Cannabis Sales Top $5B In Massachusetts Driven By Record-Breaking Monthly Purchases, No Signs Of Slowing
Portfolio Pulse from Maureen Meehan
Retail cannabis sales in Massachusetts have reached $5 billion, according to the state's Cannabis Control Commission (CCC). Despite competition from other East Coast states launching legal marijuana programs, Massachusetts continues to hit record sales. Senator Elizabeth Warren has called for cannabis laws to prevent corporations like Amazon (NASDAQ: AMZN) and Altria (NYSE: MO) from dominating the industry.
September 09, 2023 | 7:00 pm
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NEUTRAL IMPACT
Amazon is mentioned as a potential player in the cannabis industry. However, no specific plans or actions from Amazon are reported.
While Amazon is mentioned as a potential player in the cannabis industry, the news does not provide any specific information about Amazon's plans or actions in this sector. Therefore, the impact on Amazon's stock is neutral in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Altria is mentioned as a potential player in the cannabis industry. However, no specific plans or actions from Altria are reported.
While Altria is mentioned as a potential player in the cannabis industry, the news does not provide any specific information about Altria's plans or actions in this sector. Therefore, the impact on Altria's stock is neutral in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50