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Updated July 10, 2022 2:34 pm ET / Original July 10, 2022 2:33 pm ET
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The AdvisorShares Pure US Cannabis ETF is down 25% in the past month, while the S&P 500 dropped 7%. Courtesy of Trulieve
However bad the year has been for most stocks, it’s been real harsh for the state-licensed cannabis sellers.
In just the past month, the AdvisorShares Pure US Cannabis ETF (ticker: MSOS) that tracks America’s multistate operators—or MSOs — fell 25%, while the S&P 500 dropped 7%.