Cannabis Insights | Florida Sales & Colgate Enters The Business

03/08/21 11:48AM EST

Below is a brief excerpt from a complimentary research note written by our Cannabis analysts Howard Penney and Daniel BiolsiWe are pleased to announce our new Sector Pro Product Consumables Pro. Click HERE to learn more.

Cannabis Insights | Florida Sales & Colgate Enters The Business  - 3 8 2021 11 47 16 AM

Market share trends in Florida

The Florida Office of Medical Marijuana Use (OMMU) releases updated cannabis data every Friday.

For the week ending March 5th, the number of qualified patients in Florida’s medical marijuana program grew 0.8% WoW to 500,950 qualified patients with active ID cards.

After a two-week surge, sales decreased this past week compared to the week prior. Trulieve added one dispensary in the past week.

THC in mgs sold decreased 20.2% WoW to 165 million mgs, CBD in mgs sold decreased 25.2% WoW to 4.2 million mgs, and flower in oz. sold decreased 2.8% WoW to 57,964 oz. sold. 

Cannabis Insights | Florida Sales & Colgate Enters The Business  - ol1

Cannabis Insights | Florida Sales & Colgate Enters The Business  - ol2

Cannabis Insights | Florida Sales & Colgate Enters The Business  - ol3

Colgate & Cannabis

I'm just seeing this new product from CL, as Colgate-Palmolive is now in the cannabis business. The New York-based multi-national company has quietly released Colgate® with Hemp Seed Oil Toothpaste.  

Cannabis Sativa (Hemp) Seed Oil is listed as an inactive ingredient in the Herbal Mint Gel. It "helps keep the moisture in our products," the website explains.

The product page reads: "Colgate® with Hemp Seed Oil Toothpaste provides soothing comfort with a refreshing feeling. This anticavity fluoride toothpaste, infused with an herbal mint fresh taste, is perfect for strengthening enamel and providing clinically-proven cavity protection."  

A 4.6-ounce tube sells for $4.99 at Target and Amazon.

Cannabis Insights | Florida Sales & Colgate Enters The Business  - ol4

© 2021 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.