Stock prices have plummeted roughly 45 percent since mid-February, according to the AdvisorShares Pure U.S.
Cory Booker of New Jersey — have been adamant that they don’t think banking legislation should be enacted unless it’s paired with much broader changes to federal cannabis policy.
Even if that changes, the odds of getting all 50 Democrats behind the plan — let alone the 60 senators needed to break a filibuster — are exceedingly slim.
In California, legal cannabis sales peaked at over $350 million in April of this year before declining for five straight months, with September sales falling below $300 million, according to cannabis analytics firm BDSA.
Sales are expected to top $40 billion by 2025, driven by big new markets slated to come online in New York, New Jersey and Virginia.