SUPER SAFE" funds. Are they supposed to come OUT of retirement and go back to work? Or are they supposed to stay put, and watch their retirement funds dwindle and wither away??

Bobbe22

Well I finally threw in the towel and sold my MSOS holdings. Not quite sure what my original cost is at this point, I’ll have to comb through my statements later to try and get an exact figure, but I’m probably looking at a cumulative loss of about 85-90%. I’ll be rolling the proceeds into GTI and IIPR. I’ve been combing through the financials of the other holdings in MSOS and they’re all either very unprofitable, very laden with debt, or both. Even if the senate passes SAFE this year, GTI and IIPR are the most well positioned to benefit from that. GTI has the best EBIT margin behind IIP, and IIP has almost no debt relative to their capital so they have tremendous room to leverage their balance sheet in the event of federal reform. GTI and IIPR both have some semblance of a price floor, and they have cash in the bank to continue growing operations without diluting shareholders. I’ve generally agreed with Dan Ahrens selection, except for his dispersion of IIPR. If he had held that allocation it would’ve been the best performing asset in the fund besides cash. Other than that, I don’t blame him for the poor performance of the sector as a whole, nor do I hold a grudge. I’m grateful that him and his team helped serve as a guiding light for my portfolio in this turbulent sector. Once I finish rebalancing my positions, I’ll be taking a break from investing while I pay down my auto loan. It’s been a heart wrenching experience to watch everything unfold over the past 5 years, and I hope to come back to both investing and this sector with a renewed perspective. One final note: keep a diversified portfolio, both inside and outside of the sector. Cheers.

skyplt29

Many\_Easy: I very much miss some of the great discussion we used to have on this site. I am sure all of the stalwarts are still lurking, just waiting for evidence of a change in fortune. Some sort of SAFE or S3 type of catalyst is required. None of us know if or when that will occur (or not).

feeshNjolf

If you decide to buy, take profits from time to time. I've waited for actual reform like SAFE banking, schedule 3, and FL adult use. None of those came to fruition so I am down, a lot.

snark42

SAFE and Medical for Vets (would require rescheduling) are steps in the right direction, even if it's not full federal legalization.

Many_Easy

I was getting excited until I saw the Don Murphy name. He’s a lobbyist that is backed by some anonymous big name donor and he’s more about SAFE banking and medical for veterans. Possible good news, but remember that it’s from yet another unnamed source and rumour.

manualCAD

Not sure if you're being facetious, but it was the only thing to talk about all of 2023 where the stocks just went sideways and nothing was happening until we mega dumped when SAFE rumors fell through.

ruat_caelum

Did no one read the study that showed there is NO SAFE RAINWATER anywhere on earth because of PFAS. Literally, in Mongolia and Antarctica the rain water has too much PFAS to be considered safe to drink. (Along with much higher levels everywhere else) And the graphs... those are log not linear so it's way worse that it looks. https://pubs.acs.org/doi/10.1021/acs.est.2c02765

CoolWerewolf

The fact the Nasdaq is up over 1% is comical MARK SAFE FROM THE GREAT MARKET CRASH AND TRADE WARS OF 2025

cannabull1055

Yeah. Their operationally efficiency is BAD. Boris has been promising SAFE was going to pass forever. He is just a blind pumper.

cannabull1055

MSOS is not going $50 on super majority unless they actually do something. The market is no longer accepting hype. The market needs actual action in the form of schedule 3, SAFE banking, or legalization.

Exotic_Negotiation80

If he just would have brought SAFE to a vote! *shakes fist at sky*

UsedState7381

Nope: S3 in limbo for an unknown amount of time; Trump appointed A LOT of cannabis prohibitionists for several key government positions, specially the DOJ and DEA heads; Conservatives are looking into keeping 280E tax for cannabis businesses even if S3 passes; SAFE not happening unless the debanking hearings turns the conversations in that way and it's unlikely; A mountain of debt will hit the industry in 2026 and several Tier 1 and 2 companies are risking going under because they aren't paying their taxes. As if that wasn't enough, there's a deafening lack of interest by the market on these stocks. If you're out, better stay out.

trainwreck001

IMAGINE THINKING AAPL IS A SAFE HAVEN... 

Exotic_Negotiation80

It's just not possible to reach a level of profitability in this sector that would drive stock price appreciation. As long as 280e exists, these companies will choke. Now we are witnessing multiple efforts by republicans to try and keep that repressive tax in place even *IF* schedule 3 somehow passes. *Still* no good news about SAFE banking, *still* no good news about S3. There was a reason that cannabis stock prices all went off of cliff after Trump won the election. I lost over $100K that day. To anyone here that voted Trump or for *any* republicans that day, *FUCK YOU!*

Tiaan

This has nothing to do with SAFE and it sounds like it's exactly up the GOP's alley - "We'll let it be rescheduled to 3 for more research, but let them be treated like normal businesses from a tax perspective? over my dead body!"

The_Milkman

Federal legalization is only part of the story. The passage of the SAFE Banking Act would really get this started, and every year, more states decriminalized/legalize marijuana because they border legal states and want more tax revenues.

The_Milkman

Federal weed legalization is not even necessary but rather the passage of the SAFE Banking Act to allow banking companies to get in on the market.

The_Milkman

Right now, the U.S. marijuana industry is a mess because federal law prevents interstate commerce. Every state is its own isolated market, which leads to massive price swings, oversupply in some places, shortages in others, and no real ability to scale nationally. On top of that, businesses can’t use normal banking services or write off expenses like other industries, which makes it even harder for small operators to survive. But once federal legalization happens—whether through decriminalization or something like the SAFE Banking Act—interstate commerce will open up, and that’s when the real takeover begins. Big Tobacco, Big Alcohol, and Big Pharma have been waiting in the shadows for this moment. They already have the capital, infrastructure, and lobbying power to dominate the industry once the barriers come down. We’ve already seen it happen in California—small growers getting crushed under insane regulations, taxes, and competition from massive corporate operations. Once federal prohibition is gone, that trend will go nationwide. The little guys won’t stand a chance. There will probably be a niche craft weed market, like craft beer, but the vast majority of sales will be controlled by corporate giants. Once Big Tobacco gets full access, they’re going to throw their weight around, push for regulations that benefit them, and run the marijuana game just like they do cigarettes. The race to the bottom in pricing is already happening, and when the floodgates open, it’s going to be game over for small businesses. TL;DR – The weed industry is screwed once Big Tobacco steps in. Enjoy the small businesses while they last and get in on the deep value train play. $MO

cannabull1055

It won't be. If you take a step back and look at the macro, there has NEVER ONCE been a fundamental change on the federal level in this sector. EVERY THING has been a pump on speculations and rumours. And the market no longer cares. When there is an ACTUAL change, SAFE Banking is signed into law or Schedule 3 is approved by DEA, the sector will go on a bull run. It may not be parabolic but it will be sustained. Because there will be actually fundamental change in the business. Unfortunately, it may really be too late for most companies in the sector except for Green Thumb, Grown Rouge, and a few others.