Largest American Cannabis Stocks Collapsed 35% This Week

The munKNEE American Cannabis MSOs Index consists of the 12 largest vertically integrated (i.e. seed-to-sale) American Multi State Operators by market capitalization. Below are the performances of its constituents this week, in descending order. Also presented are links to summary articles on their latest quarter financial results and a link to a previous article which highlights the financial health of each constituent. 

  1. TerrAscend (TRSSF): DOWN 5.2% this week
  2. Planet 13 (PLNHF): DOWN 19.0% this week
  3. Cresco (CRLBF): DOWN 21.5% this week
  4. Trulieve (TCNNF): DOWN 22.1% this week
  5. Verano (VRNOF): DOWN % this week
  6. Columbia Care (CCHWF): DOWN 23.6% this week
  7. Acreage (ACRDF): DOWN 23.6% this week
  8. Curaleaf (CURLF): DOWN 25.3% this week
  9. Ayr (AYRWF): DOWN 26.1% this week
  10. Green Thumb (GTBIF): DOWN 26.8% this week
  11. Jushi (JUSHF): DOWN 27.5% this week
  12. Ascend (AAWH): DOWN 28.0% this week

In response to the question as to why the above stocks declined so drastically, it is because American cannabis companies are going to be left out of the National Defense Authorization Act; their anticipated inclusion was seen as a promising vehicle to get the SAFE Banking Act passed which, in turn, would have allowed them to work with the U.S. financial system.

The munKNEE American Cannabis MSO Stocks Index was DOWN a drastic 35.3% this week compared to "only" -24.5% for the munKNEE Canadian Cannabis LP Stocks Index. The MSO index is now DOWN 65.5% YTD compared to the LP index which is "only" DOWN 58.0% YTD.


More By This Author:

Metaverse Stocks Index Went Up 4% In November; Still Down 47% YTD
Major American Cannabis MSO Stocks Advanced 11% This Past Week: Still Down 47% YTD
Major Canadian Cannabis LP Stocks Advanced 15% This Week; Still Down 44% YTD

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