5 traits you need to operate a strong multi-state weed business: analyst

“In terms of where we see success coming from these MSOs, I think there’s pretty much five categories to what we look for,” said Penney, whose coverage area includes U.S. companies MedMen, iAnthus Capital Holdings, Planet 13 and KushCo. “Number one is financial discipline, in terms of allocating capital smartly, especially today in terms of, it is a heavy M&A environment, so buying at the right price, not paying a high multiple for M&A.”