Colorado and Connecticut sell things like candy but with a twist: they're cannabis candies. This quarter, Colorado's sales were 5% higher than the same time last year, and that's a good sign. It means the market is back on track. But in Connecticut, sales have been steady for the last few months, and even dipped a little bit in September. However, on average, each store makes about $460,000 a month. That's a lot of money! Read from source...

This and more on 07 October 2024 at 16:00 GMT

### AI

In an article published on October 14, 2024, by Benzinga, the author, Nicolás Jose Rodriguez, reports on the growth in Colorado's cannabis market. The report indicates that on a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%.
The author provides a breakdown of the sales figures and notes that there were 673 adult-use dispensaries by the end of August, with an average revenue of $162,000 per dispensary, or approximately $1.9 million annually. The report also mentions notable companies with operations in Colorado, such as Schwazze SHWZ and The Cannabist Company CBSTF.
In Connecticut, legal cannabis sales reached $23.4 million in September, down 9% month-over-month but 7% lower than September 2023. Despite the monthly dip, quarterly sales totaled $74 million in Q3 2024, up 2% from Q2 2024.
Overall, the article provides a positive outlook for the cannabis industry in Colorado and Connecticut, highlighting the growth in sales and the number of dispensaries operating in each state.

### Review

The article provides a comprehensive overview of the growth in Colorado's cannabis market, with a focus on sales figures and the number of dispensaries operating in the state. The author also provides information on the sales figures in Connecticut, highlighting the growth in the industry in that state as well. The article is well-researched and provides a positive outlook for the cannabis industry in both states.

### Criticism

However, the article does have some inconsistencies and biases that should be highlighted. For example, the author notes that sales in Connecticut were down 7% year-over-year, but then states that quarterly sales totaled $74 million in Q3 2024, up 2% from Q2 2024. This suggests that sales in Connecticut were actually up year-over-year, which contradicts the earlier statement.
Furthermore, the author notes that sales in Colorado were up 5% on a quarter-to-date (QTD) basis, but then notes that sales were down 8% compared to $132 million in August 2023. This suggests that sales in Colorado were actually down year-over-year, which contradicts the earlier statement that sales were up 5%.
The article also contains some emotional language and biases that should be noted.

Neutral

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Timestamp: 2024-10-14 20:41:00

Source of News: https://www.benzinga.com/markets/cannabis/24/10/14798299/is-colorados-cannabis-market-back-on-track-a-5-sales-boost-says-yes

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