Eclipsing Prohibition: US Cannabis Industry Report Shows Growth Amid Regulatory Anticipation
In the latest report from Water Tower Research (WTR) published Monday, seasoned industry analyst Jesse Redmond provides a comprehensive overview of the most recent investment trends and legal shifts in the cannabis sector.
Redmond’s analysis will doubtless trigger conversation at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16-17, where he will be a featured speaker, unveiling the future of cannabis investments and policy reform.
A Week Marked By ETF Volatility
The cannabis industry witnessed notable fluctuations the past week, with the US-based AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) seeing a modest gain of 1.10%, contrasting sharply with the global AdvisorShares Pure Cannabis ETF (NYSE:YOLO) leap of 3.92%, as noted in WTR’s report. This surge underscores a pivotal moment, primarily fueled by Canadian entities, marking a remarkable year-to-date uptrend of 49.70% for MSOS and 39.47% for YOLO.
AYR Wellness Leads With Strategic Catalysts
Looking back at last week’s triumphs, Redmond spotlights AYR Wellness (OTCQX:AYRWF) as a front-runner, boasting an 8.47% …