20% Price Surge: Ohio Adult-Use Cannabis Consumers Could Initially Pay More Due To High Demand, Limited Supply
Portfolio Pulse from Patricio Liddle
Ohio's upcoming adult-use cannabis market launch is expected to cause initial price surges due to high demand and limited supply. Industry leaders from Verano Holdings and Curaleaf Holdings predict price hikes, with wholesale demand already increasing. The market could reach $2.8 billion in annual sales by 2030.
June 14, 2024 | 8:29 pm
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Curaleaf Holdings predicts that Ohio's cannabis prices will depend on supply and demand dynamics. The company is preparing for the market launch, which could lead to increased revenues.
Curaleaf Holdings is preparing for Ohio's adult-use cannabis market launch. The expected price increases and high demand could positively impact their short-term revenues.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Verano Holdings, operating five dispensaries in Ohio, anticipates price increases with the launch of the adult-use cannabis market. The company is preparing for high demand and limited supply.
Verano Holdings is directly involved in Ohio's cannabis market with five dispensaries. The anticipated price hikes and high demand are likely to positively impact their revenues in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80