November 2021, M1 Macbook Pro, MacOS 12.0.1 Monterey using bash, Anaconda Navigator 2.1.1 installed from the GUI installer not brew. Seems like it'd work with zsh too.
Try their code required at the end of the install process to re-add Brew back to your PATH. Replace USERNAME with your profile name as seen in a finder window.
echo 'eval "$(/opt/homebrew/bin/brew shellenv)"' >> /Users/USERNAME/.bash_profile
eval "$(/opt/homebrew/bin/brew shellenv)"
To solve I reinstalled Brew as on their website without removing or uninstalling Brew or Brew files which tells you to do the above commands anyway.
/bin/bash -c "$(curl -fsSL https://raw.githubusercontent.com/Homebrew/install/HEAD/install.sh)"
There probably some housekeeping and efficiency stuff experienced users might do or recommend but I'm not that knowledgeable and this worked for me. I just wanted to post an update for M1 people.
I noticed I was working in the (base) environment in terminal and just considered that wasn't working the same as regular termial.
Discussion on removing base env and text only
According to this post, base is activated by default so you have two options. (1) configure PATH for the base environment with all the missing pieces your normal PATH has or (2) deactivate base
(1) is for more googling others' answers but you can start with export PATH="/usr/local/bin:/usr/bin:/bin:/usr/sbin:/sbin"
to get most of the basic functions.
(2) turn off the (base) environment each time with conda deactivate
or disable its default activation with conda config --set auto_activate_base false