As Expected, Cannabis MSOs Starting To Decline - Again

By Lorimer Wilson, munKNEE.com
Saturday, February 10, 2024 11:10 AM EST

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As a caveat to last week's article I said the hype in cannabis MSOs would likely end soon just as we saw between late August and mid-September last year as the banking bill advanced and then erased most of those gains as the momentum waned and, previously between September and October 2022 when it jumped considerably amid hopes of legalization and that there was a distinct possibility that the current hype would likely end soon and that's what happened this week.

The 7 stocks in the munKNEE American Cannabis MSO Stocks Index were down 7.1% this week but still remain up 40.5% YTD. Below are their performances in descending order along with any recent news, commentary, and/or analysis on each company:

  1. Curaleaf Holdings (CURLF): down 2.0% this week; up 29.9% YTD
  2. Green Thumb (GTBIF): down 4.7% this week; up 16.8% YTD
  3. TerrAscend Corp. (TSNDF): down 5.2% this week; up 32.7% YTD
  4. Verano Holdings (VRNOF): down 8.5% this week; up 41.0% YTD
  5. Ayr Wellness (AYRWF): down 9.6% this week; up 56.1% YTD
  6. Trulieve Cannabis (TCNNF): down 10.7% this week; up 89.1% YTD
  7. Cresco Labs (CRLBF): down 11.3% this week; up 67.4% YTD

Summary

The munKNEE American Cannabis MSO Stocks Index is down 7.1% this week but is still up 40.5% YTD. 

More By This Author:

What Gives? The 7 Largest US Cannabis Stocks Are Up 51% YTD
A Comparison Of 9 Artificial Intelligence Category Returns In January
January Recap: These 15 Large-Cap Artificial Intelligence Stocks Averaged 17%

Disclosure: None

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