JUSHF - Will cannabis multi-state operators perform better in 2022? Ask Congress

By looking only at stock returns, the major U.S. cannabis multi-state operators (MSOs) have had a terrible year, with all of them down well into the double digits. This, despite the fact most of them had tremendous revenue growth quarter over quarter and year over year. For example, in Q3 2021, Green Thumb Industries (OTCQX:GTBIF) saw its revenue increase 49% year over year. Expansion was also a popular theme as many MSOs opened up new locations, but that also added to expenses. M&A activity was strong in 2021. One of the biggest was Trulieve's (OTCQX:TCNNF) $2.1B acquisition of Harvest Health, which closed in October. The year started off promising with major MSOs having impressive stock returns in Q1. But it went downhill from there. Some of the decline might be attributed to uncertainty over key pieces of legislation that would legalize marijuana on the federal level and give MSOs access

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Will cannabis multi-state operators perform better in 2022? Ask Congress