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RiskReversal Pod

Bonus Episode: Sifting Through The Smoke - Danny Moses and Brady Cobb on Key Developments in the Cannabis Space

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 11 November 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Welcome to another bonus episode of “On The Tape,” Danny Moses sits down with industry insider Brady Cobb to discuss new developments in the cannabis space, as well as recent earnings for weed stocks.  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

Everybody, it's Danny Moses. You're listening to a bonus episode of On the Tape. We're welcoming back Brady Cobb. A lot going on in the cannabis industry. For those who may not remember, Brady Cobb has been involved in the cannabis industry for several years, from the legal side, from the operating side. Most recently, the CEO of Bluma Wellness, which he successfully sold Cresco Labs earlier this year.

0:22.3

There's a lot going on and Brady's very involved.

0:24.2

I want to welcome back Brady Cobb to on the tape.

0:26.5

Brady, how are you?

0:27.7

Thanks, man.

0:28.3

Good to be back.

0:29.1

And it is certainly exciting times and cannabis land.

0:32.3

So why don't we start with the most recent things and work our way backwards here?

0:35.4

So there's a lot of stuff going on in Washington.

0:38.1

I know you've been on top of it, both the Safe Act, which is now included in the National

0:41.8

Defense Authorization Act. You had another bill introduced by a Republican congresswoman out of

0:46.4

South Carolina. Can you just talk about the developments going on right now? Yeah. So I think I was on

0:51.6

the podcast with you guys back in September, October's time frame

0:54.8

when Representative Perlmutter in the U.S. House was able to successfully get the Safe Banking Act,

1:00.7

which has passed the House now five times and stalled in the Senate on a standalone basis.

1:05.2

But he was able to get it inserted as an amendment to a must-pass annual bill called the National

1:10.6

Defense Authorization Act.

1:12.1

A lot of folks didn't think it was necessarily going to happen. It wouldn't get attached

1:15.5

politically, but it passed almost overwhelmingly on a voice vote. So it is now teed up and as a part

1:20.7

of the NDAA, which has to be cleared before the year end. It's expected to be taken up by the

1:25.4

U.S. Senate next week. The political calculus of

1:28.1

everything is that that bill has a broad base of support based on the meetings and phone calls

...

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