The pot capital markets have experienced a storm over the past few years, and this year’s votes around the country show little sign of affecting the investment industry, regardless of who emerges victorious.
Generally, traders have shown great hopes for the cannabis industry, especially in the midst of evolving state-level legalizations. Yet the capital markets have changed considerably.
As of October, cannabis stocks such as the AdvisorShares Pure US Cannabis ETF ( MSOS ) are down more than 85 % from their all-time highs.
Despite this strong decline, the restricted U. S. cannabis industry is larger than ever, growing from$ 27 billion in 2021 to an expected$ 32.1 billion by the end of 2024, according to the MJBiz Factbook.
This piece originally appeared on MJBizDaily. The remainder of the narrative can be found below.
