Here's Where To Buy And Consume Weed: New Cannabis Shops, Consumption Lounges And More
Portfolio Pulse from Jelena Martinovic
The cannabis industry is experiencing significant growth with new store openings and consumption lounges across the U.S. Florida's Supreme Court approved a recreational cannabis legalization initiative, leading to new dispensaries by Cansortium Inc. and Trulieve Cannabis Corp. Michigan, California, Nevada, New Jersey, New York, and Texas also saw new cannabis retail developments. Notably, Planet 13 Holdings Inc. opened Nevada's second state-approved consumption lounge. The Benzinga Cannabis Capital Conference in Florida highlights the industry's expansion and future prospects.
April 09, 2024 | 3:38 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Acreage Holdings, Inc. begins adult-use cannabis sales at its Vernon, Connecticut dispensary, transitioning to a hybrid dispensary model.
Acreage Holdings, Inc.'s initiation of adult-use cannabis sales at its Vernon, Connecticut dispensary, transitioning to a hybrid model, is likely to have a positive short-term impact on its stock price by broadening its customer base and increasing sales potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cansortium Inc. opens its 35th dispensary in Florida, expanding its footprint in anticipation of recreational cannabis legalization.
The opening of a new dispensary by Cansortium Inc. in Florida, coupled with the state's move towards recreational cannabis legalization, is likely to positively impact the company's stock price in the short term due to increased market presence and potential sales growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Planet 13 Holdings Inc. opens DAZED, the second state-approved cannabis consumption lounge in Nevada, located in its Las Vegas SuperStore.
The opening of DAZED by Planet 13 Holdings Inc., as the second state-approved cannabis consumption lounge in Nevada, is likely to positively influence the company's stock price in the short term by attracting more customers and setting a precedent in the consumption lounge market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Right on Brands, Inc. launches cannabis sales at its 12th licensed store in Terrell, Texas, amid the state's evolving medical cannabis market.
Right on Brands, Inc.'s launch of cannabis sales at its new store in Texas, within an evolving medical cannabis market, suggests a positive short-term impact on its stock price due to expansion and potential growth in a restrictive market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Trulieve Cannabis Corp. opens a new shop in Cocoa Beach, Florida, strengthening its position as a leading supporter of the state's cannabis legalization initiative.
Trulieve Cannabis Corp.'s expansion in Florida through new store openings, especially as a top supporter of the cannabis legalization initiative, suggests a positive short-term impact on its stock price due to potential market growth and increased consumer base.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Vext Science, Inc. acquires property for a cannabis dispensary in Athens, Ohio for $2.6 million, expanding its footprint in the state.
Vext Science, Inc.'s strategic acquisition of property for a new dispensary in Ohio indicates a positive short-term impact on its stock price due to expansion in a new market and potential increase in sales and customer base.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80