Ohio Cannabis Market Hits $11.5M In First Week Of Adult-Use Sales
Portfolio Pulse from Franca Quarneti
Ohio's adult-use cannabis market generated $11.5 million in its first week, with major players like Ascend Wellness Holdings Inc (OTC:AAWH) and Verano Holdings Corp. (OTC:VRNOF) reporting significant sales increases. The state is projected to reach nearly $1.3 billion in annual revenue from combined medical and adult-use sales.
August 16, 2024 | 12:09 am
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Ascend Wellness Holdings Inc (OTC:AAWH) reported strong sales in Ohio's new adult-use cannabis market, with significant customer enthusiasm and increased sales across multiple locations.
Ascend Wellness Holdings Inc has reported strong sales and customer enthusiasm in Ohio's new adult-use cannabis market, which is likely to positively impact its short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verano Holdings Corp. (OTC:VRNOF) launched adult-use sales in Ohio, reporting a two to three times increase in foot traffic and transactions across its Zen Leaf dispensaries.
Verano Holdings Corp. has seen a significant increase in customer traffic and transactions with the launch of adult-use sales in Ohio, which is likely to positively impact its short-term stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70