Managing Marijuana

Avatar photo Doug Kass on June 29, 2026

I have once again (as I did several months ago) moved my entire position in $MSOS into individual cannabis equities — preferring to identify those specific companies that will most likely benefit from a rescheduling of medical marijuana and adult recreational use.

This allows me to weight those companies as I see appropriate and not be subject to the decision of the MSOS manager — who has a portfolio that includes not only companies that may not survive but also some larger companies that I believe to be disadvantaged in the future.

Position: Long CURLD (S), TRVL (S), GTBIF (S), TSCNDF (S), VRNOD (M), GLASF (S)

Things I Did Today

Avatar photo Doug Kass on June 24, 2026

Here are today’s things: 

* Added aggressively (again) to cannabis: $VRNOD at $5.35, $GLASF at $11.80, $GTBIF at $7.12, $TRLV at $8.06 and $MSOS at $4.43.

* Shorted more $JOET at $45.33.

* Repurchased consumer staples: $KMB at $105.15, $KO at $81.01, $PG at $151.37 and $PEP at $142.01. 

Position: Long MSOS (L), GLASF (S), GTBIF (S), TRLV (S), KMB (S), KO (S), PG (S), PEP (S), VRNOD (S/M); Short JOET (S)

Things I Did Today

Avatar photo Doug Kass on June 23, 2026

Here are today’s things:

* Covered 1/2 of my $SPCX short at $153.85.

* Covered brokerage shorts in $MS at $222.51 and $GS at $1,080.90.

* Covered tech shorts: $DRAM at $70.26, $SNDK at $2,051 and $MU at $1,099. 

* Covered $IWM short at $293.33.

* Added to cannabis longs: $MSOS at $4.50, $GTBIF at $7.28, $TRLV at $8.55 and $VRNOD at $5.29.

Position: Long MSOS (L), GTBIF (S), TRLV (S), VRNOD (S); Short SPCX (VS) 

Things I Did Today

Avatar photo Doug Kass on June 22, 2026

Here are today’s things:

* Shorted $SPY at $749.07 and $QQQ at $743.67 — covered SPY at $744.80 and QQQ at $737.99.

* Added to $JOET short at $45.64 and $GRNY short at $27.63. 

* Shorted a package of high-beta tech.

* Shorted more $MS at $227.32.

* Shorted more $IWM at $297.07.

* Added to longs $MSOS at $4.76, $MSOX at $3.00, $GTBIF at $7.55, $VRNOD at $5.55, $CURLD at $9.73 and $TRLV at $9.40.

Position: Long MSOS (L), MSOX (VS), GTBIF (S), VRNOD (S), CURLD (VS), TRLV (S); Short high-beta tech package, JOET (S), GRNY (M), MS (M), IWM (S) 

Things I Did Today

Avatar photo Doug Kass on June 18, 2026

Here are today’s things:

* Re-shorted $SPY at $746.68 and $QQQ at $736.53.

* Re-shorted $GRNY at $27.49 and JOET at $45.57.

* Added to cannabis longs: $MSOS ($4.69), $MSOX (new position) and GTBIF ($7.49). 

* Shorted more $MS at $228.47.

Position: Long GTBIF (S), MSOS (VL), MSOX (VS); Short SPY (S), QQQ (S), GRNY (VS), JOET (VS), MS.

Cannabis Adds

Avatar photo Doug Kass on June 16, 2026

I added to $MSOS, $VRNOD, $GTBIF, $CURLD and $TRLV longs this afternoon. 

Position: Long MSOS (L), VRNOD (S), GTBIF (VS), CURLD (VS), TRLV (VS)