[Video] Cannabis Industry’s 2024 Outlook: Expert Analysis From Highway 33 Capital Advisory
In a recent episode of Benzinga’s Cannabis Insider podcast, Cam Horan, managing partner of Highway 33 Capital Advisory shared an optimistic outlook for the cannabis industry, particularly highlighting the potential for substantial growth and recovery in 2024.
“We’re very excited about 2024,” Horan said, pointing to a gradual recovery of cannabis stocks and the anticipation of significant legal changes that could stimulate the market further.
A Shift Towards Recovery
Horan’s enthusiasm is based on the private market and M&A activities that Highway 33 specializes in, as well as an insightful analysis of the public cannabis market. Despite the turbulence faced by publicly traded cannabis companies, with stock values plummeting by 91% since the spring of 2021, there are now signs of a rebound.
“We think rescheduling is very likely,” …