The Gospel According to Johnny The Greek

I have followed my best pal JTG invest over the last two decades and I wanted to point out his instincts at inflection points — particularly on the long side — are remarkably good. (TLR ain’t bad either!)

Which brings me to cannabis (which I too have been adding to):

Johnthegreek

Well, I did the unthinkable. Just bought a sizable amount of MSOS. I feel it’s time. 

pops4

Back the heavy hauler up! 🙂

TLR

Im in very large – im hearing things are moving

Johnthegreek

Me too. 

TLR

An investment not a trade but now is the time

Dougie Kass

OMG

TLR

Schedule III Rescheduling Hearing Set for June 29

the DOJ and DEA announced an expedited administrative hearing beginning June 29, 2026 to consider the broader rescheduling of marijuana from Schedule I to Schedule III, with the intent to conclude no later than July 15. This is a hard deadline . U.S. Department of Justice

Moving to Schedule III allows medical cannabis operators to deduct ordinary and necessary business expenses — rent, payroll, marketing, and operating expenses — starting in tax year 2026. The order also directs the IRS to consider retroactive 280E relief for prior years. That’s a direct hit to the bottom line in a very good way

Johnthegreek

I’m not sure how I’ll handle this. Investment, trade, but I’m in pretty good and I’m committed to staying patient. 

have a great night Tony. 

TLR

You too pal!

Position: Long MSOS (M); Short MSOS calls (VS)

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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