Marijuana Industry Could Stay in Limbo Under Trump -- Heard on the Street -- WSJ

Dow Jones11-22

The AdvisorShares Pure US Cannabis ETF has lost more than 80% of its value over the past three years. "Marijuana Industry Could Stay in Limbo Under Trump," at 5:30 a.m. ET, incorrectly called the fund the AdvisorShares US Pure Cannabis ETF in one instance.

(END) Dow Jones Newswires

November 22, 2024 16:34 ET (21:34 GMT)

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A bad and likely outcome for pot companies is that everything stays the same as it is today during the second Trump administration.Cannabis investors have been despondent since the election delivered a triple blow in the form of Donald Trump's victory, a Republican sweep of Congress and a failed ballot to legalize adult-use marijuana in Florida. The AdvisorShares Pure US Cannabis ETF, which tracks a basket of American pot stocks, is down almost a third since Election Day.The incoming administration marks the sixth consecutive presidential term under which the cannabis industry will be forced to operate in limbo. America first began dabbling with legal cannabis more than 20 years ago, when California established a medical-use cannabis market in 1996, says Matt Karnes, founder of cannabis research firm GreenWave Advisors.The failed Florida vote also challenge","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSOS":"AdvisorShares Pure US Cannabis ETF"},"translate_title":"华尔街日报在特朗普的领导下，大麻行业可能会陷入困境","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSOS":0.9},"content_text":"The AdvisorShares Pure US Cannabis ETF has lost more than 80% of its value over the past three years. \"Marijuana Industry Could Stay in Limbo Under Trump,\" at 5:30 a.m. ET, incorrectly called the fund the AdvisorShares US Pure Cannabis ETF in one instance. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2024 16:34 ET (21:34 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485230988"}