From an estimated $150 billion of spending in 2024, the category is expected to mushroom up to roughly $200 billion by 2030, according to estimates from Bloomberg Intelligence.
A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.
JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. banks.