Here are the two companies you should own to take full advantage of Arizona’s newly recreational cannabis market…
$1 billion is the new benchmark for cannabis markets in their first year of recreational sales.
Remember back in 2019, Michigan‘s medical cannabis market brought in $288 million in sales. Then, when recreational sales began in 2020, that number tripled to $984 million.
Or Illinois. In 2019, its medical cannabis market sold $251 million worth of legal cannabis products. Recreational sales kicked off and quadrupled to over $1 billion for 2020.
Well, it’s Arizona in the spotlight now – and so far, it’s perfectly on pace to soar past that $1 billion mark with flying colors.
After voters said “yes” to legalization during the 2020 election, Arizona came out of the gate strong. Its 124 existing medical cannabis dispensaries were almost immediately able to receive recreational licenses and sales were up and running in record time.
Already, its combined monthly sales are averaging around $120 million for March, April, and May. And since recreational sales have still have not outpaced medical sales, there’s still a ton of growth in store – and no signs of slowing down.
With virtually every new state that goes recreational, we see this $1 billion story play out – except the sales numbers just. Keep. Getting. Bigger.
And so do the opportunities for those who are invested in the right companies.
In Arizona, the operators in the best position to profit are the ones that already had an established presence in its medical market. They’re the ones that had their products in front of customers from the very beginning. The ones that had already built a loyal following.
And as they reap the benefits, you can, too. You just have to know where to put your money.
So for those of you looking to play the Arizona market for your own profits, look no further.
How to Play the Arizona Cannabis Market
This first pick may not come as a surprise if you’ve been following us for a while. But it’s worth reiterating just how dominant the company is in the United States.
That’s right…I’m talking about Curaleaf Holding Inc. (OTC: CURLF).
With an existing footprint covering eight key locations before recreational sales kicked off, Curaleaf is one of your best bets for taking advantage of the cannabis market in Arizona as it continues to heat up.
This company knows what it’s doing and was quick to capitalize on its position by allocating $4 million to upgrade its Arizona assets – making room for more products, more consumers, and more sales.
The only other player that rivals Curaleaf’s Arizona footprint is Harvest Health and Recreation (OTC: HRVSF) with 15 retail locations – a footprint that Trulieve Cannabis Corp. (OTC: TCNNF) will claim as soon as its acquisition of Harvest is complete.
The Trulieve-Harvest deal is expected to close sometime this quarter. Once it does, Trulieve will become an industry leader in Arizona virtually overnight. And that makes it the perfect way for you to profit from the Arizona cannabis market.
I can’t wait to see which medical market goes recreational next. When it does, I’ll be here to help guide you to the biggest and best opportunities.
To your investing success,
Partner, RADD Capital
One response to “All Eyes on Arizona: How to Play America’s Newest $1 Billion Cannabis Market for Profits”
August 04 2021