Congress Resolved the Shutdown, Yet Sacrificed THC Product Legalization in a Last-Minute Agreement That May Transform the Cannabis Industry | Intellectia.AI
Congress Resolved the Shutdown, Yet Sacrificed THC Product Legalization in a Last-Minute Agreement That May Transform the Cannabis Industry
Written by Emily J. Thompson, Senior Investment Analyst
Government Shutdown Ends: Congress passed a funding bill that ended a record-long government shutdown, but it included a controversial provision that criminalizes several THC-infused and hemp-derived products previously legalized under the 2018 Farm Bill.
Impact on Hemp Industry: The new provision could eliminate nearly all legal hemp products, affecting farmers and overriding existing state laws, as warned by Senator Rand Paul, who emphasized the importance of hemp for farmers facing rising costs.
Market Reactions: The stock market response is mixed; while some multi-state operators may benefit from reduced competition, companies like Tilray Brands Inc. and others with exposure to hemp-derived THC products have seen significant declines.
Future of Cannabis Regulation: The situation raises concerns about the future of cannabis regulation, with calls for a more targeted approach to address issues in the industry rather than broad prohibitions that could harm legitimate businesses.
Wall Street analysts forecast WEED stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEED is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast WEED stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEED is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 19.760
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Current: 19.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
