$514M Tax Breaks Await This Marijuana Company With Rescheduling, Market Cap Set To Soar
Portfolio Pulse from Nicolás Jose Rodriguez
Jushi Holdings Inc. (OTC:JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. Despite a slight decline in Q1 2024 sales, the company shows positive cash flow and improved margins.
May 22, 2024 | 7:27 pm
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NEUTRAL IMPACT
Curaleaf (OTC:CURLF) is mentioned as a peer in the cannabis industry, with a higher EBITDA multiple compared to Jushi. The comparison highlights Jushi's lower valuation relative to its potential growth.
Curaleaf is mentioned for comparison purposes, indicating that Jushi's lower valuation relative to its peers could suggest potential growth. However, the direct impact on Curaleaf is minimal.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Green Thumb Industries (OTC:GTBIF) is mentioned as a peer in the cannabis industry, with a higher EBITDA multiple compared to Jushi. The comparison highlights Jushi's lower valuation relative to its potential growth.
Green Thumb is mentioned for comparison purposes, indicating that Jushi's lower valuation relative to its peers could suggest potential growth. However, the direct impact on Green Thumb is minimal.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
POSITIVE IMPACT
Jushi Holdings Inc. is expected to benefit significantly from potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap.
The potential legalization of adult-use cannabis in Ohio and Pennsylvania, along with the rescheduling of cannabis, could significantly boost Jushi's revenue and market cap. The company's strategic moves and financial improvements further support this positive outlook.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The MSOS ETF, which holds approximately 10% of Jushi's stock, could see a positive impact from Jushi's potential growth due to adult-use cannabis legalization and tax breaks from rescheduling.
As the MSOS ETF holds a significant portion of Jushi's stock, any positive developments for Jushi, such as potential legalization and tax breaks, could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50