American Cannabis MSOs Riding Wave Of Rumors and Wishful Thinking: Up 20% in April

Introduction

Reps. Dina Titus (D-NV) and Ilhan Omar (D-MN), co-chairs of the Congressional Cannabis Caucus, unveiled the “Evidence-Based Drug Policy Act” last week which contributed to a 20% jump in the American Cannabis MSOs Portfolio (see details below) in April.

The Purpose of the Proposed Act

The proposed act would repeal a long-standing federal gag order preventing the Office of National Drug Control Policy (ONDCP) from even whispering support for legalizing Schedule I drugs like cannabis. Yes, under current law, the drug czar is legally obligated to oppose marijuana legalization—even if science or common sense says otherwise.

If passed, the bill would allow the drug czar, Sara Carter, who has cautiously praised medical marijuana to support reform initiatives based on evidence, not ideology, and is backed by a broad chorus of cannabis advocates who agree it’s high time ONDCP was able to use actual data to do its job, i.e. allow the drug czar to establish cannabis policy based on the facts, not fear.

The American Cannabis MSOs Portfolio

Below is how the constituents of the American Cannabis MSOs Portfolio performed in April, in descending order:

1. Verano Holdings (VRNOF): UP 38,5% in April;
2. Trulieve Cannabis (TCNNF): UP 27.6% in April;
3. Cresco Labs (CRLBF): UP 25,6% in April;
4. Green Thumb Industries (GTBIF): UP 16.8% in April;
5. Curaleaf Holdings (CURLF): UP 8.0% in April;
6. TerrAscend Corporation (TSNDF): DOWN 10.2% in April

In Summary:

As mentioned in the introduction, the Portfolio went UP 20.1% in April.

Please note: For

• a chart of the portfolio’s performance at any time during the Day go HERE (see “Today’s Gain” in top left-hand corner) for the Canadian LP Cannabis Stocks Portfolio pricing and, go HERE for the American Cannabis MSO Stocks Portfolio pricing.
• a chart of the historical Portfolio YTD, 1M, 6M and 1Y Performances, go HERE, Add Specific Portfolio Symbols, Scroll Down to Portfolio Performance Settings & Click on Calculate Performance, Scroll Down to Portfolio Performance Chart & Specify Time Period and Scroll Down to Returns by Period.
• a specific stock price performance (currently, yesterday, over the past 5 days, 1 month, 6 months and 1 year) go HERE, type in the Stock Symbol, and Click on Time Period
• a specific stock’s performance statistics and financials go HERE, type in Stock Symbol, and Click on Statistics and Financials
• the reasons behind the price change in a specific stock go HERE and ask “Why did x stock change price so much this week?”
• the latest articles and analyses go HERE, type in Stock Symbol, and Scroll down to Recent News

The Canadian cannabis LP company Canopy Growth has structured its U.S. operations through Canopy USA with its success in the U.S. depending heavily on federal cannabis reform and, as such, it responded in like fashion to the American MSOs as highlighted above, going UP 39.4% in April.