Green Thumb Industries Stock Declines Amid Cannabis Sector Pessimism

Green Thumb Industries (GTBIF) saw its stock plummet over 7% on Wednesday, underperforming against a broader market index that gained 0.5%. The decline followed a pessimistic industry survey from Shield Compliance, which gauged financial sector sentiment on cannabis rescheduling.

The survey revealed a mere 34% average probability among respondents that marijuana WOULD be rescheduled by year-end. This dim outlook contrasts sharply with the industry's overwhelming consensus—97% of surveyed professionals—that federal legalization is critical for long-term viability.

Market reaction suggests investors are pricing in delayed regulatory progress, despite the transformative potential of rescheduling for cannabis businesses. The sector's sensitivity to policy developments remains acute, with tax relief and banking access hanging in the balance.