The marijuana capital markets have experienced a whirlwind over the past few years – and this year’s elections around the nation show little sign of affecting the capital markets no matter who comes out on top.

Historically, investors have shown high hopes for the cannabis industry, particularly in the wake of evolving state-level legalizations. Yet the capital markets have changed dramatically.

As of October, cannabis stocks such as the AdvisorShares Pure US Cannabis ETF (MSOS) are down more than 85% from their all-time highs.

Despite this sharp decline, the regulated U.S. marijuana market is larger than ever, growing from $27 billion in 2021 to an anticipated $32.1 billion by the end of 2024, according to the MJBiz Factbook.

This item originally appeared on MJBizDaily. The rest of the story is available here.