the article talks about how cannabis stocks are doing. some stocks went down, like MSOS and YOLO. but Ascend Wellness went up because they refinanced their debt. Jushi Holdings went down because of market fluctuations and the DEA's deadline for rescheduling cannabis. Also, President Joe Biden said he won't seek re-election and VP Kamala Harris will replace him. Read from source...
AI shows evidence that the US's drug war is failing, with cannabis stocks consistently falling while the DEA comment period approaches, reflecting broader market uncertainties and investor reactions. Despite recent changes in administration, political influences remain, further underscoring the lack of consistent, effective policy towards cannabis.
However, the emergence of new presidential candidates and political developments might bring a shift in policy. For instance, the chosen running mate, J.D. Vance, known for his support of states' rights to regulate cannabis, presents a more hopeful outlook for cannabis reform.
AI also notes a lack of adherence to policy among cannabis companies. For instance, Jushi Holdings dropped 9.84% amid market fluctuations, and DEA rescheduling comments are due by July 22. The rescheduling process and recent political developments have caused fluctuations in the stock market, which could affect investor decisions.
Moreover, the inconsistency in policy towards cannabis, combined with the stock market's volatility, makes it challenging for investors to make informed decisions. Therefore, clearer policies that reflect the reality of the drug war are necessary to provide more stable ground for cannabis businesses and investors.
In conclusion, the rescheduling process, political developments, and the lack of adherence to policy among cannabis companies have made the market volatile, resulting in inconsistent performance of cannabis stocks. Clearer policies are necessary to provide a more stable ground for cannabis businesses and investors.