12 Largest American Cannabis MSOs Now Up 4.3% YTD

American cannabis companies are not allowed by federal law to sell cannabis grown in one state in another state. So almost all have established multi-state operations (MSOs) to expand their businesses. That being said, the sale of medical cannabis will most likely become legal federally within the decade, which will allow cannabis companies to do business nationally. Such being the case, MSOs must establish brands that have strong consumer acceptance and name recognition, and competitive operational and financial foundations within the states in which they currently operate, if they hope to be well-positioned to successfully roll out nationally when the time comes. That's why it's important to keep track of how well the major players are doing at the state level in growing their sales and profits.

The 12 largest vertically integrated MSOs by market capitalization (i.e. those in excess of  $100M) are tracked in the munKNEE American Cannabis MSOs Index and below are the YTD performances, in descending order, of the constituents in the Index:

  1. TerrAscend (TRSSF): Up 64.5% YTD
  2. Planet 13 (PLNHF): Up 42.0% YTD
  3. Acreage (ACRDF/ACRHF): Up 21.7% YTD 
  4. Jushi (JUSHF): Up 8.4% YTD
  5. Green Thumb (GTBIF): Up  7.4% YTD
  6. Cresco Labs (CRLBF): Up 3.4% YTD
  7. Ayr (AYRWF): Up 3.1% YTD
  8. Verano (VRNOF): Up 0.5% YTD
  9. Curaleaf (CURLF): Down 0.3% YTD
  10. Ascend (AAWH): Down 0.8% YTD
  11. Trulieve (TCNNF): Down 7.7% YTD
  12. Columbia Care (CCHWF): Down 17.3% YTD

The munKNEE American Cannabis MSO Stocks Index was Up 5.1% this week and is now Up 4.3 % YTD. In comparison, the munKNEE  Canadian Cannabis LP Stocks Index went Up 4.6 % this week (see here) and is now only Up 4.7% YTD.

More By This Author:

6 Largest Psychedelic Stocks Showing Strength; Up 11.5% YTD
4 Of The 5 Largest Canadian Cannabis LPs Are Still Up YTD
Cannabis Portfolio Contest Update: YTD Performances Range From +12.7% To -10.0%

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