Laurie Holcomb Says Revneues Down At The Retail Stores By 6%-7% Is Because Of Hemp; D8 D9 And Shops Being Sold In Smoke Shops; Wants To See Hemp Product Go Through Regulated Stores And Tape
Portfolio Pulse from Benzinga Newsdesk
Laurie Holcomb attributes a 6%-7% decrease in retail store revenues to the sale of hemp products, including D8 and D9, in smoke shops. Holcomb advocates for the sale of hemp products through regulated stores and channels.
April 16, 2024 | 7:52 pm
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NEUTRAL IMPACT
GRAM, involved in the cannabis industry, may face short-term revenue impacts due to the call for more regulated sales channels for hemp products.
As GRAM operates within the cannabis sector, the push for hemp products to be sold through regulated stores could affect its market strategy and potentially its revenue, depending on its current sales channels.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
MSOS, a cannabis ETF, might see a short-term impact due to the shift towards regulated sales channels for hemp products, as suggested by Laurie Holcomb.
MSOS, being an ETF that tracks the cannabis market, could experience fluctuations based on regulatory changes and market perceptions towards hemp sales. The call for regulation might influence investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50