Largest Cannabis MSO Stocks Up 21% This Week Thanks To Trump Plug

Introduction

Cannabis stocks moved sharply higher this week after U.S. President Donald Trump publicly endorsed the use of cannabidiol (CBD) for senior healthcare with the reposting of a video that highlighted CBD's potential to “revolutionize senior healthcare” by:

• slowing the progression of diseases,
• providing alternatives to prescription drugs,
• reducing pain and stress,
• improving sleep, and
• helping deal with health issues, including cancer symptoms and Alzheimer's.

The three-minute video also includes a Fox News segment outlining the financial advantages of legalizing marijuana for medical purposes maintaining that it would lead to cost savings of “$64 billion a year if cannabis is fully integrated into the healthcare system”.

American Cannabis MSO Stocks Portfolio

That is all the investors/speculators in cannabis MSOs needed to drive the prices of the 6 largest such stocks in our American Cannabis MSO Stocks Portfolio skyward week ending October 3rd. Below are the performances of its 6 constituents, in descending order, for the week, and YTD, and a chart showing how the Portfolio has performed over various time periods:

1. Cresco (CRLBF): UP 35.0% week-ending October 3rd; UP 69.5% YTD
2. Verano (VRNOF): UP 29.8% week-ending October 3rd; UP 25.4% YTD
3. Curaleaf (CURLF): UP 28.9% week-ending October 3rd; UP 109.0% YTD
4. Trulieve (TCNNF):  UP 18.7% week-ending October 3rd; UP 79.5% YTD
5. Green Thumb (GTBIF): UP 16.9% week-ending October 3rd; UP 10.7% YTD
6. TerrAscend (TSNDF): UP 15.3% week-ending October 3rd; UP 38.3% YTD

Summary 

The above stocks were UP 20.6%, on average, week-ending October 3rd and are now UP 44.1% YTD.

 

A Comparison Chart Of The Performance Of The 6 Constituents YTD

Source: StockCharts.com

A Chart Of The Performance Of The Portfolio YTD

The above portfolio chart has been generated using the tools provided by PortfoliosLab.com and easy step-by-step instructions are available here to help you create a chart of your own portfolio or that of a client. It's easy, fast and free.