America’s marijuana industry is wilting

Donald Trump seems to want looser rules on pot. Why are investors not excited?

featured-image

Donald Trump seems to want looser rules on pot. Why are investors not excited? N o American president has been as ostensibly pro-pot as Donald Trump. During the campaign he declared support for various cannabis-reform measures, and said he would vote in favour of recreational use in a November ballot in Florida.

Yet despite his victory, weed stocks continue to perform poorly. What killed the buzz? Explore more More from Business China is catching up with America in quantum technology But its state-heavy innovation model comes with risks Why are Nordic companies so successful? From IKEA to Novo Nordisk, many of Europe’s top firms come from the region Who was the best CEO of 2024? Our annual assessment of the world’s business bigwigs The business of nicknames When they help brands and employees. And when they hurt Meet the most ruthless CEO in the trillion-dollar tech club Hock Tan of Broadcom is less Jensen Huang or Tim Cook and more Jack Welch on steroids Can Lego remain the world’s coolest toymaker? And get greener too?.