Total compensation for CEOs of cannabis multistate operators fell in 2022 versus 2021, as tumbling marijuana stock prices last year drove down the equity-based pay component top executives received.
By contrast, salaries for chief executives at the largest MSOs were consistent from 2022 to 2021, according to the companies’ filings with federal regulators.
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The continued fall in cannabis stocks last year – they’ve been sliding since early 2021 – helped to prevent any marijuana CEOs from receiving total compensation of more than $10 million in 2022.
By contrast, two marijuana MSOs reported that total compensation for their CEOs exceeded $10 million in 2021, with a third coming very close to that level.
The AdvisorShares Pure US Cannabis ETF – which tracks major U.S. marijuana stocks – is currently trading as MSOS on the New York Stock Exchange Arca at roughly $5 a share, down from around
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