MarketWatch: “Cannabis stocks mixed after landmark hearing on U.S. laws, CannTrust slammed afresh”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Jessica Rabe:
.... "Jessica Rabe, co-founder of data and markets research company Datatrek, said Thursday 2020 will likely see the next big push for retail cannabis legalization, either through legislative action, as happened recently in Illinois, or the ballot box.
For investors, it’s important to note than 28% of the U.S. population now live in a state where adult-use of cannabis is legal.
“Whether or not populous U.S. states, such as New York and New Jersey, legalize retail marijuana is crucial for public pot companies in order to increase their total addressable markets and growth rates,” she wrote in daily commentary. “The sooner, the better, but “sooner” doesn’t appear to include 2019"....
Read the full article here on MarketWatch!