Founder & Chief Economist At Whitney Economics, Beau Whitney [On Upcoming Report] Says We Call Out Risks And We Look At States Which Are Supersaturated; We Forecast 2024 Total Retail Sales ~$34B In Next Four, Five And Six Years; Growth Is Coming From New And Emerging Markets; Mature Markets Tapped Out
Portfolio Pulse from Benzinga Newsdesk
Beau Whitney, Founder & Chief Economist at Whitney Economics, discusses an upcoming report forecasting 2024 total retail sales in the cannabis industry to be around $34 billion. Growth is expected from new and emerging markets, while mature markets are considered saturated.
October 08, 2024 | 2:03 pm
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The forecast by Whitney Economics suggests that the cannabis market, which MSOS is part of, will see growth from new and emerging markets, while mature markets are saturated. This could impact MSOS's strategy and performance.
The report indicates that growth in the cannabis market will come from new and emerging markets, which could benefit MSOS if they focus on these areas. The saturation of mature markets suggests limited growth there, impacting MSOS's strategy.
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