THE CONSUMABLES SHOW
We are hosting our weekly Consumables Show today, September 11 @ 12 PM ET.
EVENT DETAILS:
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Every Monday at 12 PM ET our Consumables Team will be hosting a live event where we will go through Timely and Topical events/data that have occurred in our respective industries, as well as preview the week to come. We hope that you can grab your lunch and join us as we break down the Restaurant, Consumer Staples, and Cannabis space.
We will explore a number of topics including recent position monitor changes, top questions from client meetings, most frequent inbounds, pushback on our most recent calls, and updates on some of our best ideas.
PRELIMINARY U.S. Cannabis July Trends
We received August data for the first 11 states in our Hedgeye U.S. cannabis industry tracker. The preliminary data indicate that cannabis sales in the country slowed by 50bps sequentially and grew 5.7% YoY. The YoY acceleration in growth was driven by Maryland beginning adult-use cannabis sales in July. Unit volumes in the U.S. were down 40bps sequentially and up 16.1% YoY.