Multi-State Operators (MSOs) in the United States are primed for the next big stock amp-up, which could see at minimum a 50 percent move starting as early as late August even without federal legislative movement. As volumes start to pick up this July, US stocks don’t need a special event to bounce off this latest correction.
Cannabis is rapidly closing the revenue gap outpacing such landmark institutions as the National Football League — and there is still an estimated $66 billion U.S. legacy market still to replace. Even more compelling is the emergence of profitability that is coming after the massive infrastructure spending that started in 2018 and 2019.
While summers have always presented lower volumes of movement for small caps, the trading indexes are showing favorable valuations through the end of the season, despite the to-be-expected typical federal legislative gridlock on the horizon.
Even without federal rule enactment of legislation like the SAFE Banking Act, U.S. cannabis revenues increased astronomically from $1.9 billion in 2014 to $17.5 billion in 2020, beating expectations yet again.
