Here's Where To Buy Legal Weed: New Cannabis Shop In Times Square And More Retail Updates From Six States, Beyond Borders
Portfolio Pulse from Jelena Martinovic
The New York Cannabis Control Board approved home cultivation rules, allowing adults to grow weed at home. New cannabis retail locations are opening in New York, Maryland, Florida, Ohio, Illinois, Virginia, and beyond US borders. Companies like TerrAscend, Verano Holdings, Klutch Cannabis, The Cannabist Company, Ascend Wellness, and High Tide are expanding their retail footprints.
June 21, 2024 | 7:32 pm
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POSITIVE IMPACT
Ascend Wellness Holdings, Inc. is relocating its cannabis dispensary in Montclair, New Jersey to Wharton, with grand opening festivities planned.
Relocating the dispensary to Wharton may attract more customers and improve sales, positively impacting Ascend Wellness' short-term performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Cannabist Company Holdings Inc. opened its newest dispensary in Richmond, Virginia, serving registered medical patients.
Opening a new dispensary in Virginia expands The Cannabist Company's reach, potentially increasing its customer base and revenues.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
High Tide Inc. will open its 173rd Canna Cabana retail cannabis location in Calgary, marking its 80th store in Alberta.
The opening of a new retail location in Calgary strengthens High Tide's market position in Alberta, likely boosting short-term revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TerrAscend Corp. announced the opening of The Apothecarium Nottingham, its fourth retail location in Maryland and 39th nationwide.
The opening of a new retail location in Maryland expands TerrAscend's footprint, likely boosting short-term revenues and market presence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verano Holdings Corp. will launch sales at MÜV Naranja and MÜV Port Richey, raising its retail footprint to 77 dispensaries in Florida and 142 nationwide.
The launch of new dispensaries in Florida will likely enhance Verano Holdings' market share and revenue potential in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80