Cannabis Trends to Watch For in 2024

Cannabis trends and investment activity in 2024 are likely to be influenced by election outcomes and the reclassification of cannabis at the federal level.

marijuana plant in gold pot with gold ornaments and streamers next to it
(Image credit: Getty Images)

The most action in the march toward federal legalization of recreational marijuana typically occurs during election years – 2024 will be no different for one of the top cannabis trends. 

At the state level, Pennsylvania and Florida could potentially join the legal cannabis industry. Indiana, which did not appear to be entering the legal cannabis space previously, may also join the march toward legalization after introducing a ballot initiative for November. 

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Morgan Paxhia
Contributing Writer

Morgan Paxhia is Managing Director and Co-Founder of Poseidon Investment Management. With over 10 years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. This content is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing should be construed as a recommendation by Poseidon Investment Management, LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. This content should not be considered as an offer or solicitation to purchase or sell securities or other services. Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria. The content presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance is not indicative of future results.