Take Advantage of Village Farms Stock as Cannabis Market Evolves
Regulations surrounding cannabis in the U.S. are far from settled, and the legal status of various cannabis-derived products for recreational or medical use can vary significantly from one jurisdiction to the next. In this shifting landscape, companies focused on cultivating, producing, and selling cannabis products face a challenging and shifting set of regulatory hurdles.
In the upcoming November election, the legal status of cannabis will once again be on the ballot in several states. Arkansas, Florida, Nebraska, and both North and South Dakota will vote on measures to either legalize marijuana or loosen existing regulations.
Given its widespread uses in industries including food and beverage, cosmetics, and pharmaceuticals, among others, cannabis represents a large and rapidly growing business. The size of the U.S. cannabis market as of 2023 has been estimated at over $33 billion, with an anticipated compound annual growth rate of a whopping 12% through 2030.
Village Farms’ Balance Sheet, Sales Growth, and Valuation
Village Farms International Inc. (NASDAQ: VFF) is a controlled environment agriculture company that devotes a prominent portion of its business to cannabis in both the U.S. and Canada. The firm balances that against traditional produce and energy segments, which act as a built-in hedge against uncertainty in the cannabis space. Village Farms stands out among cannabis companies …