'Trump effect' raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance

Cannabis Industry Buzzes with Policy Shifts and Mixed Earnings: As signs of a policy shift from Washington spark excitement among investors, cannabis stocks surge. Verano Holdings reports mixed results, while Curaleaf and Trulieve's earnings next week will provide more insights. Meanwhile, cannabis-focused funds are down, but hope for a turnaround remains. The 'Trump effect' sent stocks soaring, and Americans are now using marijuana more than alcohol. Regulatory updates, including stronger rules for hemp-derived goods, are expected, which could attract bigger investors and boost market confidence. All eyes are on Washington for potential reforms that could stabilize the volatile business.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.