California Tracker
July adult Use Sales grew by 2.78% sequentially to $443 Million. This is a 6.64% increase compared to July of last year, which has slowed meaningfully since the beginning of the year. California's annual run rate currently stands at $5.05 Billion.
Colorado Tracker
Cannabis sales have been rebounding in Colorado. Adult Use Sales were up for the first time since March 21' 4.5% sequentially to $168 Million. This is a 6% increase compared to June of last year. The state has an annual run rate of $1.9 Billion and has also seen a significant slowdown since the beginning of the year.
Washington Tracker
Sales in Washington have remained fairly flat for the past year. However, adult Use Sales were up 4.41% from the month before $133 Million. This is a 1.72% increase compared to July of last year. The state has an annual run rate of $1.53 Billion.
Oregon Tracker
Sales in Oregon have also remained fairly flat for the past year. Adult Use and Medical Sales were up 5.19% from the month before $105 Million. This is a 1.78% decrease compared to July of last year. The state has an annual run rate of $1.21 Billion.
Pennsylvania Tracker
Pennsylvania sales had been decreasing for three straight months until they rebounded in July. Medical Sales were up 6.03% from the month before $95 Million. This is a 29% increase compared to July of last year. The state has an annual run rate of $1.1 Billion.
More Cannabis Paper
Canna-Global Acquisition, a blank check company targeting the cannabis industry, filed on Monday with the SEC to raise to $200 million. The Marina Del Rey, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Canna-Global Acquisition would command a market value of $257 million. The company is led by CEO and Director Antony Gordon, who has spearheaded boutique business advisory and business development firm Stealth Consulting Management since 2013. The company plans to target businesses in the cannabis industry but states that it will not target businesses in China or Hong Kong. Canna-Global Acquisition was founded in 2021 and planned to list on the Nasdaq under the symbol CANN.U.
