How Inflation Affects Cannabis Earnings - Money and Markets | Florida Dispensaries

How Inflation Affects Cannabis Earnings – Money and Markets

Money & Market’s Cannabis Index

We can look at where cannabis stocks are now by zeroing in on the Money & Markets Cannabis Index.

The Money & Markets Cannabis Index is an equal-weighted index that covers 152 cannabis companies listed on all U.S. exchanges. These companies each have a market cap of more than $10 million.

The index is down almost 40% this year, but there was a recent uptick after the U.S. Senate announced a bill that would legalize cannabis at the federal level.

Hopes aren’t high that the bill will pass.

But investors hope that something related to cannabis legalization or a lift on banking restrictions will happen soon.

I don’t know that the prospects are good on either front.

Cannabis Quarterly Earnings

Let’s see if cannabis earnings can move the needle at all.

Some companies have already released their quarterly earnings.

Tilray, Inc. (Nasdaq: TLRY) and Turning Point Brands Inc (NYSE: TPB) were the biggest names to report earnings at the end of July. Both reported a slight uptick in sales compared to the previous quarter.

Tilray‘s quarter was flat, but it still reported 8% growth from the same quarter a year

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