From Decline to Surge: Marijuana ETFs Recover Amid Legalization Hopes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 06 2025
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Source: NASDAQ.COM
Marijuana ETF Resurgence: Marijuana Exchange-Traded Funds (ETFs) have seen a significant rebound, with some increasing over 100% in the past three months, following a challenging 2024, largely due to renewed optimism from potential U.S. legalization efforts and political support from figures like President Trump.
Market Challenges and Opportunities: Despite a strong demand for cannabis, the market faced heavy losses in 2024 due to regulatory issues, high taxes, and competition from the illicit market; however, recent developments regarding the rescheduling of cannabis have sparked renewed investor interest in various cannabis-focused ETFs.
Analyst Views on MJ
Wall Street analysts forecast MJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MJ 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: 28.660
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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.
