Market response to cannabs pre-rolls exceeded expectations in 2020.
Undeterred by the coronavirus pandemic, sales increased nearly 50% across California, Colorado, Nevada, Oregon and Washington, according to Marijuana Business Daily citing data from Headset and LeafLink. The sector became the second-fastest growing cannabis item, only behind flower (54%).
Operators say that they expect pre-rolls to continue to perform well in 2021, in line with the rest of the market.
Record Highs
LeafLink noted a market share increase from 6.2% to 7.5% for pre-rolls last year.
Alex Feldman, LeafLink general manager of insights and marketing services, stated that if 2020 is any indication of seasonal performance, then a slight spring dip could give way to a “potentially large increase” during the fall as post-harvest supplies arrive.
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Developments show that global receptiveness to marijuana is accelerating.
By Tiffany Kary, Bloomberg
15 Mar 2021 07:45
Seemingly overnight, the cannabis industry has gone global.
That can be seen in the deal just announced by Curaleaf Holdings Inc., the largest US cannabis company, that aims to turn Europe into a launchpad for international growth. Or take a look at British American Tobacco Plcâs new stake in a Canadian marijuana company, Organigram Holdings Inc. And then thereâs the bill passed last week in Mexico that could make recreational marijuana legal, paving the way for heavy international investment.
Together, the developments show that global receptiveness to marijuana is accelerating.
Poseidon Asset Management co-founder and managing director Morgan Paxhia recently spoke with Benzinga about some of the top low-cost buys on the market today, including several options investors could get for well under $100 per share.
Those with limited funds to invest might want to avoid a single shot stock, he advised. Those looking for beta exposure in the U.S. market, however, may want to consider
AdvisorShares Pure U.S. Cannabis ETF (NYSE:MSOS) to offset some risk with a diversified investment. I think it s just good financial sense, Paxhia, an investor since the age of 12, says.
Poseidon is one-half of one of the cannabis space s longest-running investment funds. Paxhia co-runs the firm with his sister, Emily. They have invested in some of market s top names, including
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