Selasa, 17 September 2024

Will the Election Send These Pot Stocks Soaring?

Wealth Daily

Will the Election Send These Pot Stocks Soaring?

Are cannabis stocks ready to rally?

cannabis stocks

Those who are enthusiastic about both Donald Trump and Kamala Harris supporting legalization in some form would say yes. But it’s going to take a lot more than just lip service from the two major candidates.

You see, when asking yourself, are cannabis stocks ready to rally, the first thing you have to consider is the overall health of the cannabis market altogether.

It didn’t get much coverage in the mainstream press, but last month, Whitney Economics released a report showing that, as of August 2024, only about 27% of U.S. cannabis businesses were profitable, with about 72% identified as either just breaking even or completely unprofitable. 

To put this in perspective...

>>> Read the full article here.

 

 

 

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