Cannabis stocks have been on fire since Kamala Harris said Democratic presidential candidate Joe Biden’s administration would “decriminalize marijuana” and “expunge the records of those who have been convicted” during last week’s VP debate.
Between the election and third-quarter earnings season, the month of November is lining up to be the biggest month for US multi-state operators (MSOs) in recent memory.
State-By-State Analysis: On Monday, Cantor Fitzgerald analyst Pablo Zuanic took a deep dive into recent state-by-state cannabis sales data to predict which MSOs will be big winners during Q3 earnings season, which kicks off in early November.
Zuanic is tracking three prevalent US cannabis trends in recent months:
- Illinois cannabis sales growth accelerated in the third quarter, up 50% sequentially compared to 20% sequential growth in the second quarter
- Easing of pandemic-related restrictions triggered strong recoveries in the Nevada and Massachusetts…