Multi-State Operators (MSO) traded higher on Tuesday after Cantor Fitzgerald categorized four companies as "top picks." In a recent industry report, Pablo Zuanic analyzed the context of MSOs and offered insight on trends driving financial value. Although MSOs ETF fell 25% in June and 49% over the last three months (vs. a 7% drop for the S&P500), he still finds value in the current context.
The MSOs stock performance seems to be masking “encouraging medium and long-term sales trends,” with more states either legalizing cannabis (New Mexico and New Jersey), soon to start recreational sales (RI, CT/NY), or soon voting to legalize (MD, MO).
