The 7 largest American multi-state operator cannabis companies in the U.S., as tracked in our munKNEE   American Cannabis MSOs Index, are ranked below, in descending order, as to their stock performances MTD and YTD.

1. Cresco Labs (CRLBF): UP 25.3% MTD; UP 7.4% YTD
   • The company previously announced that they would not be able to complete the divestitures necessary to secure all necessary regulatory approvals to close the pending transaction with Columbia Care by the outside date of June 30, 2023, but report that they are working amicably with respect to the next steps in relation to the transaction and will provide further updates in the near future.
2. Curaleaf (CURLF): UP  22.6% MTD; DOWN 2.8% YTD
   • The company is rumored to be among those in discussions to buy Cronos Group (CRON), which is 45% owned by Altria Group (MO). Interestingly, Curaleaf is an American company that trades on the Canadian exchange (CSE:CURA), while Cronos is a Canadian company that trades on the Nasdaq.
   • CURLF has announced a national rebranding of its Select cannabis lifestyle brand across 15 U.S. states and the launch of Select's all-in-one, two-gram proprietary vape technology, Select Briq, as well as the expansion of its Select X Bites edibles portfolio with the launch of Live Rosin X Bites and High Dose X Bites.
3. Trulieve (TCNNF): UP 22.3% MTD; DOWN 36.2% YTD
   • announced the opening of its fourth medical cannabis dispensary in the state of Georgia and its first medical marijuana dispensary in Columbus, Ohio
4. Verano (VRNOF): UP 7.5% MTD; UP 2.9% YTD
   • announces the opening of Zen Leaf Norwich, the Company’s first social equity joint venture location in Connecticut, third cannabis dispensary statewide, and 132nd location nationwide on Friday, July 14, and announced the opening of MÜV Fort Piece on Friday, July 7, the Company’s 70^th Florida dispensary.
5. Columbia Care (CCHWF): UP 4.5% MTD; DOWN 38.7% YTD
   • See Cresco comment above
6. Green Thumb (GTBIF): UP 4.1% MTD; DOWN 5.9% YTD
   • announced the launch of its “Thanks, Dick” campaign, which will roll out across RISE Dispensaries in select markets on July 14^th, to ironically “celebrate” Richard Nixon’s signing of the Controlled Substances Act in 1970 which recognizes the destructive consequences of the Controlled Substances Act, which effectively initiated the War on Drugs and decades of harm on communities of color.
7. TerrAscend (TSNDF): DOWN 5.5% MTD; UP 55.5% YTD
   • Its common shares previously trading on the OTC Market under the ticker symbol “TRSSF” began trading on the OTC Market under the ticker symbol “TSNDF” on July 6, 2023, to align with the Company's recent Toronto Stock Exchange listing under the ticker symbol “TSND”.
   • The company announced the closing of its acquisition of Herbiculture Inc., a medical dispensary in Maryland reaching the four dispensary cap in the state.

If you are interested in any of the above stocks click on the stock symbol for detailed information from TalkMarkets and read past articles on MSOs (see here).

Summary

The munKNEE American Cannabis MSOs Index is UP 11.3% MTD but is still DOWN 10.6% YTD. In comparison, the 5 constituents in the munKNEE Canadian Cannabis LPs Index are UP 16.8%, on average, MTD but are now still DOWN 38.7% YTD.

If you are interested in buying a basket of American cannabis multi-state operator stocks, consider the  AdvisorShares Pure U.S. Cannabis ETF (MSOS) that consists of the above 7 highlighted stocks plus an additional 41 smaller cap such stocks. It is UP 11.4% MTD but is still DOWN 11.7% YTD.

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