Illinois released both adult-use and medical cannabis data for October, with sales of $160 million, up 0.8% sequentially and 3.1% from a year ago. BDSA data for September suggested that sales remained weak in most markets.
I distributed this written material to 420 Investor subscribers during the week:
Here are some of this week's highlights for Focus List names:
Please check the Focus List, (which has technical, fundamental and valuation ratings as well as a market-cap table). To help track market caps, we maintain tables for the Canadian LPs and the American cannabis operators and ancillary companies.
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The Global Cannabis Stock Index remained above its all-time closing low of 11.26 from 9/30. It rose to 12.72 this Friday, lifting 1.4% during the week. This was much better than the 3.2% loss in the S&P 500, which is down 2.5% November. The cannabis index has dropped 3.5% this month-to-date, slightly more than the decline in the S&P 500, and it has rallied 13.0% thus far in Q4. This is more than double the 5.4% return in the S&P 500.