Arizona Cannabis Trends
In the month of December, Arizona recorded ~$156M in cannabis sales, which represents a sequential increase of 6.1% but a YoY decrease of 7.6%. Unit volumes in the month were up 8% sequentially and down YoY by 1.7%. The average unit price decreased 1.8% sequentially and down 6% YoY.
Valentine's day by Green Thumb.
Green Thumb Industries (GTBIF) is a Hedgeye Cannabis Best Idea long.
Green Thumb announced today, January 23rd, that it has launched its new, limited-edition 50 Shades of Grape gummy in the Illinois market. “When it comes to Valentine’s Day, consumers aren’t as handcuffed to wine and booze as you might think,” said Ryan Marek, Senior Vice President of Marketing at Green Thumb. “50 Shades of Grape by Incredibles is a woo-worthy formula featuring cannabinoids intended for mood-setting effects, including relaxation and stress reduction. We’re thrilled to offer this new limited-edition product to our Illinois customers as they prepare for their Valentine’s Day celebrations.” According to a recent poll, cannabis consumers experience more intimacy than non-consumers. Plus, two-thirds of those polled believe cannabis enhances their sex life and helps them get in the mood.
Curaleaf continues to expand in Florida.
Curaleaf Holdings (CURLF) announces today the opening of its Clermont dispensary, located at 1900 S. Highway 27, Clermont, FL 34711. The new dispensary is Curaleaf's 57th in the Sunshine State and 147th nationwide. "This new location is in the heart of one of Florida's fastest-growing communities," said Matt Darin, CEO of Curaleaf. "We continue to expand our retail footprint in the state, and our team is committed to providing our expanding patient community with a tailored, educational approach to cannabis and a seamless retail experience."
