What Ohio Investors Can Learn From Maryland's Cannabis Market: Industry Analyst Keeps It Simple

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As from Maryland cannabis walk matures, he offers precious knowledge For States as Ohio preparing has launch recreational sales. Paul Zuanique of Zuanique & Associates strong points from Maryland stability, competitive landscape and walk dynamic as A potential model For other States. Understanding from Maryland experience can help Ohio anticipate challenges And opportunities In THE evolution cannabis industry.

Zuanique said The comparison East precious For Ohio because both States share similar walk constructions And regulatory environments. As Maryland, Ohio East transition Since A medical has A recreational walk, with holder the operators earn A head to start. In addition, both States confront competition Since neighbor Regions with established cannabis programs.

"Both Maryland And Illinois had ordered transitions Since medical has recreational sales And to have appreciated above average economy. Notably, holders were acquired rights In recreational sales Since THE to start, contrary to In New York, And they to have benefited Since This head to start. We to wait for A similar model In Ohio," bed THE report.

These common features TO DO from Maryland experience A relevant And instructive model For Ohio, portion he anticipate And navigate potential challenges In It is walk development.

Stable Sales And Walk Dynamic

From THE to start of recreational sales In July 2023, from Maryland total cannabis sales to have capped, growth only 1% through April 2024 has $273 millions.

Zuanique attributes This has factors such as high prices, A static number of stores and competition Since neighbor States as New Jersey And Pennsylvania. “Affordability can be A issue, with prices above most East States."

from Maryland flower prices stay high has $8.76 by gram In T2 2024, significantly more that Illinois ($8.11) And Massachusetts ($5.12).

Walk Share And Brand Performance

Public multi-state the operators (MSO) socket A stable walk share of around 40% In Maryland. Green Thumb GTBIF led with A 12.5% share, follow up by Cure sheet LOOP has 8.4% And Verano VRNOF has 7%.

Notably, private MSO And regional the operators Also play A significant role. "In THE case of MARYLAND, MSO to have maintained about 40% brand walk share And own about a third of retail stores," Zuanique explains.

THE walk share among high brands East competitive, with THE high three brands In THE flower category holding A combined 23%. In THE vape category, THE leading brands, including Curaleaf Select, order A 39% share.

Price Tendencies And Future Outlook

from Maryland cannabis prices experimented A light decline After THE initial overvoltage In recreational sales. Flower prices abandoned by 7-8% Since T3 2023, while vape prices fell by 14%. Despite This, prices stay upper that In other East States. "With rec, vape prices increase 16% In T3 2023 QoQ And are down 14% Since SO," Zuanique said.

As neighbor States as Pennsylvania And Delaware consider recreational legalization, Maryland can confront increase price pressure. "If PENNSYLVANIA, OF, And CC potentially while going rec, We would be to wait for price pressure In THE future For MARYLAND," he predicted.

Learn more about leading cannabis companies And actions, At