GREY:YOURF - Post Discussion
Post by
nozzpack on Aug 25, 2021 5:12pm
Q2 should be another Record Quarter
Venom Extracts operates a 11,000-square-foot facility located in Phoenix, Ariz., which can produce approximately five million grams of extract annually in its current and more than 15 million grams with planned equipment and production enhancements.
Arizona is one of the largest medical marijuana markets in the world with over $1-billion in 2020 sales.
Legal sales of adult-use cannabis in Arizona commenced midday on Friday, Jan. 22, 2021, several months ahead of industry expectations, and the fastest that any of the 15 states with recreational marijuana has gone from voter approval to actual sales.
The state realized over $2.9-million in recreational sales within 10 days of legalization.
"Marijuana Business Daily projects that the state's recreational market could generate up to $400-million in revenue its first year and more than $700-million by 2024."
HOLL had Revenues of $23.1 million US in Q1, up from $11.3 million in Q4 2020...
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