Cannabis Boom Or Bust: State Trends Marijuana Investors Can't Afford To Ignore In 2Q24
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.
季度收益将突显高效运营商不断增长的市场份额和构建可持续平台。Zuanic＆Associates高级分析师Pablo Zuanic概述了大麻市场在二季度收益季节到来之前在主要州的趋势。
Zuanic emphasizes that federal reform expectations, IRS news on 280E, refinancing potential and M&A strategies will be the main drivers of sentiment.
Zuanic强调联邦改革期望、税收局对280E的新闻、再融资潜力和并购策略将是情绪的主要推动者。
State Performance Highlights
州的业绩亮点
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:TCNNF) remains the leader with 142 stores, followed by Verano (OTC:VRNOF) with 77 stores.
Illinois: Sales grew to $505 million in 2Q24, a 2% QoQ increase, though the market underperforms with $158 per capita spent compared to Michigan's $333. Ascend (OTC:AAWH), Curaleaf (OTC:CURLF), Verano, Cresco (OTC:CRLBF) and Green Thumb (OTC:GTBIF) each have 10 stores in the state.
Pennsylvania: Robust growth continues with 2Q24 sales at $426 million, up 11% year-over-year. The state boasts healthy retailer economics with annualized revenue per store at $9.4 million. Verano leads with 18 stores.
Arizona: Sales declined 7% QoQ to $301 million in 2Q24, with ongoing deflation impacting both growers and retailers. Trulieve and Curaleaf lead with 21 and 16 stores, respectively.
Maryland: With recreational sales starting on 7/1/23, total sales reached $284 million in 2Q24, up 130% YoY. Curaleaf and Green Thumb are significant players in the state with multiple stores each.
New Jersey: Although growing, New Jersey lags in per capita spending with sales totaling $225 million in 1Q24. Curaleaf, Verano, and Green Thumb have a notable presence with multiple operational stores.
Ohio: Medical marijuana sales remained flat at $120 million in 2Q24, but prices are rising as retailers begin recreational sales. Cresco, Green Thumb, and Columbia Care (OTC:CCHWF) are key operators in the state.
Michigan: The state continues to see strong growth with 2Q24 sales at $837 million, up 6% QoQ and 11% YoY. Michigan leads in per capita spending with $333. Green Peak Innovations and Lume Cannabis Co. are significant players with extensive store networks.
佛罗里达：尽管速度放缓和价格走低，佛罗里达的医用大麻销售额在第二季度达到4.79亿美元，环比下降2%。Trulieve（OTC：TCNNF）仍然是领先者，拥有142家商店，其次是Verano（OTC：VRNOF）拥有77家商店。
伊利诺伊州：2Q24销售额增长2％，达到5.05亿美元，尽管市场表现不佳，人均花费158美元，低于密歇根州的333美元。Ascend（OTC：AAWH）、Curaleaf（OTC：CURLF）、Verano、Cresco（OTC：CRLBF）和Green Thumb（OTC：GTBIF）在该州各有10家商店。
宾夕法尼亚州：稳健的增长仍在继续，2Q24的销售额达到4.26亿美元，同比增长11％。该州拥有良好的零售商经济，每家商店的年收入为940万美元。Verano领先，拥有18家商店。
亚利桑那州：2Q24销售额环比下降7％，达到3.01亿美元，持续的通货紧缩影响了种植者和零售商。Trulieve和Curaleaf分别拥有21和16家商店领先。
马里兰州：在2023年7月1日开始销售娱乐用大麻后，总销售额在2Q24达到了2.84亿美元，同比增长130％。Curaleaf和Green Thumb是该州的重要参与者，各自拥有多家商店。
新泽西州：尽管有所增长，但新泽西州的人均支出相对较低，销售额为2.25亿美元，在1Q24。Curaleaf、Verano和Green Thumb在该州拥有多家运营商。
俄亥俄州：医用大麻的销售额保持不变，为1.2亿美元，但随着零售商开始销售娱乐用大麻，价格正在上涨。Cresco、Green Thumb和Columbia Care（OTC：CCHWF）是该州的主要运营商。
密歇根州：该州继续保持强劲增长，在2Q24销售额达到8.37亿美元，环比增长6％，同比增长11％。密歇根州以人均支出333美元的表现领先。Green Peak Innovations和Lume Cannabis Co.是重要的参与者，拥有广泛的商店网络。
These issues will be among the hot topics at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the industry. Hear directly from top executives, investors, advocates, and policymakers. Get your tickets now before prices go up by following this link.
这些问题将是即将到来的芝加哥Benzinga大麻资本会议的热门话题，时间是10月8日至9日。加入我们，以获取关于大麻合法化浪潮对该行业投资未来意味着什么的更深入了解。直接听取高管，投资者，倡导者和政策制定者的意见。在通过此链接购买门票之前，抓紧时间，因为价格会上涨。