The American Cannabis Multi State Operators Index tracks the performance of the 13 largest (by market capitalization) pure-play stocks. The uptrend in the Index continued last week (UP 2.4%) but only 5 of the 13 constituents advanced. Below are the performances of the constituents last week, in descending order, and since the end of June.

Advanced

1. Acreage (ACRDF/HF): UP 14.0% this past week; UP 6.9% since the end of June
   • Recent Analysis/Commentary: Go here
2. Green Thumb (GTBIF): UP 12.1% this past week; UP 37.2% since the end of June
   • Recent Analysis/Commentary: Go here
3. Curaleaf (CURLF): UP 8.4% this past week; UP 21.0% since the end of June
   • Recent Analysis/Commentary: Go here
4. Verano (VRNOF): UP 4.2% this past week; DOWN 3.7 % since the end of June
   • Recent Analysis/Commentary: Go here
5. Trulieve (TCNNF): UP 0.2% this past week; UP 14.2% since the end of June
   • Recent Analysis/Commentary: Go here

Declined Less than 5%

1. Ascend (AAWH): DOWN 0.4% this past week; UP 19.8% since the end of June
   • No articles of note
2. Cresco (CRLBF): DOWN 0.9% this past week; UP 37.5% since the end of June
   • Recent Analysis/Commentary: Go here
3. Columbia Care (CCHWF): DOWN 1.1% this past week; UP 9.6% since the end of June
   • Recent Analysis/Commentary: Go here
4. Planet 13 (PLNHF): DOWN 2.6% this past week; UP 65.2% since the end of June
   • No articles of note
5. Goodness Growth (GDNSF): DOWN 2.7% this past week; DOWN 11.4% since the end of June
   • No articles of note

Declined In Excess Of 5%

1. Ayr (AYRWF): DOWN 5.2% this past week; DOWN 4.0% since the end of June
   • Recent Analysis/Commentary: Go here
2. Jushi (JUSHF): DOWN 7.8% this past week; UP 33.1% since the end of June
   • Recent Analysis/Commentary: Go here
3. TerrAscend (TRSSF): DOWN 10.9% this past week; DOWN 7.0% since the end of June
   • Recent Analysis/Commentary: Go here

In total,

• the munKNEE American Cannabis Multi State Operators Index was UP 2.4% last week and has gone UP 13.2% since the end of June but is still DOWN 51.8% YTD.
• That compares with the munKNEE Canadian Pure-Play Pot Stocks Index (see details here) which was UP 6.4% last week and has gone UP 21.8% since the end of June but is still DOWN 55.6% YTD.

For a financial assessment of each of the above MSOs visit a recent article (see here) that provides such data.

If you are interested in investing in one of the ETFs that are heavily invested in American pure-play vertically integrated cannabis MSO companies (see here)  then consider one of the following:

1. Purpose Marijuana Opportunities ETF (MJJ:NEO): 95% of its constituents are pure-play of which 100% are MSOs. The ETF is only listed on the Canadian NEO exchange and trades in Canadian dollars. If you are a non-Canadian give your broker the ISIN  number CA74641T1066MJJ to help facilitate the purchase. 
2. Pure US Cannabis ETF (MSOS): 90% of its constituents are pure-play of which 100% are MSOs
3. Roundhill Cannabis ETF (WEED): 81% of its constituents are pure-play of which 80% are MSOs
4. Horizons US Marijuana Index ETF (HMUS:NEO): 78% of its constituents are pure-play of which 100% are MSOs. The ETF is only listed on the Canadian NEO exchange and trades in Canadian dollars. If you are a non-Canadian give your broker the ISIN number CA44055B2066 to help facilitate the purchase.
5. Amplify Seymour Cannabis ETF (CNBS): 66% of its constituents are pure-play of which 78% are MSOs 

If you are more adventuresome consider investing in one of the following leveraged (inverse or bull) ETFs:

1. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
2. ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL)
3. Horizons 2x Bull Marijuana Companies ETF (HMJU)

An "inverse" ETF is the way to go if you think the cannabis sector is going to decline considerably in the months ahead while a 'bull" ETF is for those that think the sector is going to advance. Personally, I think the American marijuana market has nowhere to go up having declined 51.8% YTD - and having declined 77.8% from its peak in February 2021. That is not a recommendation so do your own research before taking a position.

More By This Author:

Upward Trend In Canadian Cannabis Stocks Continues
Cronos Group Q2 Net Revenue Loss Reduced By 38%
Acreage Holdings' Q2 Financial Report Shows Marked Improvement