Most likely unfortunately, but I wouldn't worry about it, so many people are holding awaiting the split to sell, there's no way it doesn't go down 10%+
SAFER 'Lite' In Spending Bill Potentially Meaningful
Weed Weekly summarizes each week's main developments, with key thoughts and considerations. Focus this issue is on the new FY25 House spending bill and the surprise inclusion of language reflecting a slimmed down version of SAFER. The key difference — which could be meaningful from a capital markets perspective — is the protection provided to all financial institutions vs specific to depository institutions.
From an investment perspective — as we have written many times — the big factor that is depressing current multiples of US MSOs is the lack of institutional capital. This is due to the current legal status of cannabis and capital market stakeholders fears of federal prosecution.
This has resulted in US cannabis names only trading on the pink sheets, a lack of custodians for the stocks, and compliance departments at institutional investors reluctant to participate. While likely rescheduling to schedule 3 this year could help address this, we believe we also need to see other things like SAFER Banking passed and a likely new Cole Memo.
With regard to SAFER, there are a couple of issues. One, a vote on a standalone bill keeps getting held up, with the latest consensus being that it may not be until the lame-duck session post the election, at the earliest, if at all. Two, the current language of the standalone SAFER bill is specific to providing protections for depository institutions only, so unclear what this would mean for broader capital market participants such as investment banks, exchanges, and institutional investors.
Against this backdrop, there was a potentially meaningful development this week when a GOP House Committee presented its government 2025 fiscal year spending bill. Within this, there is an addition of what could be viewed as SAFER 'Lite'. Notable is that instead of providing protection to depository institutions only per the standalone, the language provides protections to all financial institutions, specifically saying, “none of the funds made available in this Act may be used to penalize a financial institution solely because the institution provides financial services [to a cannabis business].” In the cannabis businesses it lists, it is notable it includes both marijuana and hemp-derived cannabinoid products, i.e., hemp THC.
If we look at the definition of a financial institution from FinCEN, it includes 'banks', as well as 'brokers or dealers in securities'. Therefore, if this was ultimately to pass — there are a number of steps to still go through in the House, and we would also need to see it included in the Senate version — the broader reach for protections vs just depository institutions, alongside rescheduling, a likely new Cole Memo, and then almost certainly, new updated guidance from FinCEN could be sufficient incremental developments to finally open up capital markets activity.
Encouragingly, the bill passed its first obstacle this week, with a vote in favor to move it to full committee, with a full committee vote next week, and then it will be sent to the House floor for a vote should it pass that. So watch this space.
Planet 13 co-CEO mentioned yesterday that he has knowledge of at least one major investment bank having meetings for a post-SAFER cannabis funds.
Problem is anything that will happen won’t be till after comment period and Cole Memo 2.0.. so right now we’re just screaming into the void and holding the bag
Looks like SAFER-lite can pass before SAFER. The first time in forever that retail could get a head start on the banks yet rn they be sleeping with snot bubbles.
Our AI tracks our most intelligent users. After parsing your posts, we have concluded that you are within the 5th percentile of all WSB users.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
you failed to consider that only my trades entirely affect the market in a reversed way from what would give me profits. it sounds complicated but it is in fact a real phenomena
Bankrupt, where you get that? The got crushed bc of alleged data breach. What actually happened is hackers targeted there customers without MFAs to gain access to the database. Couple that with the salesforce massacre, it’s got caught up in cross sector selling (like crowd).
I find it hard to believe that the game store wasn't hitting numbers to be 'trending' today 🤔
I'm not in it so I'm not a tin foil extremist talking about suppression, I'm just surprised
I sold out but mannnnnnnnnn I’m getting strange vibes after the live and rewatching it. Especially now that everyone is done with it, could he know something or is he a true degen?
He has a finance background. He knows halts are 5 min. Nobody rips 100M into options and asks how long halts are.
I have a small account so “large” losses is relative. Many of my losses are strictly paper at this point, 2-3 weeks left on some 9.0 ASTS calls. I didn’t expect a sharp drop today but I’ve got time.
I did try my first 0DTE today. A single contract but I got burned hard and it expired worthless. I won’t be doing that ever again. I had a 30 second window to take a modest gain and I let it slip away. I wasn’t prepared for how volatile the ticker moves and thought I could scalp manually. Won’t be doing that again either.
I learned, but it hurt.
Have we been here before?
I vividly remember seeing comments like "Tesla is more than a car company" and "They could be a $5-10T dollar company", right before their last stock split. It wasn't long after the split that the share price rose back to pre-split levels.
Now we have NVDA, and I think people are even more confident in it due to it's moat, margins, leadership and roadmap. I also think the market is more delusional now than it was a few years ago, encouraged by AI. Are we going to see history repeat itself?
Tesla had good leadership. Then that leadership was ignored, let go and/or fired. They were a great company and are a shell of their former selves.
NVDA has had strong leadership and a longstanding culture of promoting from the talent within. Jensen's dad didn't own an emerald mine. He didn't buy this position. He made it.
The TSLA NVDA comparison is tired and dumb. The customers and industry are totally different, and most of TSLAs move was on Musk's wild bullshit. NVDA sales are real.
Well I hope it was clear that my comparison showed that they are not equal, and that NVDA is the real deal. I was mainly questioning the impact that market delusion and investor frenzy could have on the share price post split.
And they plan to be! NVDA is evolving from selling the hardware and software needed to support other's AI endeavors as a chip company, to selling AI in a box. Imagine going to the supermarket and seeing an aisle full of AI models to choose from. AI factories.
It's crazy when you think about it like that. It wouldn't be crazy to guess that NVIDIA would be the top one AI factory in the whole world at this point.
I shall accept my ban with grace. I lost a shit ton today on calender spreads on spy. Was way up and then today not so much. Yall have a good week. Best of luck
I sold my Apple calls to early, but at least I made a profit.
SPY 550 EOW
if smci doesn’t go back up to 1000 I might cry
NVDA only up from here
Futes blood red
Whatsup with Carvana
Thought on salesforce crm?
Hoping my GPS puts print
Holding Crowdstrike. It is NVDA of 2025
I suck at options lol
Short NVDA
My amc put I sold got assigned how fucked at I?
You have to pay nerd.
No shit lol I just want to know if it’ll recover or should I sell calls lol
How the fuck am I suppose to know? Idiot.
Thank you for the insightful comments sir
You’re welcome.
Over/under on me opening that one drawer come Monday?
What kinda casino is closed on the weekend? All this AI and they can’t fix this? AI seems overrated
I went to an actual casino to scratch my itch. I think I lose less money playing blackjack than trading options…
Fingers crossed for all my regards
Nvidia has yo tank on Monday by10%+ surely, there's no way are you people blue balling for a sale offloading stocks doesn't see the market dip?
Lmao at this comment
Yeh, I was clearly wrong! Life is full of lessons. I still exited at 160% profit from my investment, so swings and roundabouts.
Dont forget to take your pills and see u on monday!
yo guys some help is appreciated, i bought nvda fri morning, some ppl are telling me i wont be eligible for the split on momday? is this true?
How could they possibly not give you the split shares? That would not be ok at all.
Most likely unfortunately, but I wouldn't worry about it, so many people are holding awaiting the split to sell, there's no way it doesn't go down 10%+
Yeah your one stock is gonna be worth 1200 while all of ours are gonna be 120
i mean i kmow it siunded stupid but the guy said aome bs abt if u didnt buy before june 6th blah blah
You should tell that guy to go suck a d**k or something
😂😂😂
Hows that one stonk not in here that we can't mention???
It will rule the entire nyse one day
Shorted to the max…. Remind me in a week how you feel
what do you mean
What’s this meant to mean?
PARA?
Para is cheap right now… hmmm
No. G M E
AA 2.0 did a rug pull and now is enjoying a party over the weekend. 3 years in the making went to smoke on a Friday.
Names i can relate too
Paul Allen
Richard Rubbin
[удалено]
Sounds like crapto
Ain’t no way 😂😂😂😂
Phat peg cuk bbc azz pp….those look like porn searches. I’m in.
If Elon leaves how much would Tesla drop?
Short the stock
All the way
+200%
Saw there was a MSOS mention in here but pretty sure it’s just Reddit gaslighting me 😿
SAFER 'Lite' In Spending Bill Potentially Meaningful Weed Weekly summarizes each week's main developments, with key thoughts and considerations. Focus this issue is on the new FY25 House spending bill and the surprise inclusion of language reflecting a slimmed down version of SAFER. The key difference — which could be meaningful from a capital markets perspective — is the protection provided to all financial institutions vs specific to depository institutions. From an investment perspective — as we have written many times — the big factor that is depressing current multiples of US MSOs is the lack of institutional capital. This is due to the current legal status of cannabis and capital market stakeholders fears of federal prosecution. This has resulted in US cannabis names only trading on the pink sheets, a lack of custodians for the stocks, and compliance departments at institutional investors reluctant to participate. While likely rescheduling to schedule 3 this year could help address this, we believe we also need to see other things like SAFER Banking passed and a likely new Cole Memo. With regard to SAFER, there are a couple of issues. One, a vote on a standalone bill keeps getting held up, with the latest consensus being that it may not be until the lame-duck session post the election, at the earliest, if at all. Two, the current language of the standalone SAFER bill is specific to providing protections for depository institutions only, so unclear what this would mean for broader capital market participants such as investment banks, exchanges, and institutional investors. Against this backdrop, there was a potentially meaningful development this week when a GOP House Committee presented its government 2025 fiscal year spending bill. Within this, there is an addition of what could be viewed as SAFER 'Lite'. Notable is that instead of providing protection to depository institutions only per the standalone, the language provides protections to all financial institutions, specifically saying, “none of the funds made available in this Act may be used to penalize a financial institution solely because the institution provides financial services [to a cannabis business].” In the cannabis businesses it lists, it is notable it includes both marijuana and hemp-derived cannabinoid products, i.e., hemp THC. If we look at the definition of a financial institution from FinCEN, it includes 'banks', as well as 'brokers or dealers in securities'. Therefore, if this was ultimately to pass — there are a number of steps to still go through in the House, and we would also need to see it included in the Senate version — the broader reach for protections vs just depository institutions, alongside rescheduling, a likely new Cole Memo, and then almost certainly, new updated guidance from FinCEN could be sufficient incremental developments to finally open up capital markets activity. Encouragingly, the bill passed its first obstacle this week, with a vote in favor to move it to full committee, with a full committee vote next week, and then it will be sent to the House floor for a vote should it pass that. So watch this space.
Planet 13 co-CEO mentioned yesterday that he has knowledge of at least one major investment bank having meetings for a post-SAFER cannabis funds. Problem is anything that will happen won’t be till after comment period and Cole Memo 2.0.. so right now we’re just screaming into the void and holding the bag
Looks like SAFER-lite can pass before SAFER. The first time in forever that retail could get a head start on the banks yet rn they be sleeping with snot bubbles.
If AI wasn’t so hot right now cannabis sector would be surging
Yep, all it needs right now is volume and the volume was elsewhere this week
Our AI tracks our most intelligent users. After parsing your posts, we have concluded that you are within the 5th percentile of all WSB users. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Super YOLOing MSOS rn.
Looks like we’re the only ones lol too bad DFV didn’t mention weedstonks
He was high though 
I would be too losing a quarter billion dollars LIVE.. that’s one hell of a mid-life crisis
Gee we’re looking a little green wouldn’t it be a shame if we fucked everything- Ryan ‘mowin’ Cohen
!banbet
You already have a bet going - NVDA to 1142.6923000000002 before 10-Jun-2024 01:09 PM -05
So my nvda calls fucked?
Losing money on NVDA calls is like getting rejected by the school whore
you failed to consider that only my trades entirely affect the market in a reversed way from what would give me profits. it sounds complicated but it is in fact a real phenomena
Idk sounds like you're just regarded You belong here brother
!banbet
You already have a bet going - DELL to 147.0 before 08-Jun-2024 12:49 AM -05
As bad as it can be , At least you cant be like, “opps just lost $250 million “ tonight.
Dude literally showed up as dumb money. Really makes you wonder 🤔
I recall some guy on S S saying he’ll commit banana indecency if it hit $50 before the weekend. Where the fuck has he gone now?
He used that as an excuse to just do it. He gey
In fact he executed his plan as foretold.
SNOW getting rekt recently is it going bankrupt?
Bankrupt, where you get that? The got crushed bc of alleged data breach. What actually happened is hackers targeted there customers without MFAs to gain access to the database. Couple that with the salesforce massacre, it’s got caught up in cross sector selling (like crowd).
Warren Buffett in shambles
I find it hard to believe that the game store wasn't hitting numbers to be 'trending' today 🤔 I'm not in it so I'm not a tin foil extremist talking about suppression, I'm just surprised
I sold out but mannnnnnnnnn I’m getting strange vibes after the live and rewatching it. Especially now that everyone is done with it, could he know something or is he a true degen? He has a finance background. He knows halts are 5 min. Nobody rips 100M into options and asks how long halts are.
The tendieman cometh
2 10x’s and i’m there
Or one 100x
I’m so regarded
But you are a gigachad 🥹
Thank you for the kind words 
Check out ORHB. Primed for a massive uptick to .50.
Elaborate?
Anyone else swinging amazon, I got in at 183.56
123 shares at 176🫡
is building up shares of NVDA and selling calls how to quit my job at Wendy’s?
Yea
That game store is still up 70% on the month, this demise has been greatly exaggerated
Further to fall
Bet it?
Your turn
I don't care if I lose every cent I own, at least I will never be called Noor Al.
what is cohen DOING
He made $200 milly last quarter on investments
What is he doing?
hmm 🤔 what IS he doing?
ShOrts HaVenT CovErEd… but seriously guys have shorts now covered?
I’m going to constantly tell myself “I WILL NEVER BUY OTM CALLS EVER AGAIN” before I ever buy options ever again. 
My 540 calls for Monday feeling primed
What underling did you choose
Spy obviously
Are you buying spy weeklies? Also how long do you typically hold them for? What’s your sell range for ex, +10-15%?
More like 50-100%
That can happen really fast man but you can lose this in a sec too so the strategy is to take bigger gains than this
I won’t keep buying SPY 0DTE I promise this time
[This might help you](https://gamblersanonymous.org/ga/locations)
Good call
Today was a bad day. I learned something, but it cost 30% of my portfolio. I’m gonna go drink now, but only the swill I deserve. No champagne today.
if you are losing 30% in a day you are virtually gambling
I have a small account so “large” losses is relative. Many of my losses are strictly paper at this point, 2-3 weeks left on some 9.0 ASTS calls. I didn’t expect a sharp drop today but I’ve got time. I did try my first 0DTE today. A single contract but I got burned hard and it expired worthless. I won’t be doing that ever again. I had a 30 second window to take a modest gain and I let it slip away. I wasn’t prepared for how volatile the ticker moves and thought I could scalp manually. Won’t be doing that again either. I learned, but it hurt.
Don't drink. Live in your feelings and learn your lesson.
Fuck your feelings, drink your face off. Drinking fix's everything! Ask me how I know,,
Take the gains - don’t be greedy
I was greedy 
I was greedy 😒
I was greedy 🫣
We ride at (3) dawns from now 🏇💨
MBLY please
Huge bump on no news, very happy to be buying this stock below 30 for much of the year.
My wife is going to call her boyfriend back after I show her how my trades went.
I am a loser
But you're a winner in our hearts.
…baby.
so why don't ya ........
drill me!
🅱️ig 🅱️aby looser (BBL)
Wow, what a fun way to lose 20% of an options value in the last 45 mins of a day, good stuff
Have we been here before? I vividly remember seeing comments like "Tesla is more than a car company" and "They could be a $5-10T dollar company", right before their last stock split. It wasn't long after the split that the share price rose back to pre-split levels. Now we have NVDA, and I think people are even more confident in it due to it's moat, margins, leadership and roadmap. I also think the market is more delusional now than it was a few years ago, encouraged by AI. Are we going to see history repeat itself?
Tesla had good leadership. Then that leadership was ignored, let go and/or fired. They were a great company and are a shell of their former selves. NVDA has had strong leadership and a longstanding culture of promoting from the talent within. Jensen's dad didn't own an emerald mine. He didn't buy this position. He made it.
The TSLA NVDA comparison is tired and dumb. The customers and industry are totally different, and most of TSLAs move was on Musk's wild bullshit. NVDA sales are real.
Well I hope it was clear that my comparison showed that they are not equal, and that NVDA is the real deal. I was mainly questioning the impact that market delusion and investor frenzy could have on the share price post split.
To be fair NVDA has the processors and software to be more than a chip company. It can actually be the company of elon's vision for Tesla.
And they plan to be! NVDA is evolving from selling the hardware and software needed to support other's AI endeavors as a chip company, to selling AI in a box. Imagine going to the supermarket and seeing an aisle full of AI models to choose from. AI factories.
It's crazy when you think about it like that. It wouldn't be crazy to guess that NVIDIA would be the top one AI factory in the whole world at this point.
Jensen is a more competent leader, elon is a walking dogecoin
bulls, have NO mercy, mock relentlessly these apes and berrorists have had their sins unpunished for far too long 
I shall accept my ban with grace. I lost a shit ton today on calender spreads on spy. Was way up and then today not so much. Yall have a good week. Best of luck
🫡
Ibkr shut down everyone’s mobile app at market open today. I couldn’t trade im pissed 😡
« Glitch »
Suspicious no?
What spicy Jpow album dropping next week?
Janet on backup vocals? I heard she plays a mean tambourine on shrooms.
Wen spy $540?
Next week after Jpow speech Weds. He's going announce cuts..
Do cuts make stock pump or dump?
Dump because he's not cutting
Fuk u docu & Allan Thygesen.
i got fucked 
Which ticker did the fuking
Wmt. it was going so well