Coronavirus Spike Creates Risk For Cannabis MSOs

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Summary

However, Cantor Fitzgerald analyst Pablo Zuanic says the spike in coronavirus cases has created significant near-term risk for multi-state operators (MSOs). RELATED: 3 Reasons Marijuana Stocks Are Soaring Coronavirus-related dispensary shutdowns, such as the ones Massachusetts imposed back in April, could be devastating to local cannabis businesses. The good news for MSO investors is that most other states with legalized cannabis have coronavirus positive test ratios at or below the national average. Positive coronavirus test ratios are three times higher than the national average in Colorado, Pennsylvania and Nevada. Large-scale dispensary shutdowns could completely derail that near-term momentum, so MSO investors should continue to monitor the situation closely.

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Large-scale dispensary shutdowns could completely derail the Biden-elect momentum from November, so MSO investors should continue to monitor the situation closely.

By Wayne Duggan

Cannabis stocks have made a big run since the U.S. election in November. However, Cantor Fitzgerald analyst Pablo Zuanic says the spike in coronavirus cases has created significant near-term risk for multi-state operators (MSOs).

Shutdowns Imminent? The vaccine...

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