Oklahoma Medical Cannabis Sales Outperform

Oklahoma is showing the rest of the U.S. how to run the medical cannabis industry. This southern U.S. state has surprised many analysts, quickly growing into one of the largest and fastest-growing medical cannabis markets in the country.

Oklahoma is on pace to do $1 billion in cannabis sales in 2021 and is reporting record sales in each of the last two months.

Here are some more details from mjbizdaily.com.

Already one of the largest and fastest-growing markets in the country, Oklahoma’s medical marijuana industry broke sales records in both April and May as consumers stocked up on products amid the coronavirus pandemic.

In April, sales in Oklahoma shot up to $61.5 million, a 21% increase from March.

Sales rose again in May to reach nearly $74 million – a monthly figure that far exceeds that of adult-use markets in Illinois, Massachusetts, Michigan and Nevada.

With more than $275 million in MMJ sales in 2020 to date, Oklahoma’s market could easily eclipse $700 million by the end of the year – in the same ballpark as more populous states such as Arizona and Florida.

Patients continued to enroll in Oklahoma’s medical cannabis program throughout the COVID-19 crisis – rising from roughly 272,000 in March to 297,000 by the end of May – though the recent monthly sales gains were driven by additional spending from existing patients.

Oklahoma medical cannabis

Looking forward, I expect Oklahoma’s cannabis market to grow at a rapid pace. Continue reading "Oklahoma Medical Cannabis Sales Outperform"

3 Cannabis Stocks Profiting from Germany's New Medical Program

Analysis originally distributed on September 20, 2017 By: Michael Vodicka of Cannabis Stock Trades

Germany is quickly beginning to look like the next mega market for medical and eventually recreational cannabis. This is creating another big opportunity for savvy investors who are following the story and staying ahead of the curve.

Today, I am going to show you how you can profit.

But first - a little background.

Germany is the beating heart of Europe.

It is the largest country in the European Union with a population of 81 million.

It also has the largest economy in the European Union by a long shot. Its gross domestic product clocked in at $3.5 billion in 2016. Its per capita GDP of $42,000 makes it one of the wealthiest countries in Europe.

Companies that can gain access to the German consumer market have an opportunity to access tens of millions of wealthy consumers.

This is particularly true in Germany's young medical cannabis market. Continue reading "3 Cannabis Stocks Profiting from Germany's New Medical Program"