Report: US-based multistate marijuana operators poised to deploy big money in 2019

U.S.-based cannabis multistate operators (MSOs) – both public and private – have hit the ground running in 2019 as they race to gain market share and establish a dominant brand.

In 2018, a record number of U.S. cannabis firms turned to the Canadian Securities Exchange to fund their aggressive expansion plans, many of which are under way now, according to data from Viridian Capital Advisors that’s included in the latest issue of MJBizDaily Investor Intelligence, released today.

MSOs accounted for the top five raises on the CSE – totaling $1.52 billion.

That trend is expected to continue in 2019, as MSOs are poised to deploy hundreds of millions of dollars as they hustle to open new operations and dispensaries in key states, including:

  • Florida, where the state’s massive medical marijuana program is poised to continue to grow.
  • New York, where leaders are pushing forward on plans to legalize recreational marijuana.
  • California, Massachusetts and Michigan, where newly launched recreational markets are opening up a host of attractive investment opportunities.

Learn more about the investment outlook for cannabis in our quarterly report, available now as part of our Investor Intelligence subscription.

Join us Thursday, Feb. 21, at 1 p.m. ET/10 a.m. PT for an exclusive webcast with MJBizDaily Investor Intelligence’s data partner, Viridian Capital Advisors.

Scott Greiper, president of Viridian and a pioneer in cannabis investing, will share his views on what to expect in 2019 and how recent moves are already having an impact on market developments in the coming year.

Register for this exclusive event here.

Have questions for Greiper? Email them to Investor Intelligence Editor Lisa Bernard-Kuhn at [email protected].

One comment on “Report: US-based multistate marijuana operators poised to deploy big money in 2019

Leave a Reply

Your email address will not be published. Required fields are marked *