MSO (Multi-State Operator)

An MSO, or multi-state operator, is a cannabis company that operates licensed cultivation, processing, distribution or retail in more than one U.S. state, the dominant corporate structure in U.S. cannabis because federal illegality blocks interstate commerce.

A cannabis company that operates licensed cultivation, processing, distribution, or retail in more than one U.S. state. Curaleaf, Green Thumb, Trulieve, Verano, Cresco. The dominant corporate structure in U.S. cannabis — because federal illegality blocks interstate commerce, every state operation must be vertically integrated and separately licensed. 280E tax burden falls hardest on MSOs, and rescheduling would benefit them most.

Where it's used

Cannabis
Financial Services & Fintech

Related terms

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