![]() If new markets open up for the cannabis industry, at the very best, it will prop up the existing foundations of successful businesses. These firms should already be proving their merits in the market where they have existing legal operations. So another country’s legislation wouldn’t guarantee their improved success. That’s because plenty of the listed cannabis firms offering recreational products already have operations and sales in Canada. And America’s legalisation wouldn’t magically catapult existing cannabis firms out of the weeds. Underneath a lot of hype, there are businesses to be run. ![]() If, or when it happens, the profit taps aren’t just going to get turned on though. ![]() Many investors continued to flock to cannabis stocks in hopes of benefitting from legalisation once it came in. The press blasted headlines of new policies sure to pave the way for decriminalisation. That didn’t turn out to be the case, and what followed was speculation galore. When Biden was elected in 2020, the stock market responded as if his first port of call would be to legalise cannabis. ![]()
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