Get Real: Latest Cannabis News, Partnerships, and Upcoming Earnings

In this morning’s Get Real market newsletter, we saw the latest cannabis news, Disney’s struggle due to the coronavirus, Square and UPS’s partnership, and upcoming earnings this week.

Bernie Sanders promises to legalize marijuana

As the 2020 presidential election heats up, Bernie Sanders promised to legalize marijuana in all 50 states if wins the election. Sanders also wants to delete all past marijuana convictions records. However, the pledge isn’t practical—the marijuana legalization process isn’t that simple at the federal level.

Disney stock suffers due to the coronavirus

Currently, Disney (NYSE:DIS) has shut down its parks in Shanghai and Hong Kong due to the deadly coronavirus outbreak. Countries are working to contain the virus. Unfortunately, the shutdown is during the Lunar New Year holiday, which usually draws the largest crowds at Disney’s parks.

US sees growth in CBD market for pets

Amid cannabis legalization in US states, pet owners are selecting medical cannabis products and over-the-counter CBD products to treat pain, inflammation, and seizures in their pets. Although cannabis companies developed most of the CBD products for dogs, they’re expanding the products for other pets like cats, birds, and horses. Brightfield Group expects the US pet CBD market to rise over ten times to reach $563 million in 2019.

Square partnered with UPS

Square continues to battle Amazon and Shopify for market share. Recently, the company partnered with UPS to enhance its e-commerce platform. The integration intends to make it easier for Square merchants to access UPS’s (NYSE:UPS) shipping service for order fulfillment.

What to expect from Philip Morris in Q4

Philip Morris (NYSE:PM) will report its fourth-quarter earnings before the market opens on Thursday. Analysts expect the company’s revenue to rise and its adjusted EPS to fall. As of January 31, Philip Morris was trading at a forward PE ratio of 14.8x.

T-Mobile’s upcoming Q4 earnings

T-Mobile (NYSE:TMUS) is scheduled to release its fourth-quarter earnings after the market closes on Thursday. At the closing price on Monday, T-Mobile had a market cap of $68.0 billion. For the fourth quarter, analysts expect the company to report revenue of $11.83 billion.

T-Mobile and Sprint merger still isn’t certain

Currently, the US telecommunications industry is waiting for U.S. District Judge Victor Marrero’s decision on the T-Mobile and Sprint (NYSE:S) merger. He will largely determine whether T-Mobile combines with Sprint. However, the merger deal could also get blocked by the California Public Utilities Commission.