TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The American Cannabis Multi State Operators Index below tracks the performance of its 13 pure-play constituents for the month of July, in descending order, and YTD.

1. Planet 13 (PLNHF): UP 61.7% in July; DOWN 37.2% YTD
   • Recent Analysis/Commentary: Go here
2. Cresco (CRLBF): UP 35.6% in July; DOWN 48.6% YTD
   • Recent Analysis/Commentary: Go here
3. Columbia Care (CCHWF): UP 31.3% in July; DOWN 38.5% YTD
   • Recent Analysis/Commentary: Go here
4. Jushi (JUSHF): UP 31.0% in July; DOWN 42.8% YTD
   • Recent Analysis/Commentary: Go here
5. Ascend (AAWH): UP 29.2% in July; DOWN 62.3% YTD
   • Recent Analysis/Commentary: Go here
6. Trulieve (TCNNF): UP 11.3% in July; DOWN 50.7% YTD
   • Recent Analysis/Commentary: Go here
7. Curaleaf (CURLF): UP 10.0% in July; DOWN 38.9% YTD
   • Recent Analysis/Commentary: Go here
8. Green Thumb (GTBIF): UP 6.3% in July; DOWN 58.7% YTD
   • Recent Analysis/Commentary: Go here
9. Verano (VRNOF): UP 4.2% in July; DOWN 52.9% YTD
   • Recent Analysis/Commentary: Go here
10. Ayr (AYRWF): UP 3.8% in July; DOWN 66.1% YTD
    • Recent Analysis/Commentary: Go here
11. TerrAscend (TRSSF): UP 3.5% in July; DOWN 61.4% YTD
    • Recent Analysis/Commentary: Go here
12. Goodness Growth (GDNSF): No Change in July; UP 28.1% YTD
    • Recent Analysis/Commentary: Go here
13. Acreage (ACRDF/HF): DOWN 6.9% in July; DOWN 42.8% YTD
    • Recent Analysis/Commentary: Go here

In total,

• the munKNEE American Cannabis Multi State Operators Index was UP 9.8% in July but is still DOWN 53.3% YTD.
• That compares favorably with the munKNEE Canadian Pure-Play Pot Stocks Index (see details here) which was UP 8.0% in July and is still DOWN 55.6% YTD.

For a financial assessment of each of the above MSOs visit a recent article (see here) that provides such data.

As I mentioned in my recent article on marijuana ETFs (see here), if you are interested in investing in one of the ETFs that are heavily invested in American pure-play vertically integrated cannabis MSO companies then consider one of the following:

1. Purpose Marijuana Opportunities ETF (MJJ:NEO): 95% of its constituents are pure-play of which 100% are MSOs. The ETF is only listed on the Canadian NEO exchange and trades in Canadian dollars. If you are an American give your broker the ISIN  number CA74641T1066MJJ to help facilitate the purchase. 
2. Pure US Cannabis ETF (MSOS): 90% of its constituents are pure-play of which 100% are MSOs
3. Roundhill Cannabis ETF (WEED): 81% of its constituents are pure-play of which 80% are MSOs
4. Horizons US Marijuana Index ETF (HMUS:NEO): 78% of its constituents are pure-play of which 100% are MSOs. The ETF is only listed on the Canadian NEO exchange and trades in Canadian dollars. If you are an American give your broker the ISIN number CA44055B2066 to help facilitate the purchase.
5. Amplify Seymour Cannabis ETF (CNBS): 66% of its constituents are pure-play of which 78% are MSOs 

For the adventuresome among you consider investing in one of the following leveraged (inverse or bull) ETFs:

1. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
2. ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL)
3. Horizons 2x Bull Marijuana Companies ETF (HMJU)

An "inverse" ETF is the way to go if you think the cannabis sector is going to decline considerably in the months ahead while a 'bull" ETF is for those that think the sector is going to advance. Personally, I think the marijuana market has nowhere to go but up having declined 53.7% YTD - and having declined 83.7% from its peak in February 2021. That is not a recommendation so do your own research before taking a position.

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