Smoke Much Weed, Ohio? $38.5M In First Two Weeks Of Adult-Use Sales, Including Medical Marijuana
Portfolio Pulse from Maureen Meehan
Ohio's marijuana market has seen a significant surge in sales since the legalization of recreational cannabis on August 6, 2023. In the first 12 days, sales reached $38.5 million, with a notable increase in daily sales averages. Multi-state operators like Verano Holdings, Trulieve Cannabis, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries are benefiting from this growth.
August 21, 2024 | 6:31 pm
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POSITIVE IMPACT
Acreage Holdings is seeing increased sales in Ohio's cannabis market, driven by the state's recent legalization of recreational marijuana.
Acreage Holdings, as a player in Ohio's cannabis market, is likely to benefit from the increased sales following the legalization of recreational marijuana, positively impacting their revenues.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Curaleaf Holdings is benefiting from Ohio's cannabis market expansion, with significant sales growth following legalization.
Curaleaf Holdings, as a multi-state operator in Ohio, is likely to experience positive revenue impacts from the state's booming cannabis sales following the legalization of recreational marijuana.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Green Thumb Industries is capitalizing on Ohio's cannabis sales surge, contributing to the state's $38.5M in sales.
Green Thumb Industries, as a cannabis retailer in Ohio, is likely to see positive impacts on their revenues due to the state's significant increase in cannabis sales following the legalization of recreational marijuana.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Trulieve Cannabis is capitalizing on Ohio's legal cannabis market, contributing to the state's $38.5M sales in the first 12 days.
Trulieve Cannabis, as a participant in Ohio's cannabis market, is likely to see increased revenues due to the state's recent legalization of recreational marijuana, which has led to a significant rise in sales.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Verano Holdings is experiencing increased sales in Ohio's booming marijuana market, benefiting from the state's recent legalization of recreational cannabis.
Verano Holdings, as a multi-state operator in Ohio, is directly benefiting from the surge in cannabis sales following the state's legalization of recreational marijuana. This is likely to positively impact their revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80