Performance
Cannabis Themes
We are hosting our Cannabis Themes call on Tuesday, January 25th at 10 AM - on the call will go over our themes for 1H22, which are:
- Can the "Do Nothing Dems" Stop The Bleeding?
- Will A Dual-Track Legalization Path Emerge?
- Focus on the Core
- Incremental TAM in 2022/2023
We will also have an update on the following topics:
- Growth in U.S.A. points of distribution
- Updated Industry sales trends across Hedgeye tracked Recreational and Medical markets
- Current operational metrics on the top operators
- Company commentary
- Comparative valuation
Cannabis/Consumables Pro Subscribers CLICK HERE for event details (includes video and materials link)
Is cannabis use a substitute for Alcohol?
Since coming online in Massachusetts in November 2018, gross total sales have now reached $2.54 billion, according to the Cannabis Control Commission (CCC) data. Excise taxes levied on both Alcohol, and marijuana shows alcohol excise taxes have increased slightly in the past five fiscal years. Thus the data suggest that cannabis is not a substitute for Alcohol. The benefit to the state is the tax revenue and why more states are looking to go rec. Massachusetts has collected $51.3 million in alcohol excise taxes in the current fiscal year, and marijuana excise taxes have exceeded Alcohols. The state has collected $74.2 million in MJ taxes
