MRMD - Why Is My Screen So Green? Cannabis Stocks Surge In Early 2024 WTR Reports Findings | Benzinga
In early 2024, the screens of cannabis investors lit up with a promising green glow, which signals stock prices going up and a bullish surge in cannabis stocks.
Water Tower Research (WTR) captures this momentum in its latest report, offering a concise overview of the significant gains and emerging trends shaping the cannabis market and the potential future of cannabis investments.
Robust Growth In Cannabis Stocks
Cannabis stocks witnessed a remarkable upswing at the beginning of 2024, with the US cannabis MSOS ETF soaring by 13.12% and the global YOLO ETF increasing by 9.11%.
The report attributes this growth, at least partially, to positive market sentiment driven by the potential reclassification of cannabis by the DEA, in agreement with a recommendation made by the Dept. of Health and Human Services.
This reclassification could eliminate the restrictive ...