Cannabis Stock Performance Since The Schumer/Booker Proposal

The graph shows how three different subsectors of the cannabis market have performed since the July 14, unveiling of the Schumer/Booker cannabis proposal. 

We created three groups of cannabis stocks:

    • Tier 1 MSOs: AYR, Columbia, Cresco, Curaleaf, Green Thumb, Jushi, Planet 13, TerrAscend, and Trulieve.

    • Tier 2 MSO/SSOs: 4Front, Body & Mind, C21, Cansortium, Goodness Growth, Harborside, Lowell Farms, MariMed, Medicine Man, Stem, and the Parent Company.

    • Large Canadian LPs: Aurora, Canopy, Cronos, OrganiGram, Sundial, Tilray, and Village Farms.

  • For each group we averaged the stock prices on each date and indexed them to a starting point of 7/14/21.

  • The results make logical sense but are somewhat counterintuitive. The best performing group over most of the period (down 14.1%) were the large Canadian LPs. This group would be the biggest gainer from a full federal scenario, which we believe is unlikely to occur over the next one to two years. In …

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