Happy Wednesday Cannabis Investors: E-commerce sales on TikTok shop are projected to reach $11 billion by the end of 2024 and this cannabis company wants a share.

Plus, after 13 Years of daily meditation, this spiritual guide drops 'pristine purity' and turns back to cannabis for awakening.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

Who's Winning In Weed? Analyst Looks At Cannabis Market's Big Players, Where Are The Best Bets?

Briefly: In the first quarter of 2024, the cannabis sector faces a mixed economic landscape with a notable sequential decline in sales across several states.

So: Pablo Zuanic, senior analyst of Zuanic & Associates has detailed insights into the sector's performance, particularly focusing on multi-state operators and their exposure across pivotal states such as Arizona, Connecticut and Florida.

What Happened: Overall, Q1 saw a downward trend in sales, except for a few states like Florida and Pennsylvania. The most significant sales declines were observed in Connecticut (-6%) and Illinois (-4%), with moderate decreases across Massachusetts (-3%), Ohio (-2%), and both Michigan and Maryland experiencing a -1% change.

Check out the Q1 2024 state-by-state financial performance here.

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ZINGERS

EXCLUSIVE: Ispire's CEO Michael Wang Predicts Vaping Will Soon Surpass Cannabis Flower Sales

Illinois' April Cannabis Sales Reach $144.5M, Marking 9.5% Year-Over-Year Growth

"I'll Take One" - Tommy Chong And Police Officer Share A Non-Alcoholic Cannabis Drink

Woman Faces 30-Year Prison Sentence And $1M Fine For 8 Ounces Of Bong Water Found In Her Car

GOP Congressman On Hunter Biden Conviction: Millions Of Marijuana Users Own Guns And 'None Of Them Should Be In Jail'

ONE MORE FOR THE ROAD

Maryland, Ohio And Illinois Defy The Trend In M&A Activity: What Investors Can Learn

Briefly: Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience.

So: The national landscape reveals a stark reduction in M&A activity. The U.S. as a whole experienced a 46.1% decrease in the number of transactions, dropping from 89 deals in June 2023 to 48 in June 2024.

That Said: While many states saw a downturn, Maryland, Ohio and Illinois reported significant year-over-year growth in M&A transactions. Maryland, in particular, saw a 33.3% increase in the number of transactions and a 58.9% rise in transaction value.

And: Ohio's M&A activity doubled, with a 100% increase in the number of deals and an astonishing 1351.6% surge in transaction value, reflecting burgeoning investor interest. Illinois experienced a notable increase in deal value from $39.00 million to $75.78 million, highlighting the state's growing market potential.

So What: What do Maryland, Ohio and Illinois have in common?

Click here to find out.

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Join us on October 8th and 9th in Chicago for the world's largest gathering of cannabis investors - happening just ONE month before the Presidential election.

Buy your tickets, apply to exhibit or become a sponsor here.

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