Steven Schain of Smart-Counsel, LLC.Cannabis Took a Hit on Red Wednesday, but Hope Is On the Way
Reflecting multiple states rejection of marijuana legalization efforts and ushering in an administration seemingly hostile to cannabis, Red Wednesday revealed how uncertain regulatory policy, coupled with Herculean operational challenges, stripped the bloom off of the rose and unveiled the volatility of cannabis’ valuation.
December 23, 2024 at 12:29 PM
9 minute read
Despite generating $33.6 billion of revenue and 440,445 jobs domestically in 2023, Cannabis stocks dropped up to 54.9% on Wednesday, Nov. 6, 2024.
Reflecting multiple states rejection of marijuana legalization efforts and ushering in an administration seemingly hostile to cannabis, Red Wednesday revealed how uncertain regulatory policy, coupled with Herculean operational challenges, stripped the bloom off of the rose and unveiled the volatility of cannabis’ valuation.
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