Joined December 2014
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The GreenWave retweeted
Jun 11
Knicks' historic 29-point comeback in full 🔥
One of the greatest games in NBA history.
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This increases the likelihood that @learnaboutsam will be ineffective and its nonsense will hopefully stop.
$MSOS
investors.trulieve.com/2026-…
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This also makes it easier for an acquisition on both sides..Big Pharma, Tobacco etc -- the possibilities have expanded...
Jun 5
Excited to announce that Trulieve will begin trading on the NYSE on June 10th. Onward!
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makes the accounting alot easier...
Jun 4
👀
"We need to read more into this but early look here is Trulieve is getting set up to list on the NYSE. Moving rec operations to another company and holding non-voting rights on it, while keep operating the medical portion." ATB sales trader
sec.gov/Archives/edgar/data/…
/position $TRUL.NE
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May 22
Thanks to @JavierHasse and @Forbes for featuring my recent analysis on the elimination of 280E due to the rescheduling of Cannabis.
“The elimination of Section 280E should serve as a meaningful catalyst for increased M&A activity across the cannabis sector,” GreenWave’s founder Matthew A. Karnes wrote in the report, “as improved after-tax cash flows, reduced tax uncertainty, and enhanced access to capital markets are likely to support higher transaction volumes and more aggressive consolidation strategies.”
$MSOS $GTBIF $CURLF $CRLBF $JUSHF $AAWH $TRSSF $VRNOF $TCNNF #msogang
forbes.com/sites/javierhasse…
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May 14
Just as a reminder -- the IRS generally has 3 years to audit from the date filed. So, for those 2023 UTP accruals -- assuming return filed on Oct 15th (extension); the UTP essentially goes away on Oct 15th 2027 (or March 15th if filed on time).
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May 12
Priority: Make America Healthy Again.
Ongoing efforts to get dangerous products off the street = regulated market revenue growth = multiple expansion.
$MSOS
$GTBIF $CURLF $CRLBF $JUSHF $AAWH $TRSSF $VRNOF $TCNNF #msogang
May 12
The House Appropriations Committee released a draft report calling on DEA/FDA to crack down on the "proliferation of Federally unregulated ingestible, inhalable, and topical products that contain intoxicating cannabinoids" & that "threaten consumer safety"
marijuanamoment.net/congress…
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The GreenWave retweeted
May 12
It's Time to Exhale
Tax drag to end, earnings will expand.
#CannabisConfidential 🤝@GreenWaveMJ
toddharrison.substack.com/p/…
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What would Cash Flow from Operations look like if there was no 280E on a cumulative basis (2019 - 2025). This is a rough estimate. UTP used in the calculation excludes interest/ penalties and non 280E items.
More of a lift when other costs of prohibition are eliminated i.e. higher cost of capital, insurance, compliance etc.
$MSOS $GTBIF $CURLF $CRLBF $JUSHF $AAWH $TRSSF $VRNOF $TCNNF #msogang
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Waiting on the details...cannabis dispensary tied to the FBI raid in VA.
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The GreenWave retweeted
May 5
May 5
Senator Tim Scott (R-SC), Chairman of the Senate Banking, Housing, and Urban Affairs Committee says banking for the cannabis industry is “quandary that we have to solve” and “we’ll get to a solution.” 👇
“There's something called the the Safe Banking Act, which is to allow for the banking question to be solved by making it legal to bank it.
You don't want us to have situation where you have these cash rooms, where you have hundreds of thousands of dollars of cash sitting in a location. Everyone knows you can't bank it, and therefore, the criminal activity is much higher in these places. So there is a quandary that we have to solve. I think we'll get to a solution.”
-@SenatorTimScott @BankingGOP
Kudos to @CGasparino for the question.
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$CURLF hires BDO as its auditors. This is another incremental positive for the industry because the "Big 4" will likely follow. Varsity teams stepping into Cannabis!
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As a reminder, in a letter to @USTreasury and @revenue_irs Oct 2024 the @AICPA (American Institute of Certified Public Accountants) requested guidance for "Cannabis Businesses Transitioning Away From Application of Section 280E".
The request included (but not limited to), 2 key recommendations:
I. Retroactive Treatment for Expenses Previously Subject to Section 280E.
>Recent IRS guidance indicates 280E elimination retroactive to Jan 1 2026 ✔️
HOWEVER, the administrator encourages @SecScottBessent to provide relief "for taxable years in which a state licensee operated under a state medical marijuana license" (TBD 🤞).
II. Uniform Tax Treatment Among Cannabis Businesses
>The AICPA recommends that Treasury and the IRS issue guidance ensuring that upon the rescheduling of marijuana as a Schedule III controlled substance, section 280E apply EQUALLY to ALL cannabis businesses legally operating within their respective states, REGARDLESSS of whether they sell MEDICAL marijuana or RECREATIONAL marijuana. IMPORTANT CONSIDERATION that I think the IRS will accomodate (just an opinion).
$MSOS $GTBIF $CURLF $CRLBF $JUSHF $AAWH $TRSSF $VRNOF $TCNNF #msogang
aicpa-cima.com/resources/dow…
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