- December 19, 2021
- Posted by: Stratford Team
- Category: Business
Cannabis companies look toward 2022 with plans to expand their businesses to legal markets in more states despite an expected lack of movement on the federal level to end cannabis prohibition.
As a whole, cannabis companies hope to see the New Year reverse their weak 2021 performance, even if the underlying business of legal weed has continued to pick up steam in the U.S.
Federal legalization will remain on the back burner on Capitol Hill for 2022 as well, according to industry observers.
Some hope remains, though, that SAFE Banking legislation opening up the federal banking system to cannabis companies could possibly move forward in 2022. That could pave the way for more Nasdaq listings by U.S.-based plant-touching companies such as Curaleaf
CURLF,
-3.15%,
Green Thumb Industries
GTBIF,
-0.05%,
Trulieve
TCNNF,
-1.88%,
Ayr Wellness
AYRWF,
+0.31%
or…
