Top 4 Cannabis Earnings Insights to Act Now

The cannabis sector's earnings season has wrapped up, and on top of individual company results, it's left us with four critical takeaways to understand now.

Like most retailers, cannabis companies report late in the earnings season. So the sector just finished reporting the third quarter.

Here are the four key sector insights from earnings calls – three positive and one negative.

Big picture, cannabis company executives still believe President Donald Trump's administration will reschedule cannabis. That will be a huge sector catalyst. But like everyone else, they just don't know when.

"I continue to believe the administration will ultimately deliver on its commitment to reschedule cannabis to Schedule III, on its own timetable," said Curaleaf (CURLF) CEO Boris Jordan. "I am more positive on that than I have ever been. I think we are on the precipice of getting change."

Jordan's logic comes down to politics. "They need the youth vote. They got a major message in the election that they need something that attracts it." The big question is when rescheduling will happen. "I think he is going to do it on his timetable not when we want. Sometimes these things take a lot more time than people think." In the past, Jordan has speculated that rescheduling will happen closer to the 2026 midterms, for greater political impact.

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