From Benzinga's Cannabis Capital Conference: Verano President Darren Weiss Says We Are Part Of Global Supply Chain; Florida Market Alone Over Next Couple Years $3B; Over $100B Worldwide Over Next 6 Years
Portfolio Pulse from Benzinga Newsdesk
At Benzinga's Cannabis Capital Conference, Verano President Darren Weiss highlighted the company's role in the global cannabis supply chain, projecting the Florida market to reach $3B in the next couple of years and the worldwide market to exceed $100B over the next 6 years.
April 16, 2024 | 7:38 pm
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POSITIVE IMPACT
The projected growth in the cannabis market, especially in Florida and globally, could positively impact MSOS, an ETF focusing on U.S. cannabis companies.
MSOS, being an ETF that invests in U.S. cannabis companies, stands to benefit from the overall growth in the cannabis market as outlined by Verano's President. The specific mention of the Florida market, a significant part of the U.S. cannabis industry, further underscores the potential positive impact on MSOS.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
POSITIVE IMPACT
Verano's significant projections for the cannabis market underscore its potential for growth, positively impacting VRNOF's outlook.
As the company directly involved in the statement, Verano's optimistic projections for the cannabis market, both in Florida and globally, directly impact its business outlook. The significant figures mentioned ($3B for Florida and over $100B worldwide) suggest a strong growth trajectory for Verano, positively affecting VRNOF's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100