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Introduction

Speaking at a White House press conference Monday, President Donald Trump said his administration was “looking at” the Biden-era proposal to move marijuana from Schedule I to Schedule III and would “make a determination over the next few weeks”  That is all the cannabis world wanted to hear causing cannabis stocks to pop 30% by day's-end. 

Key Catalysts Behind the Rally Yesterday

1. A reclassifying of cannabis from Schedule I to Schedule III would dramatically reduce tax burdens under Section 280E in the U.S., allowing MSOs to deduct normal business expenses dramatically improving profitability and

2. Trump's comments yesterday made investors more hopeful that SAFE Banking legislation, which would allow cannabis firms access to traditional banking reducing operational friction and cost, would pass under the new administration.

Below are how the stocks of the 6 largest American MSOs (Multi-State Operators) and 5 largest Canadian cannabis LPs (Licensed Producers) stocks reacted to Trump's comments yesterday (August 11th), in descending order, and YTD:

Our American Cannabis MSOs Portfolio

1. Trulieve Cannabis (TCNNF): UP 38.2% August 11th; UP 67.1% YTD
2. Curaleaf Holdings (CURLF): UP 35.3% August 11th; UP 90.3% YTD
3. TerrAscend Corp. (TSNDF): UP 35.2% August 11th; UP 25.0% YTD
4. Cresco Labs (CRLBF): UP 32.6% August 11th; UP 20.7% YTD
5. Verano Holdings (VRNOF): UP 25.0% August 11th; UP 1.7% YTD
6. Green Thumb industries (GTBIF): UP x% August 11th; UP 10.7% YTD
   • Average: UP 33.9% August 11th; UP 34.4% YTD

Go HERE to create a chart of the portfolio's performance

Our Canadian Cannabis LPs Portfolio

1. Tilray Brands (TLRY): UP 41.8% August 11th; DOWN 30.8% YTD 
2. Canopy Growth (CGC): UP 26.4% August 11th; DOWN 42.3% YTD
3. Aurora Cannabis (ACB): UP 16.3% August 11th; UP 22.6% YTD
4. Cronos Group (CRON): UP 16.1% August 11th; UP 32.2% YTD
5. Organigram Global (OGI): UP 13.5% August 11th; UP 1.9% YTD
   • Average: UP 22.5% yesterday; UP 0.6% YTD

Go HERE to create a chart of the portfolio's performance

Summary:

The 11 largest cannabis stocks were UP 29.7%, on average, yesterday, putting them UP 20.2%, on average, YTD.

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