1412 ET - The cannabis industry needs some kind of federal marijuana reform to come through and lift sentiment around the battered sector for the back half of the year, AllianceGlobalPartners analyst Aaron Grey says in a research note. Cannabis companies are still facing persistent pricing pressure, a lack of state-level catalysts for driving growth and upcoming debt maturities, making federal reform a needed development, the analyst says. People close to the Trump administration have been increasingly vocal about the need for reform in recent weeks, but its unclear how high of a priority it is for Trump, Grey says. Neither the president nor a key member of his administration have made a definitive statement about cannabis since Trump took office, he says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

July 22, 2025 14:13 ET (18:13 GMT)

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