ETF Managers Group Cannabis Research and Banking Expert Jason Wilson in Investment News

Cannabis investments mellow as Congress tarries on decriminalization

As the calendar rolls around again to April 20 — the inside-joke holiday for marijuana enthusiasts because of the date’s similarity to Section 420 of the penal code related to illegal drug use — the investing side of the business has little to celebrate.

Exchange-traded funds launched over the past few years to ride a wave of state-level cannabis decriminalization have been deep in the red for more than a year, despite what many believed would be a move toward relaxed federal laws under the Biden administration.
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