4/20 Cannabis Retail Frenzy: Leading Brands Ready For Record Sales Surge - Who Will Lead?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2024
0mins
Should l Buy ?
Source: Benzinga
- Record-breaking 4/20 Sales Anticipation: Cannabis retailers expect high sales due to a +130% increase last year and the celebration falling on a Saturday.
- Brand Dominance in Eastern States: Brands like MariMed, Cresco, and Ascend Wellness lead in various product categories in states like Massachusetts, Maryland, Michigan, and Illinois.
- California Market Leaders: Despite a sales decline, brands like Gold Flora, Glasshouse, and StateHouse dominate the California market.
- Nevada's Cannabis Landscape: Established brands like STIIIZY and emerging players shape Nevada's market, with MSOs like AYR Wellness and Curaleaf actively involved.
- Florida's Growing Industry: Key players such as Trulieve and Verano are capitalizing on Florida's expanding cannabis market, intensifying competition among MSOs.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
