MSOS - $514M Tax Breaks Await This Marijuana Company With Rescheduling Market Cap Set To Soar | Benzinga
Jushi Holdings Inc. (OTC: JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania as well as continuous expansion in Virginia’s medical market.
According to Zuanic & Associates, financial projections show significant improvements, including positive cash flow and increased margins, while rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap.
"The potential for PA to legalize rec could be a significant catalyst for the stock. Jushi has the most valuation torque to PA flipping to rec among MSOs,” said senior analyst Pablo Zuanic.
Virginia Medical Market Growth
Jushi's medical cannabis sales in Virginia are projected to increase by 33% year-over-year in Q1 2024. The company anticipates continued growth driven by the positive response to its existing retail and wholesale operations. Despite the political uncertainty surrounding adult-use legalization in Virginia, Jushi's medical market performance remains strong.
Ohio And Pennsylvania Adult-Use Legalization
Ohio is expected to launch adult-use cannabis sales by July 2024, which could significantly enhance Jushi’s revenue. The company plans to open a second store in the state. "Ohio’s slated to begin rec sales as early as next month,” Zuanic stated, underscoring the imminent market expansion.
Pennsylvania could follow with adult-use legalization by mid-2025, providing substantial growth opportunity.
Jushi’s strategic moves, including additional store openings, are aimed at capturing the state market. Governor Josh Shapiro's inclusion ...