EXCLUSIVE: Florida On Cusp Of Adult-Use Legalization Cannabis Sales Boom, CEO Tells Benzinga Conference — 'It's Going To Be Huge'
Portfolio Pulse from Adam Eckert
Florida is on the verge of legalizing recreational marijuana, with a vote set for November on Amendment 3, which would legalize adult non-medical use starting May 2025. Executives from AYR Wellness, Verano Holdings, and The Cannabist Company discussed the potential market boom at the Benzinga Cannabis Capital Conference, highlighting Florida's significant medical market and the expected sales increase. Verano Holdings is preparing by expanding its presence, while The Cannabist Company is gearing up for regulatory changes. AdvisorShares' CIO Dan Ahrens, managing MSOS and YOLO ETFs, is positioning investments in anticipation of regulatory momentum in Florida.
April 16, 2024 | 3:52 pm
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POSITIVE IMPACT
AdvisorShares Pure US Cannabis ETF (MSOS) is positioned to benefit from regulatory momentum in Florida, with potential for increased investment value.
MSOS, managed by AdvisorShares' CIO Dan Ahrens, is strategically positioned to capitalize on regulatory changes in Florida, a significant market for cannabis. The anticipation of adult-use legalization could lead to increased investments in the state, potentially boosting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
AdvisorShares Pure Cannabis ETF (YOLO) could see a positive impact from the anticipated regulatory changes in Florida's cannabis market.
With Dan Ahrens at the helm, YOLO is looking to leverage regulatory momentum in Florida, a key cannabis market. The ETF's focus on cannabis investments positions it well to gain from the state's potential shift to recreational use, enhancing its appeal to investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70