Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Moreover, several MSOs – including Cresco Labs, Green Thumb Industries and Trulieve – actually posted profits, expanding an elite club within an industry where many operators are bleeding red ink.
Prospects look promising as well, with many MSOs well-positioned to take advantage of new – and potentially future – adult-use markets in the Northeast, Mid-Atlantic and Southwest regions.
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