American Cannabis MSO Stocks Index Has Rebounded In 2023

TM Editors' Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.
 

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The 7 largest multi-state operator stocks as tracked in munKNEE's American Cannabis MSO Stocks Index are DOWN marginally (-0.3%), on average, so far in December but remain UP 4.8% so far in 2023 after having gone DOWN 72% in 2022 and DOWN 27% in 2021 but remain DOWN 86.6% from their all-time highs.

Below are their performances this year as of December 26th (YTD), in descending order, and over the past 3 years:

1. Ayr Wellness (AYRWF): UP 64% YTD; DOWN 92% in past 3 years
2. Trulieve Cannabis (TCNNF): UP 40% YTD; DOWN 84% in past 3 years
3. Verano Holdings (VRNOF): UP 31% YTD; DOWN 81% in past 3 years
4. Green Thumb (GTBIF): UP 27% YTD; DOWN 55% in past 3 years
5. Curaleaf Holdings (CURLF): DOWN 8% YTD; DOWN 67% in past 3 years
6. Cresco Labs (CRLBF): DOWN 21% YTD; DOWN 86% in past 3 years 
7. TerrAscend Corp. (TSNDF): DOWN 33% YTD; DOWN 84% in past 3 years 

Summary

The non-tradable munKNEE American Cannabis MSOs Index is UP 4.8% YTD and DOWN 86.6% in the past 3 years while the AdvisorShares Pure US Cannabis ETF (MSOS) is DOWN 5.1% YTD and is now DOWN 80.9% since the end of 2020.

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