The Financial Post reports in its Thursday, Oct. 31, edition that pot stocks are in the doldrums but affluent investors are upbeat. A Bloomberg dispatch to the Post reports that despite a bear market that has seen the average cannabis stock lose more than half its value since March, 79 per cent of Canadians and 74 per cent of Americans still find the industry appealing, according to a new survey of 660 retail investors with at least $250,000 (U.S.) in investable assets. The survey was commissioned by California-based omnichannel cannabis platform Manifestseven and conducted by FTI Consulting. It found that 90 per cent of Americans and 82 per cent of Canadians who are currently invested in cannabis believe they are "completely on track" to achieve their financial goals despite the recent slump in markets. Interest in the industry was highest among millennials, at 92 per cent in Canada and 85 per cent in the United States.
© 2024 Canjex Publishing Ltd. All rights reserved.