Maryland stands as a shining example of a medical cannabis state transitioning smoothly into the recreational market. According to a financial report by Zuanic & Associates, (Z&A), this transition has been particularly beneficial for incumbent medical cannabis players, who have witnessed a remarkable doubling of their sales and a resurgence in prices.
Key Highlights: Sales Surge And Market Share
Pablo Zuanic, chief analyst at Z&A, will be featured as a keynote speaker at the upcoming Benzinga Cannabis Capital Conference, in Chicago this September 27-28. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
- Official data reveals that August recorded cannabis sales of $91.7 million in Maryland. This figure is a substantial increase from $87.4 million in July (the first month of recreational sales) and a remarkable leap from $42.7 million in June (solely from medical sales).
- The report estimates that top cannabis stores in Maryland are currently raking …