I’m sure most of you have seen the tsunami of anti-legalization tweets flooding X. Clearly a coordinated effort-which, ironically often signals something big (and positive) is about to happen on the cannabis policy front. We all know what that is. But let me address the "weed is bad, so keep it criminal" crowd: I agree-cannabis presents real risks for adolescents, and preventing youth access must be central to any federal cannabis policy. But the debate isn't about whether to protect minors. It's about which framework actually works. The evidence does not show that legalization increases teen use. Several studies suggest the opposite. Where data shows higher reported use post-legalization, the most plausible explanation is improved survey candor-less fear of legal consequences means more honest answers. What is firmly established: decades of prohibition have completely FAILED to prevent youth access, reduce consumption, or ensure product safety-while creating unregulated markets, empowering criminal enterprises, and inflicting disproportionate, multi-generational harm on minority communities. A public health regulatory model-age restrictions, enforcement against unlicensed sales, product safety standards, education, and accountability-is far better aligned with protecting youth. Notably, the loudest prohibition voices on X seem disconnected from the communities most harmed by these policies and conveniently ignore the issue entirely. Protecting children requires evidence-based regulation, not reflexive reliance on a framework that failed to protect them while devastating entire communities. If you don't want your kids to consume cannabis, ultimately it starts at home. If you really want to reduce underage access and promote safe, responsible consumption (all of which are a good ideas), then pretending criminal enforcement works won't get you there - but sensible regulation will. This is why we need to “legalize” cannabis by decriminalizing and regulating it.

The NFT people finally realized that cards are actual non-fungible tokens. 👀

💯. We see you @weldon_angelos 👏👏👏

Congrats Brandon Bussi! So sick. What a dream to have your names etched on that bad boy. 💥😤

Time for Governor Hochul to sign that anti-inversion bill sitting on her desk…⏰

This will look familiar to anyone involved in the rollout of the NY cannabis industry…I see shades of DASNY’s CAURD program (yikes 😬).

Another uptick in coordinated anti-cannabis posting on X this week from the usual under-informed and self-interested crowd who prefer to see minorities in prison over allowing adults to make their own decisions on consuming a plant. (Always an indication that we’re close to a major positive breakthrough on legalization). Instead of listening to blind propaganda, let’s take a look at the facts from our own government. HHS’s own federal cannabis review found: - Alcohol withdrawal can cause “seizures and even death.” (Cannabis, in contrast, stops and prevents seizures 👀) - Alcohol produced nearly 3 million annual ER visits, versus ~ 800K for cannabis (the latter primarily bc we don’t have federal standards for THC limits and product labeling, which can only be solved by….you guessed right…legalize it!) - Alcohol caused approximately 1.8 million annual hospitalizations. 🏥 - Alcohol produced 1,338 single-substance overdose deaths. ☠️ HHS stated that adverse-outcome rankings typically place “alcohol or heroin” at or near the top, cannabis ranking at or near the bottom. 💉📉 That is the federal government’s own scientific record—not industry propaganda.

This you, bro? @chamath nobody’s making you smoke weed. If you think it’s disgusting, then stay away from it. You have no business telling people what to not put in their bodies while encouraging them to consume alcohol. Love the podcast but this is a bad look. Stop talking your book for once.

Went to @FanaticsFest for second year. This year was bigger, much easier to enter and they weaved the card show into experiences very well this year. It’s a sports fan show, with a card show embedded. Not a card show, like the National. Feels like a pre-IPO roadshow for Fanatics. The high-end card market is very, very healthy. 10% of the industry represents 90% of the value. Sport legends’ cards seem specifically to be going parabolic over the past few months. I’m not sure if it’s a “flight to safety” or more investors generally acknowledging high end cards as an alternative asset class like art or memorabilia. Or both. Beyond the athlete celebrities, the number of breakers, investors and dealers with “celeb” status was very noticeable this year. Shows how truly big the sports card industry has become. Too much Pokémon. Sorry, it’s a sports event. Pokémon is the reason PSA is a mess. 🤷🏻‍♂️

As it turns out, the exactly OPPOSITE is true. Discriminatory de-banking of state-licensed businesses simply bc federal law has been slow to catch up with the reality of science has RESULTED in actual criminals leveraging the industry to wash money from actual criminal activity. If you want to shut that spigot off (which most agree on), the effective solution is to let the licensed industry bank. Sunlight is the greatest of disinfectants. This is true today with cannabis as it was for alcohol during prohibition. Among other reasons, Americans grew tired of organized crime, and ending prohibition was one of the solutions.

I recently had the pleasure of appearing as a guest on @BBGIntelligence Votes and Verdicts podcast, discussing the latest developments in cannabis scheduling. Listen here: cvsoci.al/GNW2Hyj-?cv=178215…

This game will forever be known as the Wu Tang Comeback at the Garden. @nyknicks @WuTangClan

Cannabis rescheduling could unlock U.S. exchange listings. Our latest breaks down what public company management teams need to know to get ahead of the curve. cvsoci.al/wHLFcI9K?cv=178007…

This is the most long-term undervalued card in this year's @UpperDeckSports 25-26 hockey set with Schaefer and Aitcheson together. IYKYK #Isles