Timing is Everything – When Will the Cannabis REIT Canary Fall?
So, what will bring prices down? Interstate commerce. And when might interstate commerce happen; soon, much sooner than most realize. But don’t turn to Washington, D.C. Instead, look to Boston and St. Louis. Two federal cases are winding their way through those courts that could turn the national cannabis markets on its head. The east coast case is further along and has advanced from a federal trial court in Maine to the United States Court of Appeals for the First Circuit in Boston. Experienced observers of oral arguments (held April 7, 2022) believe the panel was leaning toward the plaintiff/operators and away from the State of Maine.
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