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Chris Casey: Cannabis Stocks Down 90% — The Ultimate Contrarian Bet?

Aug 11, 2025
Chris Casey, founder and managing director of Windrock Wealth Management, dives into the cannabis sector's dramatic 80–90% stock plunge. He argues this decline may create a unique contrarian investment opportunity. Discussing federal hurdles like tax restrictions and banking limitations, Casey identifies two potential catalysts: cannabis rescheduling and the SAFER Banking Act. He believes these changes could unlock significant capital and efficiency, and predicts a resurgence for industry leaders, positioning cannabis as a compelling investment prospect.
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INSIGHT

Cannabis Stocks As A Contrarian Call

  • Chris Casey calls beaten stocks a "call option" on a high-growth industry.
  • He argues deep declines create a rare contrarian buying opportunity.
INSIGHT

State Legalization Versus Federal Law

  • Chris Casey highlights wide state legalization but federal conflict persists.
  • He warns federal Schedule I status still blocks normal industry functions.
INSIGHT

Large Yet Early-Stage Market

  • Chris Casey says U.S. cannabis sales were about $30 billion last year.
  • He notes this is far below alcohol and tobacco, leaving big growth runway.
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