-->DJ TerrAscend Sees Big Investors at the Ready for U.S. Cannabis Reform -- Market Talk, from 2:05PM ET on Tuesday Dec 12, 2023 by Dow Jones
2:05PM ET on Tuesday Dec 12, 2023 by Dow Jones
Companies Mentioned: TSND
1405 ET - Major investors who have either already made big bucks on cannabis or are new to the space seem
-->poised to start investing once the U.S. government finalizes some significant cannabis policy reform, TerrAscend CEO Ziad Ghanem tells WSJ.
There are two avenues of reform on the horizon: the so-called SAFER bill recently cleared for a Senate vote that would ease banking restrictions on the industry
and a Biden administration push to reclassify cannabis as a less dangerous drug.
Either effort would improve the fundamentals of the industry and make it more attractive to many investors, who are clearly seeing that change is afoot,
Ghanem says, adding that investors who've already lost money in cannabis still seem resistant to jumping back in. (dean.seal@wsj.com)
1405 ET - Major investors who have either already made big bucks on cannabis or are new to the space seem poised to start investing once the U.S. government finalizes some significant cannabis policy reform, TerrAscend CEO Ziad Ghanem tells WSJ. There are two avenues of reform on the horizon: the so-called SAFER bill recently cleared for a Senate vote that would ease banking restrictions on the industry and a Biden administration push to reclassify cannabis as a less dangerous drug. Either effort would improve the fundamentals of the industry and make it more attractive to many investors, who are clearly seeing that change is afoot, Ghanem says, adding that investors who've already lost money in cannabis still seem resistant to jumping back in. (dean.seal@wsj.com)
DJ TerrAscend Sees Big Investors at the Ready for U.S. Cannabis Reform -- Market Talk
, from 2:05PM ET on Tuesday Dec 12, 2023 by Dow Jones 2:05PM ET on Tuesday Dec 12, 2023 by Dow Jones
1405 ET - Major investors who have either already made big bucks on cannabis or are new to the space seem poised to start investing once the U.S. government finalizes some significant cannabis policy reform, TerrAscend CEO Ziad Ghanem tells WSJ. There are two avenues of reform on the horizon: the so-called SAFER bill recently cleared for a Senate vote that would ease banking restrictions on the industry and a Biden administration push to reclassify cannabis as a less dangerous drug. Either effort would improve the fundamentals of the industry and make it more attractive to many investors, who are clearly seeing that change is afoot, Ghanem says, adding that investors who've already lost money in cannabis still seem resistant to jumping back in. (dean.seal@wsj.com)