Founder & Chief Economist At Whitney Economics, Beau Whitney Says Lots Of Forecast Are Based Upon Licenses; Found Tremendous Growth For Retail Sector; Cultivation Is Oversubscribed, States Have Issued Too Many Licenses; There Is Still Opportunity, But Need To Go State By State; Total Investment Potential Midpoint $48B In New Money In 2030
Portfolio Pulse from Benzinga Newsdesk
Beau Whitney, Founder & Chief Economist at Whitney Economics, highlights the growth potential in the retail cannabis sector, noting that cultivation is oversubscribed due to excessive licensing. He suggests a state-by-state approach to tap into the $48 billion investment potential by 2030.
October 08, 2024 | 2:06 pm
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The cannabis retail sector is poised for significant growth, but cultivation faces challenges due to oversubscription. MSOS, an ETF focused on the cannabis sector, may benefit from strategic state-by-state investments.
MSOS, being an ETF focused on the cannabis sector, is likely to benefit from the projected growth in the retail sector. The oversubscription in cultivation licenses suggests a need for strategic investments, which could positively impact MSOS's holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80