TLRY - Is Now The Time To Invest In Cannabis Stocks? Trends And Long-Term Predictions From Industry Experts | Benzinga
The recent federal court ruling dismissing a lawsuit from major cannabis companies that sought to prevent the U.S. government from enforcing prohibition against their in-state activities, could signal critical implications for cannabis stocks and the broader industry.
On a recent episode of the The Dales Report Trade to Black podcast, Dan Ahrens, manager of AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:MSOS), shared insights into the consequences of the ruling, which the market appears to have interpreted negatively. However, according to Ahrens, this legal maneuver is part of a strategic approach to bring the issue to the Supreme Court, potentially leading to favorable regulatory changes.
Legal Developments: Impact On Cannabis Stocks
The stock market has shown volatility in response to these developments, largely due to the broader regulatory landscape and investor sentiment. Ahrens highlighted that U.S. cannabis stocks are highly sensitive to regulatory news, leading to significant market fluctuations and underscoring the industry’s dependency on ...