Maryland Breaks Another Cannabis Retail Sales Record: $92M In August Alone
Portfolio Pulse from Maureen Meehan
In August, Maryland's collective adult-use and medical cannabis purchases reached $91.7 million, surpassing the previous month's total of $87.4 million. This increase in sales is attributed to the state's decision to legalize adult-use cannabis and implement a hybrid licensing structure. Four prominent medical marijuana companies, Curaleaf Holdings, Green Thumb Industries, Acreage Holdings, and PharmaCann, have urged New York Gov. Hochul to adopt a similar licensing structure.
September 06, 2023 | 11:41 pm
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POSITIVE IMPACT
Acreage Holdings, a medical marijuana company, is urging New York to adopt a hybrid licensing structure similar to Maryland's. This could potentially increase the company's market and revenues.
If New York adopts the proposed hybrid licensing structure, Acreage Holdings could potentially expand its market and increase its revenues. This could positively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Curaleaf Holdings, a medical marijuana company, is urging New York to adopt a hybrid licensing structure similar to Maryland's. This could potentially increase the company's market and revenues.
If New York adopts the proposed hybrid licensing structure, Curaleaf Holdings could potentially expand its market and increase its revenues. This could positively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Green Thumb Industries, a medical marijuana company, is advocating for New York to implement a hybrid licensing structure similar to Maryland's. This could potentially expand the company's market and increase its revenues.
If New York adopts the proposed hybrid licensing structure, Green Thumb Industries could potentially expand its market and increase its revenues. This could positively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75