cannabis sales

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic, senior analyst at Zuanic & Associates has initiated coverage of Vext Science (OTC: VEXTF) with an Overweight rating, highlighting the company's significant growth potential. Zuanic calculates that Vext has the...

U.S. cannabis retail sales hit an all-time high in June, with an annual run rate of around $32 billion. According to LeafLink’s Summer 2024 market report, the surge reflects a 10% year-over-year increase driven by strategic market expansions and favorable policy changes. Key Drivers Behind...

Over the first six months of 2024, cannabis dispensaries that legally sell marijuana to New Yorkers have sold $260.6 million worth of product, equaling approximately $43.4 million per month. The upward trajectory revealed in the data released by the Office of Cannabis Management (OCM) could result...

Illinois’ retail cannabis market reached a major milestone earlier than anticipated, with sales surpassing $1 billion by July, as announced by Governor JB Pritzker‘s office. This early achievement includes over $850 million in adult-use cannabis sales and nearly $150 million in medical...

New York cannabis regulators have amended the state's marketing rules – a stumbling block of which cannabis retailers have complained previously. What Happened The state Office of Cannabis Management has adopted regulations for personal home cultivation of cannabis, allowing for the rules to go...

Jane, a leading digital provider in the cannabis industry, reported substantial growth in cannabis sales on July 4. Total recreational-only sales surged by 32%, from $3.5 million in 2023 to $4.7 million in 2024. Notably, stores operational on both July 4, 2023, and July 4, 2024, saw a 21% increase...

First Social Equity Weed Store In The Country Is No Longer Selling Cannabis Blunts + Moore, the first social equity cannabis store nationwide was closed this past March. Alphonso "Tucky" Blunt Jr., who grew up in Oakland during the War on Drugs era, was the first person to open a dispensary under...

Data released by the Massachusetts Cannabis Control Commission (CCC) showed that legal cannabis sales dipped slightly in June, marking a 2% month-over-month decrease from $155 million in May to $152 million. Despite this slight contraction, the daily sales figures actually increased by 2%,...

Trulieve Expands Amidst Battle To Legalize Weed As support to legalize recreational cannabis is growing in Florida, medical cannabis giant Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) continues to ramp up its retail footprint. On Monday, July 1, the company opened two new shops selling...

A recent report by senior analyst Pablo Zuanic helps investors understand how market dynamics affect the financial performance of cannabis companies, and how to interpret their earning reports to make informed investment decisions. The report provides an in-depth analysis of Decibel...

Illinois’ adult-use cannabis sales for May showed a modest 1.2% increase from April, reaching $146.2 million. Compared to last year, the figures from the Illinois Department of Financial and Professional Regulation (IDFPR) for May showed an increase of 10.1%. Source: IDFPR Illinois Adult-Use...

Standard pre-roll sales accounted for $10.91 million, a 6.3% rise, while infused pre-rolls generated $13.28 million, up by 2.6%. RollPros' latest Colorado Pre-Roll Market Report reveals a significant growth trend in the pre-roll segment, with overall revenue reaching $24.19 million, marking a 4...

Recent financial data from Beacon Securities compares key financial metrics across the alcohol, tobacco and cannabis industries, showing that cannabis is set to outpace major players like Coca-Cola (NYSE: KO), Marlboro (NYSE: MO), and Budweiser (NYSE: BUD) in market growth. Financial Metrics...

After slightly rebounding in March, Colorado cannabis sales saw a 5% month-over-month decrease in marijuana products purchased dropping to $120.1 million in sales in April. That's the worst April sales performance since 2016, data by the state Department of Revenue suggest. The total April sum...

Weedmaps (NASDAQ:MAPS) (NASDAQ:MAPSW) has shared significant data on New York’s cannabis market for the first quarter of 2024. This data paints a vivid picture of who the cannabis shoppers in New York are and what they're purchasing, providing valuable insights into the market’s...