Navigating the Growing Cannabis Stock Landscape in 2024
–News Direct–
Cannabis, once relegated to the shadows of legality, now finds itself at the forefront of a rapidly evolving industry. With 37 states legalizing medical use and 23 allowing full legalization, the landscape is shifting. However, federally, cannabis remains classified alongside heroin and LSD, creating both potential and uncertainty for marijuana companies. Additionally, Canada's nationwide legalization in 2018 paved the way for American cannabis firms to list shares on Canadian exchanges, signaling a turning point.
The sector's growth is palpable, evident in the New Cannabis Ventures Global Cannabis Stock Index's remarkable 26% surge in 2024's first quarter, outperforming the S&P 500. This burgeoning market encompasses not only retail o...