Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies
Portfolio Pulse from Jelena Martinovic
Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.
July 22, 2024 | 1:26 pm
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POSITIVE IMPACT
Ascend Wellness Holdings is performing well in Michigan's thriving cannabis market, leading various segments including the flower category.
Ascend Wellness Holdings is highlighted as a top performer in Michigan's cannabis market, which is experiencing significant growth. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AYR Wellness Inc. is one of the major players in Massachusetts' cannabis market, which reported strong sales figures.
AYR Wellness Inc.'s presence in Massachusetts' cannabis market, which reported strong sales figures, is likely to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The Cannabist Company Holdings is a significant player in Massachusetts' cannabis market, contributing to the state's strong sales figures.
The Cannabist Company Holdings' significant presence in Massachusetts' cannabis market is likely to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Cresco Labs Inc. is a significant player in Massachusetts' cannabis market, contributing to the state's strong sales figures.
Cresco Labs Inc.'s significant presence in Massachusetts' cannabis market is likely to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Curaleaf International is a major player in Massachusetts' cannabis market, which reported strong sales figures.
Curaleaf International's presence in Massachusetts' cannabis market, which reported strong sales figures, is likely to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Grown Rogue International is noted for its strong performance in Michigan's cannabis market, contributing to the state's high sales figures.
Grown Rogue International's strong performance in Michigan's thriving cannabis market is likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Green Thumb Industries Inc. is a major player in Massachusetts' cannabis market, which reported strong sales figures.
Green Thumb Industries Inc.'s presence in Massachusetts' cannabis market, which reported strong sales figures, is likely to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Red White & Bloom Brands is highlighted for its performance in Michigan's cannabis market, contributing to the state's high sales figures.
Red White & Bloom Brands' strong performance in Michigan's cannabis market is likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TerrAscend Corp. is recognized for its notable performance in Michigan's cannabis market, contributing to the state's record sales.
TerrAscend Corp.'s notable performance in Michigan's cannabis market is likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70