Real estate and cannabis will be two of the hottest industries on investors' minds in 2024. Real estate stands out as a solid investment due to its historical resilience, potential for long-term appreciation, and the ability to generate consistent rental income. Cannabis, on the other hand, is more exciting, offering the opportunity to invest in a rapidly expanding legal market with increasing social acceptance and the potential for significant growth in various sectors, including medicinal and
NEW YORK, Dec. 29, 2023 /PRNewswire/ - Ascend Wellness Holdings, Inc. , a multi-state, vertically integrated cannabis operator focused on better living through cannabis, announced the opening of.
The first licensed adult-use cannabis dispensary and delivery service in New York, Housing Works Cannabis Co, has celebrated a successful first year of operations. The dispensary, which reported selling roughly $12m worth of marijuana during its first six months, curated a menu of over 1,000 SKUs across 124 brands. This resulted in total sales of $24m in the company's first year. While New York could potentially house up to 600 stores based on California's density, Pablo Zuanic of Zuanic & Associates suggested that the figure could be over 3,600 if it follows Colorado's model. Other cannabis stores have opened in the US and Canada recently. Trulieve Cannabis opened two new medical dispensaries in Florida, while Ascend Wellness Holdings opened a dispensary in Ohio. Canadian retailer High Tide also opened three new Canna Cabana stores in Canada.
Ascend Wellness Holdings, Inc. (OTCMKTS:AWWH – Get Free Report)’s stock price dropped 14.1% on Tuesday . The company traded as low as $1.16 and last traded at $1.16. Approximately 150,604 shares were traded during trading, an increase of 1,153% from the average daily volume of 12,015 shares. The stock had previously closed at $1.35. Ascend […]
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