The American Cannabis Multi-State Operators Index tracks the performance of the 13 largest pure-play vertically integrated companies. Below are the constituent performances last week, in descending order, and since the end of July.

Advanced:

• Acreage (ACRDF/HF): UP 0.6% last week; UP 5,5% since the end of July
  • has 28 retail stores (dispensaries) in 9 states

Declined By Less Than 5%

1. Goodness Growth (GDNSF): DOWN 0.7% last week; UP 8.1% since the end of July
   • has 85 retail stores (dispensaries) in 17 states
2. Planet 13 (PLNHF): DOWN 0.7% last week; DOWN 24.7% since the end of July 
   • has 5 retail stores (dispensaries) in 3 states
3. Verano (VRNOF): DOWN 0.8% last week; DOWN 9.0% since the end of July
   • has 138 retail stores (dispensaries) in 13 states
4. Green Thumb (GTBIF): DOWN 2.0% last week; UP 38.6% since the end of July
   • has 77 retail stores (dispensaries) in 15 states
5. TerrAscend (TRSSF): DOWN 2.7% last week; DOWN 24.1% since the end of July
   • has 23 retail stores (dispensaries) in 4 states
6. Columbia Care (CCHWF): DOWN 4.4% last week; UP 10.8% since the end of July
   • has 85 retail stores (dispensaries) in 17 states
7. Curaleaf (CURLF): DOWN 4.6% last week; UP 12.0% since the end of July
   • has 34 retail stores (dispensaries) in 34 states

Declined By 5% to 10%

1. Cresco (CRLBF): DOWN 5.0% last week; UP 11.9% since the end of July
   • has 51 retail stores (dispensaries) in 7 states
2. Ayr (AYRWF): DOWN 5.6% last week; DOWN 21.4% since the end of July
   • has 68 retail stores (dispensaries) in 6 states
3. Trulieve (TCNNF): DOWN 6.3% last week; UP 5.5% since the end of July
   • has 181 retail stores (dispensaries) in 8 states
4. Jushi (JUSHF): DOWN 7.3% last week; DOWN 10.7% since the end of July
   • has 34 retail stores (dispensaries) in 6 states

Declined By 10% or More

1. Ascend (AAWH): DOWN 20.9% last week; DOWN 24.0% since the end of July
   • has 24 retail stores (dispensaries) in 5 state

In total,

• the munKNEE American Cannabis Multi State Operators Index was DOWN 4.5% last week and is now only UP 6.2% since the end of July and is DOWN 53.2% YTD.
• That compares with the munKNEE Canadian Pure-Play Pot Stocks Index (see details here) which was UP 4.2% last week and is now UP 7.9% since the end of July although still DOWN 52.1% YTD.

For a financial assessment of each of the above MSOs, go here. For the latest in analysis and commentary on each of the companies, go 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 (see details here)  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 a non-Canadian 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 a non-Canadian 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

If you are more adventuresome 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.

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