MAPS - California's Weed Sales Decline: Market Ripe For Consolidation Biggest Companies Likely To Benefit | Benzinga
The California cannabis sector is facing a sales decline, according to a recent market update from Pablo Zuanic, senior equity research analyst at Zuanic & Associates.
The report contends that despite a constant number of active licensed storefronts in the past quarter, the market is ripe for consolidation not just at the retail level but among growers, distributors and delivery services.
Zuanic points out that leading brands have established significant moats in California, with successful expansion into other states through licensing and direct investments. Companies with strong financial backing stand a better chance in the current environment.
Join Pablo Zuanic, senior equity research analyst at Zuanic and Associates, at the Benzinga Cannabis Capital Conference in Hollywood, Florida, on April 16 and 17, 2024, for critical insights into the cannabis market's evolving dynamics.
Company Highlights And Financial Outlook
Zuanic and Associates' recent initiation reports cover companies like Gold Flora (OTC: