Christine Smith Says [In 12 Months Time] We're Going To See Continued Maturity; I Think We Are Going To See Consolidation; Less Brands But More Sophistication On Shelves; Hopefully See Movement From Feds That Can Allow Crossover, But I Don't Expect That
Portfolio Pulse from Benzinga Newsdesk
Christine Smith predicts continued maturity and consolidation in the cannabis industry over the next 12 months, with fewer brands but more sophisticated products. She also hopes for federal movement to allow crossover but does not expect it.
April 17, 2024 | 6:53 pm
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POSITIVE IMPACT
MSOS, a cannabis ETF, may see impacts from the predicted industry consolidation and maturity, as well as from potential but not expected federal regulatory changes.
Given MSOS's investment in the cannabis industry, the predicted consolidation and maturity could lead to a more stable and potentially more profitable market for its holdings. However, the lack of expected federal movement may limit the upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75