Asset sales, market growth might boost cannabis multistate operator finances

Publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of the year, but many have shed operations in potentially lucrative markets to bolster their balance sheets.

MSOs are benefiting from growing marijuana markets, strong sales during the coronavirus pandemic and some easing in the capital markets as investors become more willing to fund cannabis companies.

But, with cash cushions low and debt high for many, it’s too early to say most multistate operators are out of the woods.