Illinois released its medical cannabis sales for November. The state saw total cannabis sales fall 0.8% from October but rise 4.2% from a year ago to $158.7 million. Michigan released its November cannabis sales, with the total gaining 33.2% from a year ago while falling 2.9% from October, with one more day, to $203.4 million.
I distributed this written material to 420 Investor subscribers during the week:
I published an article on Planet 13 Holdings at Seeking Alpha:
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 posted a new all-time closing low of 10.81 on Thursday and a new intraday low of 10.78 on Friday. It was slammed lower this week to 11.02, ending down 9.5% for the week. This was a lot worse than the 2.1% loss in the S&P 500, which is down 5.6% in December. The cannabis index has dropped 19.4% in December, and it has declined 2.1% thus far in Q4. This is worse than the +7.4% return in the S&P 500.