27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
The world of cannabis regulations is ever-evolving, with several significant developments taking place across different regions.
Explore the latest updates in Minnesota, Washington State, Illinois, and Arizona, while also delving into the crucial aspects of the SAFE Banking Act.
See Also: Cannabis Banking Reform Off The Senate's Table, This City Bans New Shops & More Pot Reg Updates
Secure And Fair Enforcement Banking Act Is Needed
The American Trade Association for Cannabis and Hemp and 16 state-level cannabis trade groups are urging Senate leaders to pass the Secure and Fair Enforcement (SAFE) Banking Act.
The bill aims to enable cannabis businesses to access banking services. Currently, many businesses must operate cash only, something that's considered untenable and leaves them vulnerable to public safety issues, including violent robberies.
Minnesota Bans Indoor Marijuana Smoking
Recreational marijuana will be legal in Minnesota starting Aug. 1, but cities across the state, including Lakeville, are considering public use restrictions. Lakeville Mayor Luke Hellier, who fears that public cannabis use could impact the city's reputation, supports ordinances to ban cannabis smoking in public places, with offenses classified as petty misdemeanors. While Minnesota's Clean Indoor Air Act bans smoking and vaping indoors, councils are now considering extending these restrictions to public outdoor spaces.
Employee's Rights Of WA Cannabis Dispensaries
A new law in Seattle enhances labor protections for cannabis dispensary employees, aiding in the city's effort towards a more equitable marijuana industry. The ordinance mandates businesses to notify of ownership changes and uphold certain hiring and retention standards, per High Times.
Steven Marchese, director of Seattle’s Office of Labor Standards, believes this will promote workplace stability and contribute to the city's economy. Local cannabis activist, Cody Funderburk, views it as a crucial step in securing the rights and job security of cannabis industry employees.
See Also: Job Seekers, Relax, Cannabis Use No Longer A Barrier To Employment In This State
Phoenix Pushes For A City Free Of Cannabis Odor
In Phoenix, officials have granted a six-month extension to Trulieve Cannabis Corp (OTCQX:TCNNF) to rectify its odor issue. This follows a complaint from nearby businesses about a "skunk-like" smell violating city codes. Trulieve had agreed to implement mitigation measures after the issue was raised at a May hearing. However, an inspector reported still detecting the odor a day before a July hearing, despite prior inspections finding no evidence of the smell. The facility needs to comply with the condition of not emitting noticeable odors to renew its annual use permit.
Meanwhile, in Illinois, the 17th edition of the Benzinga Cannabis Capital Conference is returning to Chicago on Sept 27-28. Don't miss this exclusive opportunity to immerse yourself in the ever-changing dynamics of cannabis regulations at both state and federal levels. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Read Next: Investors Shift Toward Payments In The Cannabis Industry - Fund Manager Explains Why
Image by El Planteo
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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