New York's $83M In Legal Weed Sales, More Shops & Licenses: Is The Rollout Stabilizing?
Portfolio Pulse from Maureen Meehan
New York's legal weed shops have generated $83 million in sales year-to-date, despite licensing issues and a thriving illicit market. The state plans to open five more retail shops and is expanding the market by opening a 60-day application window for over 1,000 new licenses. The Office of Cannabis Management (OCM) has also filed emergency regulations to expand its enforcement abilities against unlicensed cannabis retailers. Medical marijuana operators in New York, including Cannabist Company Holdings Inc, Curaleaf Holdings, MedMen Enterprises, Acreage Holdings, Green Thumb Industries, and PharmaCann, are ready to begin retail recreational sales at their existing dispensaries as early as Dec. 29.
October 18, 2023 | 2:03 am
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POSITIVE IMPACT
Acreage Holdings, a medical marijuana operator in New York, is ready to begin retail recreational sales at its existing dispensaries as early as Dec. 29.
The company's readiness to begin retail recreational sales could potentially increase its revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cannabist Company Holdings Inc, a medical marijuana operator in New York, is ready to begin retail recreational sales at its existing dispensaries as early as Dec. 29.
The company's readiness to begin retail recreational sales could potentially increase its revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Curaleaf Holdings, a medical marijuana operator in New York, is ready to begin retail recreational sales at its existing dispensaries as early as Dec. 29.
The company's readiness to begin retail recreational sales could potentially increase its revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Green Thumb Industries, a medical marijuana operator in New York, is ready to begin retail recreational sales at its existing dispensaries as early as Dec. 29.
The company's readiness to begin retail recreational sales could potentially increase its revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MedMen Enterprises, a medical marijuana operator in New York, is ready to begin retail recreational sales at its existing dispensaries as early as Dec. 29.
The company's readiness to begin retail recreational sales could potentially increase its revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80