Cannabis Catalysts
Cannabis is a state-led growth story with a series of hard-to-time political catalysts. Slower-than expected state rollouts and a drought of political progress have contributed to the US cannabis MSOS ETF falling more than 90% since its peak on February 10, 2021. Valuations are compressed and there are a series of potential new states and political catalysts ahead. In this report we review five factors that may drive change in 2024. Rescheduling The Garland Memo Adult-Use Legalization in Florida Adult-Use Legalization in Pennsylvania Uplisting to Higher Exchanges
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