Legal Weed Sees Momentum in States, Illicit Competition in 2023
For cannabis watchers, incremental steps are expected in the industry this year as opposed to big gains.
Photographer: Jeenah Moon/BloombergWelcome to my weekly look at what’s happening in cannabis and psychedelics. After looking last week at why psychedelics investors are optimistic about 2023, I’ve turned my attention to cannabis predictions.
Predictions are always a shot in the dark. And given the cannabis market’s declines in both publicly traded stocks and wholesale prices over the past year, there aren’t too many upbeat prophecies being made for the year ahead.