Cannabis stocks have actually made a huge run given that the U.S. election in November. Nevertheless, Cantor Fitzgerald expert Pablo Zuanic states the spike in coronavirus cases has actually produced considerable near-term danger for multi-state operators (MSOs).
Shutdowns Imminent? The vaccine rollouts that started today are excellent news for MSOs in the longer term, however the majority of Americans will not get immunized till a minimum of spring or summertime of 2021. In the meantime, dispensaries might be at danger for state shutdowns, Zuanic states.
” At this phase, we would be worried about brand-new limitations in NV and MA, and even PA and CO (less so in AZ and FL provided Republican guvs),” he composed in a note.
Favorable coronavirus test ratios are 3 times greater than the nationwide average in Colorado, Pennsylvania and Nevada. He stated patterns are especially bothering in Pennsylvania, where favorable test ratios have actually surged from 5% on Sept. 1 to 34% in mid-December.