It's official. or at least the process has restarted. Interestingly, 280E tax relief retroactive. #cannabis#rescheduling#MSOgang
https://t.co/hv2CPiGtLJ
Well said. The experience is very much ego hanging on for deal life before dissolving into a bliss of light and peace, breaching the clouds.
What is left is a non-dual state we all long for. Which makes it difficult, to come back to reality, but when you realize you can always tap into this state, this frequency, it makes it ok.
Cannabis vs. hemp. Sports books vs. prediction markets. Taxis vs. Uber.
The pattern is always the same: regulated incumbents sue, lobby, win early battles—then lose the war to consumer adoption.
Regulatory moats are depreciating assets.
https://t.co/WDnWm4DH9A
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Why is $MSOS crashing on the most fundamentally-bullish day in years?
Because the top holder of the ETF are derivative market makers (2nd pic).
Basically Jane Street buys a bunch of the ETF and then right before OpEX they sell a bunch of OTM calls and buy OTM puts, and then dump all their shares. Crushing calls, banking on puts. Should be illegal, India banned them for the same thing, but why would the SEC go after liquidity providers? You think they care about retail traders getting scammed? They don’t!
Anyways I put some data to it. Since 2022 there has been 47 monthly options expirations and 995 trading days.
Average daily return? 0.0%
Average return from Thursday to Friday during OpEx week? -2.8%
Longest streak of Thursday to Friday sell-offs during OpEX? 12 months in a row.
Once Jane Street and SIG scammed retail traders? Next 10 days are up 0.6% on average. Positive 2 week returns during a time period where the ETF fell -95%, lol.
GFY @JaneStreetGroup
Thank you @SenMcCormickPA for recognizing the harm with today's high potency THC marijuana and for being opposed to rescheduling it.
May we continue to put public health and safety as the priority over tax breaks for the marijuana industry.
makes sense and about time. Schumer and Booker tried to boil the ocean; Biden was all talk; Trump takes a bipartisan issue over the finish line. still work to be done, but a great first step.
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BREAKING: Marijuana Moment obtained details of the cannabis rescheduling executive order that President Donald Trump will issue this afternoon—including how it addresses hemp and CBD product access.
https://t.co/vIauqqP0dm
👀👀👀
BREAKING: Marijuana Moment obtained details of the cannabis rescheduling executive order that President Donald Trump will issue this afternoon—including how it addresses hemp and CBD product access.
https://t.co/vIauqqP0dm