Why MSO Uplistings Could Be The Next Major Cannabis Stock Catalyst

Optimism surrounding timely U.S. federal cannabis by Democrats in Washington has faded throughout 2021, and so too have early-year gains among many popular cannabis stocks. In fact, the ETFMG Alternative Harvest ETF (NYSE: MJ), which was once up more than 120% year-to-date, recently crossed over to a negative return for the year.

Despite the recent weakness, Cantor Fitzgerald cannabis analyst Pablo Zuanic said Wednesday that he still likes the setup for U.S. multi-state cannabis operators ahead of potential stock uplistings to major U.S. exchanges.

Related Link: Why This MindMed Analyst Is Bullish: 'One Of The Most Diverse Pipelines In Psychedelics'

Potential Reform Compromise? Earlier this month, Senator and Senator Cory Booker sent a letter to the urging it to decriminalize cannabis. The letter contained a deadline for action …

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