The first release of public information regarding the referendum to legalise cannabis for adult use, which will be held at next year’s General Election, was made on Tuesday, along with the publication of the draft cannabis legalisation bill – the Cannabis Legalisation and Control Bill.
Much like investors who have pulled back from the highly anticipated IPOs of 2019, many buyers of cannabis stocks and ETFs may want to think again before they hold out for better times and suffer a series of additional downdrafts. Despite the industry’s long-term prospects, some analysts have been cutting forecasts for cannabis sales and cash flow, expecting the underperformance to continue into next year.
Much like investors who have pulled back from the highly anticipated IPOs of 2019, many buyers of cannabis stocks and ETFs may want to think again before they hold out for better times and suffer a series of additional downdrafts. Despite the industry’s long-term prospects, some analysts have been cutting forecasts for cannabis sales and cash flow, expecting the underperformance to continue into next year.
“Virginians know we can do better. It’s time to move toward legal, regulated adult use,” Herring said in his retweet of a study that revealed more than half of Virginians agree with him.