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- Title
Stock Performance of the Cannabis Industry Compared to Other Sin Industries.
- Authors
Turley, Paige; Wang, Weishen; Hefner, Frank
- Abstract
Cannabis is a controversial product, and cannabis-related businesses (CRB) currently are constrained at the federal level and in many states where the use of cannabis is illegal. To analyze whether these constraints and controversies affected performance, we created a portfolio containing cannabis firms and their stocks to measure growth and stock performance. We compared the performance of the cannabis industry with other similar "sin" industries. We found that despite the constraints and controversies surrounding the industry, firms in the cannabis industry have high growth rates and their stocks perform favorably compared to broad indexes and other "sin" industries. Based on some valuation metrics, cannabis stocks currently are undervalued.
- Subjects
MARIJUANA industry; SIN
- Publication
Journal of Beta Investment Strategies, 2024, Vol 15, Issue 2, p103
- ISSN
2771-6511
- Publication type
Article
- DOI
10.3905/jbis.2024.1.058