Cannabis Boom Or Bust: State Trends Marijuana Investors Can’t Afford To Ignore In 2Q24
Quarterly earnings will highlight efficient operators’ growing market share and building sustainable platforms. Pablo Zuanic, senior analyst at Zuanic & Associates, provides an overview of the cannabis market trends in key states ahead of the second quarter earnings season.
Zuanic emphasizes that federal reform expectations, IRS news on 280E, refinancing potential and M&A strategies will be the main drivers of sentiment.
State Performance Highlights
Florida: Despite a slowing pace and price deflation, Florida’s medical marijuana sales reached $479 million in 2Q24, with a slight decrease of 2% quarter-over-quarter (QoQ). Trulieve (OTC: