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20-year-old professional trader reveals his “MoneyLine”

Forget your indicators and use the “MoneyLine.” A simple line tells you when to buy and sell without having to guess. It’s a line on a chart that helped Nic Chahine win 83% of his options purchases. This is how he does it:


Despite California’s good reputation and larger population, new data from a cannabis analysis company shows BDSA revealed Michigan has become the largest seller of legal cannabis in the United States, overtaking the Golden State in sales.In March, Michigan sold 22 million cannabis products, while California sold 21.3 million, marking the first time another state has sold more legal cannabis products than California.

The BDSA data shared with SFGATE uses information from dispensaries and highlights a clear shift in the U.S. cannabis market. While California continues to lead in sales, with $1 billion in sales in the first quarter of 2024 compared to Michigan’s $786 million, Michigan’s sales volume is higher. This development is due to lower cannabis prices in Michigan, making it more accessible to consumers.

High taxes and questionable regulations are damaging cannabis sales in California

The legal cannabis market in California faces numerous challenges, including high taxes and strict regulations that drive up costs. These issues, combined with weak enforcement against illegal sales, have allowed the illegal market to flourish. As a result, California is experiencing declining legal sales, with first quarter figures showing the lowest sales since 2020. The state’s cannabis industry, which once enjoyed robust growth, is now being criticized by industry experts such as Hirsh Jaina consultant based in Los Angeles.

Michigan’s lower tax rates and stricter measures against illegal businesses have pushed consumers into the legal market. In addition, recreational cannabis use is not legal in Michigan’s neighboring states, which attracts customers from other states.

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Cannabis market in Michigan booming, California struggling

Michigan’s legal cannabis market is thriving, with $3.06 billion in sales in 2023, a 25% increase from the previous year. This boom has generated significant tax revenue, with over $457 million collected in 2023 alone. The state has also seen a rapid expansion of dispensaries, which now number around 750 statewide.

In contrast, the situation in California is catastrophic. Illegal cannabis cultivation is widespread, especially on public lands, causing environmental damage and endangering public safety. California Department of Fish and Wildlife reports that nearly a quarter of the cannabis on the black market in the United States is grown on public lands within the state. These illegal activities undermine the legal market and cause severe ecological damage.

Despite the efforts of Governor Gavin Newsom Although the Unified Enforcement Task Force is designed to crack down on illegal activities, the problem persists. In the first quarter of 2024, the task force seized over $61 million worth of illegal cannabis products. In addition, allegations crossed paths between key state operators such as Glasshouse brands (OTCQX:GLASF) (OTCQX:GHBWF) and Catalyst Cannabis due to illegal market participation further complicates California’s industrial landscape.

Read now: Californian cannabis cartel flourishes in national parks: Weed grown on public land accounts for a quarter of the US black market

Image created with generative AI tools.


20-year-old professional trader reveals his “MoneyLine”

Forget your indicators and use the “MoneyLine.” A simple line tells you when to buy and sell without having to guess. It’s a line on a chart that helped Nic Chahine win 83% of his options purchases. This is how he does it:


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