Who Are New York's Cannabis Shoppers? Weedmaps Reveals Fresh Data Amid Legal Market Expansion
Portfolio Pulse from Patricio Liddle
Weedmaps (NASDAQ:MAPS) has released data on New York's cannabis market for Q1 2024, revealing consumer preferences and spending habits. Cannabis flower is the most popular product, with edibles also seeing high demand. The average order value in New York is significantly higher than the national average. Weedmaps is actively involved in community initiatives and supporting the legal market transition. New York has also approved home cannabis cultivation rules and issued 105 new adult-use licenses.
June 12, 2024 | 9:26 pm
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Weedmaps has released significant data on New York's cannabis market, showing high demand for cannabis flowers and edibles. The average order value in New York is notably higher than the national average. Weedmaps is also involved in community initiatives and supporting the legal market transition.
The release of detailed market data and active community involvement are positive indicators for Weedmaps. The higher average order value in New York suggests strong revenue potential. Additionally, Weedmaps' support for the legal market transition aligns with regulatory developments, potentially boosting investor confidence.
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