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VR CANNA SECTOR WEEKLY LETTER – FRIDAY – JULY 11, 2025

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The Senate Appropriations Committee approved legislation to ban consumable hemp products with a quantifiable amount of THC—but with a bipartisan agreement to delay the prohibition’s implementation for a year.

Federal officials with Immigrations and Customs Enforcement conducted raids on farms operated by state-licensed marijuana business Glass House Brands as part of a larger immigration crackdown.

Former House Speaker Newt Gingrich (R-GA) said psychedelic therapy with ibogaine could “save several million lives” and that he’s “personally going to be strongly engaged in moving the idea around and getting people to look at it.”

Texas Gov. Greg Abbott (R) included two hemp items on the agenda for a special session this month—reiterating his opposition to enacting a blanket prohibition on hemp products, which he called “a lawful agricultural commodity.”

The California Senate Revenue and Taxation Committee approved an Assembly-passed bill to pause a newly enacted tax hike on marijuana products, with the sponsor saying legal cannabis businesses are “constantly at a threat of being overtaken by illegal and untaxed industry.”

Delaware House and Senate lawmakers who championed marijuana legalization legislation are asking for feedback from consumers and businesses ahead of the launch of the recreational […]

LEIBOVIT VR NEWSLETTERS – AKA – VRTRADER.COM SINCE 1979 – FRIDAY, JULY 11, 2025 – FULL MOON ABOVE

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PODCAST RECORDED THURSDAY AFTERNOON JULY 3, 2025 – TITLED: LOWER OIL PRICES GOOD FOR STOCK MARKET

https://www.howestreet.com/2025/07/lower-oil-prices-good-for-stock-market-mark-leibovit/

NEXT PODCAST OVER THE WEEKEND ASA GUEST ON ‘THIS WEEK IN MONEY’ – HOWE STREET RADIO


GREAT VIDEO ON ON DONALD TRUMP’S LIFE EVOLUTION:

https://tinyurl.com/mta7xa4v

 

Nasdaq, S&P 500 Reach New Record Closing Highs

Stocks moved mostly higher during trading on Thursday, adding to the strong gains posted during Wednesday’s session. With the upward move, the Nasdaq and the S&P 500 reached new record closing highs.

The major averages pulled back off their highs going into the end of the day but still closed in positive territory. The Dow climbed 192.34 points or 0.4 percent to 44,650.64, the Nasdaq inched up 19.33 points or 0.1 percent to 20,630.66 and the S&P 500 rose 17.20 points or 0.3 percent to 6,280.46.

The higher close on Wall Street came despite ongoing uncertainty about President Donald Trump’s trade policies, as he continues to threaten higher tariffs on various sectors and countries.

In a Truth Social post Wednesday evening, Trump announced a 50 percent tariff on copper is due to […]

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