Founder & Chief Economist At Whitney Economics, Beau Whitney [On Report] Says Midpoint Was $92B; Lot Of Opportunity, Cumulative Through 2035; At End Of 2023 Over $3.8B In Delinquent Account Receivables; This Looks At Health In Industry
Portfolio Pulse from Benzinga Newsdesk
Beau Whitney, Founder & Chief Economist at Whitney Economics, reports a midpoint of $92 billion in opportunities in the cannabis industry through 2035. However, by the end of 2023, there are over $3.8 billion in delinquent account receivables, indicating financial health concerns in the industry.
October 08, 2024 | 2:04 pm
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The cannabis industry faces a $92 billion opportunity through 2035, but $3.8 billion in delinquent receivables by end of 2023 could impact MSOS, an ETF focused on U.S. cannabis companies.
MSOS, an ETF focused on U.S. cannabis companies, may be impacted by the financial health concerns in the industry, as indicated by the $3.8 billion in delinquent receivables. This could lead to short-term price pressure on the ETF.
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