Anthony Coniglio (Courtesy photo)
The marijuana industry was a roller-coaster ride in 2023, characterized by both highs and lows.
As cannabis operators look at the landscape for 2024, several key themes will likely emerge.
From legislative and regulatory changes to market sensitivity and price stabilization to M&A dynamics, it will be crucial to remain cautious of hurdles that the marijuana sector will face and stay on top of the five areas that are expected to shape the industry in 2024:
SAFER Banking and Section 10. Equities sensitivity. Continued stabilization with little new capital formation. M&A on a tuck-in basis.
Rescheduling
Earlier this year, cannabis companies saw meaningful gains following the U.S. Department of Health and Human Services’ recommendation to the Drug Enforcement Agency that marijuana be rescheduled from Schedule 1 to Schedule 3 of the Controlled Substances Act – the same category as Tylenol with codeine.
If rescheduling were
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