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Differences in state-by-state prices of <a href="https://www.benzinga.com/cannabis">cannabis</a> are staggering. For example, if you live in North Dakota, where all forms of cannabis is <a href="https://www.benzinga.com/markets/cannabis/24/07/39685033/cannabis-legalization-initiative-in-north-dakota-activists-submit-more-than-enough-signatures-to">illegal</a>, you might be paying up to 82% more for your joints than a fellow consumer in <a href="https://www.benzinga.com/topic/arizona-cannabis">Arizona</a>.
Based on <a href="https://www.priceofweed.com">data</a> from Price Of Weed, we looked at interesting disparities in cannabis prices across the U.S.. Price of Weed is a widely used directory that crowdsources information on the street value of cannabis. The platform allows consumers to anonymously report their latest cannabis purchases.
Price Index for August 2024 illustrates a varied landscape of cannabis costs, calculated per ounce, across different states. Check it out:
<h3 class="wp-block-heading">Quality: A Quarter Of Total Price</h3>
The average price of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36268367/u-s-cannabis-market-premium-products">high-quality cannabis</a> is $320.07 per ounce, while mid-quality cannabis costs $258.31 per ounce on average. This means the difference between average high-quality and mid-quality cannabis is approximately 24%. 
For high-quality cannabis, Arizona offers the lowest average price at $258.88 per ounce, reflecting a more mature market with better supply conditions. As mentioned, North Dakota shows the highest average price at $382.17 per ounce. As proven time and again, making cannabis illegal only drives prices up.
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Mid-quality cannabis averages $258.31 per ounce across all states. Mississippi emerges as the most economical option, with an average price of $172.11 per ounce. If you are in Mississippi, you are getting the cheapest weed in the country. In contrast, South Dakota has the highest prices at approximately $336.88 per ounce.
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<h3 class="wp-block-heading">Prices Of Weed Shifts By Region</h3>
Medical marijuana is legal in 38 states and <a href="https://www.benzinga.com/markets/cannabis/24/05/38712820/legal-cannabis-states-raked-in-20b-since-2014-peaking-at-4b-in-2023-new-report-shows">recreational cannabis</a> is legal in 28. Also, cannabis is still federally banned as is interstate commerce. Although that doesn&#8217;t prevent consumers from crossing state lines to consume or bring weed back home. This contributes to regional prices, while it limits the formation of a less disperse national average price.
On the East Coast, including states like Maine, New Hampshire, Massachusetts and New York, the average price rises to $330.10 per ounce. The relatively recent legalization in many of these states often results in limited supply, distribution problems and higher prices. Additionally, the regulatory environments in these states can add to operational costs for cannabis businesses, which are then passed on to consumers.
In the central states, the average price for high-quality cannabis stands at $328.73 per ounce. This region exhibits variation, with states like Colorado having more mature markets and lower prices, while states with restrictive laws see higher prices. The logistical challenges of distributing cannabis across vast rural areas also contribute to higher costs.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38206489/cannabis-markets-trading-volume-surges-up-292-viridian-capital-highlights-mixed-liq">Cannabis Market&#8217;s Trading Volume Surges Up 292%, Viridian Capital Highlights Mixed Liquidity</a>
<h3 class="wp-block-heading">Medical Marijuana States Are Punishing Users</h3>
On average, consumers in medical-only states pay about 31% more for high-quality cannabis than those in states with fully legal cannabis markets.
In states where cannabis is fully legal, including <a href="https://www.benzinga.com/topic/California-cannabis">California</a>, <a href="https://www.benzinga.com/topic/Oregon-cannabis">Oregon</a>, <a href="https://www.benzinga.com/topic/Colorado-cannabis">Colorado</a> and <a href="https://www.benzinga.com/topic/Nevada-cannabis">Nevada</a>, the average price for high-quality cannabis is $245.37 per ounce. These markets are competitive with greater supply, which helps keep <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37971495/californias-weed-sales-decline-market-ripe-for-consolidation-biggest-companies-like">prices down</a>.
In states where cannabis is only available for medical use, such as <a href="https://www.benzinga.com/topic/alabama-cannabis">Alabama</a>, <a href="https://www.benzinga.com/topic/florida-cannabis">Florida</a>, <a href="https://www.benzinga.com/topic/georgia-cannabis">Georgia</a>, <a href="https://www.benzinga.com/topic/Minnesota-cannabis">Minnesota</a> and <a href="https://www.benzinga.com/topic/Texas-cannabis">Texas</a>, the average price for high-quality cannabis is $321.65 per ounce. Limited licenses and lower overall supply contribute to higher prices. Moreover, the regulatory framework in these states often imposes stricter controls.
<h3 class="wp-block-heading">Overall Differences Are Significant</h3>
These insights highlight the significant impact of regulatory environments, market maturity and regional factors on cannabis prices across the United States. As the cannabis industry continues to evolve, monitoring these trends will be crucial for understanding the economic landscape, making informed decisions and defending consumers&#8217; rights.
<h3 class="wp-block-heading">Methodological Note</h3>
The dataset includes both legal and illicit markets without distinguishing between the two. Reports are cumulative, lending credibility to the data, although historical variations might be impacted due to the lack of time segmentation. This characteristic makes the data more effective for highlighting differences between states rather than tracking trends over time. ​​The District of Columbia was intentionally left out of the analysis.
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<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/05/38972587/who-is-buying-marijuana-and-why-market-data-provides-behavior-profiles-insights-for-investors">Who Is Buying Marijuana And Why? Market Data Provides Behavior, Profiles &amp; Insights For Investors</a></li>
</ul>
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State By State: Price Of Weed Across The U.S. In August 2024

The Japanese stock market significantly recovered on Tuesday <a href="https://www.benzinga.com/markets/equities/24/08/40152271/mohamed-el-erian-grant-cardone-and-matt-weller-warn-of-deepening-global-market-selloff-as-yen-ri">following a historic plunge</a>, with other Asia-Pacific markets also showing signs of improvement.
What Happened: The Nikkei 225 and the broad-based Topix in Japan experienced a gain of nearly 10%. This recovery comes after the previous session, which saw the largest loss since the 1987 Black Monday crash.
At the time of writing, the Nikkei was up 8.74%, trading at 34,206.99, while the broader Topix rose 8.81%, reaching 2,423.29.
Japan&#8217;s service-sector activity rebounded in July due to strong domestic demand, as revealed by a survey on Monday. The final au Jibun Bank Service Purchasing Managers&#8217; Index (PMI) increased to 53.7 last month, up from 49.4 in June, which marked the first contraction in 21 months. Japan&#8217;s jobless rate decreased to 2.5% in June from the previous month.
See Also: <a href="https://www.benzinga.com/news/24/08/40160572/donald-trump-blames-kamala-harris-for-global-market-crash-says-were-heading-towards-world-war-iii?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Blames Kamala Harris For Global Market Crash, Says &#8216;We Are Heading To World War III&#8217;</a>
Additionally, real wages grew by 1.1% in June, marking the first increase in 27 months following a revised 1.3% decline in May, according to data from the labor ministry released on Tuesday, Reuters reported.
The yen also weakened by over 1% against the U.S. dollar. This rebound was seen across various sectors, with Japan&#8217;s heavyweight trading houses witnessing a rise of over 8%. Marubeni (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>) saw a surge of over 14%, while SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) jumped over 11%.
Oil prices also saw an uptick, with Brent crude rising by 1.65% to $77.56 per barrel and U.S. West Texas Intermediate crude increasing by 1.86% to $74.30.
S&amp;P 500 Futures climbed 1.40% to 5,288.50 points, while Nasdaq 100 Futures advanced 1.88% to 18,351.50 points. Meanwhile, Dow Jones Futures increased 0.87% to 39,187 points on Monday, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40147514/defector-says-donald-trumps-return-to-white-house-would-be-once-in-a-thousand-year-chance-for-no?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Defector Says Donald Trump&#8217;s Return To White House Would Be &#8216;Once-In-A-Thousand-Year Chance&#8217; For North Korea</a></li>
</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

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SFTBY

Japan Markets, US Futures Recover After Historic Plunge, Supported Amid Strong Service Sector And Employment Data From Tokyo

Former President Donald Trump lent his support to cryptocurrencies once again, noting that the U.S. government shouldn't be selling Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).&nbsp;
What Happened: In an interview with prominent YouTuber Adin Ross Monday, the Republican presidential candidate dubbed cryptocurrencies as "modern currencies" and said "smart" people were invested in them.
On a question regarding the administration's move to sell state-owned Bitcoin, Trump said, "It&#8217;s something they shouldn&#8217;t be doing because they should be trying to build it. So if we don&#8217;t do it, China&#8217;s doing it, and other places are doing it."
Trump likened cryptocurrencies to artificial intelligence and highlighted the importance of being left behind.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40169225/peter-schiff-thinks-bitcoin-will-never-be-a-reserve-asset-but-others-see-the-drop-as-a-tes">Peter Schiff Thinks Bitcoin &#8216;Will Never Be A Reserve Asset,&#8217; But Others See The Drop As A &#8216;Testament To Bitcoin&#8217;s Potential&#8217;</a>
It was worth noting that cryptocurrency trading and mining have been banned in China since 2021. However, some reports have <a href="https://www.benzinga.com/markets/asia/24/01/36777407/bitcoin-reclaims-spotlight-in-china-despite-ban-offering-safe-haven-for-investors">revealed a growing trend of Chinese investors using alternative methods</a> to invest in the market.
Why It Matters: Trump&#8217;s latest remark <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">echoed his widely-talked-about speech</a> at the recent Bitcoin 2024 conference.
&#8220;For too long our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your Bitcoin,&#8221; Trump said during his keynote speech.
Interestingly, the U.S. Department of Justice <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40027292/bitcoin-dogecoin-drop-ethereum-gains-as-us-government-moves-2b-in-btc-economist-links-kama">moved out $2 billion in Bitcoins</a> from its cold wallet last week. It was unclear whether the government's goal was to unload the holdings or if it was simply a routine fund management exercise.
Trump has called for a national Bitcoin stockpile, claiming that having the cryptocurrency in reserves will help to pay off the U.S.'s&#8217; $35 trillion debt. This position, though, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40152445/trumps-bold-plan-to-use-bitcoin-to-wipe-out-35t-us-debt-questioned-by-economist-justin-wol">has been slammed </a>by renowned economist Justin Wolfers.
Price Action: At the time of writing, Bitcoin was trading at $56,020.27, recovering 2.27% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Trump Says Government Shouldn't Be Selling Bitcoin: 'Crypto Is Like AI, If We Don't Build It, China Will'

Senator Bernie Sanders (I-Vt.) said Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) might be worth $2 trillion but it is &#8220;not above the law,&#8221; after a <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">federal judge ruled</a> that the company&#8217;s monopoly in the online search market is illegal.
What Happened: On Monday, Sanders, who is the chair of&nbsp;the Senate Committee on Health,&nbsp;Education, Labor, and Pensions (HELP), took to X, formerly Twitter, and said the court&#8217;s decision is a major victory for the American people.
&#8220;Today's court decision that Google&nbsp;violated the Sherman Antitrust Act&nbsp;is a major victory for&nbsp;the American people. Google may&nbsp;be a $2 trillion corporation.&nbsp;Its founders may be worth&nbsp;$292 billion. But it&#8217;s not&nbsp;above the law,&#8221; he stated.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40152392/delta-will-have-to-explain-why-it-didnt-take-responsibility-security-companys-lawyers-fireback-at-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Delta Will Have To &#8216;Explain&#8217; Why It Didn&#8217;t Take Responsibility — Security Company&#8217;s Lawyers Fireback At Tech Crash-Hit Airline After It Threatens To Sue Microsoft And CrowdStrike</a>
He then suggested breaking the search and advertising giant stating, &#8220;It's time to hold Google&nbsp;accountable and break it up.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today's court decision that Google violated the Sherman Antitrust Act is a major victory for the American people. Google may be a $2 trillion corporation. Its founders may be worth $292 billion. But it&#39;s not above the law. It's time to hold Google accountable and break it up. <a href="https://t.co/AMlob0gllW">https://t.co/AMlob0gllW</a>
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1820576337465155602?ref_src=twsrc%5Etfw">August 5, 2024</a></blockquote>
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Why It Matters: The lawsuit alleged that Alphabet&#8217;s payments to make its <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">search engine the default option</a> on smartphone web browsers violated U.S. antitrust law by effectively blocking competition in the space. 
The company was accused of maintaining a monopoly on online search and related advertising through $26 billion in payments to Apple Inc., Samsung Electronics Co, and other smartphone makers over multiple decades.
Alphabet currently has a market cap of $1.966 trillion. Last month, Alphabet announced <a href="https://www.benzinga.com/news/earnings/24/07/39917921/alphabet-q2-earnings-revenue-beat-eps-beat-innovation-at-every-layer-of-the-ai-stack-and-more">second-quarter revenue</a> of $84.742 billion, surpassing the consensus estimate of $84.202 billion.
Photo by Evan El-Amin on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Bernie Sanders Says Google May Be Worth $2 Trillion And Its Founders Worth $292B But It's Not Above Law: 'Break It Up'

John Bolton, a Trump-Era National Security Advisor, has expressed concern over the Biden administration&#8217;s handling of Iran&#8217;s recent aggressive actions in the Middle East, which he believes endangers American and allied interests.
What Happened: Bolton took to X on Monday, to voice his concerns about the escalating situation in the Middle East. He criticized President Joe Biden&#8217;s response to the recent attacks on Americans in Iraq by Iranian proxies, which he believes could be a precursor to a direct Iranian assault on Israel. &#8220;Joe Biden&#8217;s refusal to see that Iran has already launched a wider war in the Middle East imperils Americans and our allies. Enough is enough,&#8221; Bolton tweeted.
See Also: <a href="https://www.benzinga.com/news/24/08/40145805/elon-musk-says-his-endorsement-of-trump-doesnt-mean-he-agrees-with-everything-ex-president-is-saying?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says His Endorsement Of Trump Doesn&#8217;t Mean He Agrees With Everything Ex-President Is Saying, Bu</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Iranian terrorist proxies have again attacked Americans in Iraq, wounding several, possibly as a run-up to another direct Iranian attack on Israel.  Joe Biden&#39;s refusal to see that Iran has already launched a wider war in the Middle East imperils Americans and our allies.  Enough…
&mdash; John Bolton (@AmbJohnBolton) <a href="https://twitter.com/AmbJohnBolton/status/1820620593471029273?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
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On Monday, at least five U.S. personnel were injured in an attack on Al Asad airbase in Iraq, which was attacked by two Katyusha rockets. One American was seriously injured, reported Reuters.
The attack came amid rising tensions following the killing of senior Hamas and Hezbollah members, and Iran&#8217;s vow to retaliate. The Pentagon planned to deploy additional military resources to the Middle East. Meanwhile, Iraq, hosting 2,500 U.S. troops, has seen increasing attacks linked to the Israel-Hamas conflict. U.S. and Iraqi officials discussed efforts to de-escalate the situation, while U.S. Central Command coordinated with allies in the region in case of an Iranian attack against Israel.
Why It Matters: Bolton&#8217;s criticism comes amid <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/40081661/irans-supreme-leader-orders-direct-strike-on-israel-in-retaliation-for-hamas-leaders-killing-rep">rising tensions</a> in the Middle East following the assassination of Hamas political leader Ismail Haniyeh in Tehran and Hezbollah military commander Fuad Shukr in Beirut, allegedly by Israel. Iran&#8217;s Supreme Leader Ayatollah Ali Khamenei has reportedly ordered a direct strike on Israel in retaliation. 
A potential Iranian attack on Israel could <a href="https://www.benzinga.com/government/24/08/40164105/potential-iranian-attack-on-israel-could-rattle-markets-what-happened-to-stocks-when-russia-invaded">disrupt global markets</a>, similar to the impact of Russia&#8217;s invasion of Ukraine in 2022. This escalating conflict and its potential impact on global stability underscore Bolton&#8217;s concerns about the Biden administration&#8217;s approach to Iran&#8217;s aggression.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

John Bolton Says Biden's 'Refusal To See That Iran Has Already Launched A Wider War...Imperils Americans' After Rockets Wound US Soldiers In Iraq

Kellyanne Conway, former advisor to President Donald Trump, has registered as a lobbyist for Ukrainian billionaire Victor Pinchuk. This information comes from a recent foreign agent disclosure filing.
What Happened: Conway registered last Friday to represent Pinchuk&#8217;s foundation. The filing under the Foreign Agents Registration Act reveals that Conway will liaise with U.S. lawmakers and experts on Ukraine&#8217;s interests and raise awareness about &#8220;Ukrainians&#8217; fight for freedom and the Russian illegal war of aggression,&#8221; <a href="https://thehill.com/blogs/blog-briefing-room/4812748-ex-trump-adviser-conway-registers-as-lobbyist-for-ukrainian-oligarch/mlite/">reported</a> The Hill.
Conway is also expected to encourage U.S. lawmakers to attend the Yalta European Strategy annual meeting in Kyiv on Sept. 13-14. She will represent the U.K. office of the Victor Pinchuk Foundation, a private, nonpartisan, philanthropic company focused on advancing various causes in Ukraine.
See Also: <a href="https://www.benzinga.com/news/24/08/40131648/anthony-scaramucci-says-trump-could-drop-his-presidential-bid-against-kamala-harris-if-this-happens?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Trump Could Drop His Presidential Bid Against Kamala Harris If This Happens: &#8216;I Know How This Man Thinks&#8217;</a>
The filing also reveals that Pinchuk &#8220;owns and controls&#8221; the foundation, which is not owned or controlled by the Ukrainian government. However, the Ukrainian government is the &#8220;principal beneficiary of the registrant's activities directed by the foreign principal.&#8221;
Conway&#8217;s agreement with the foundation includes a monthly fee of $50,000, with the term of the agreement running from July 25 to Nov. 14.
This move comes amidst hesitation from many Republicans to approve more aid to Ukraine. Conway&#8217;s former boss, Trump, has previously suggested that additional aid to Ukraine could come as a loan and claimed he could end the war in 24 hours if he were in the White House.
Why It Matters: Conway is known for coining the phrase &#8220;Alternative Facts&#8221; during a Meet The Press interview in January 2017 when she defended White House Press Secretary Sean Spicer&#8217;s false narrative about Trump&#8217;s inauguration attendance figures.
More recently in 2022, she <a href="https://www.benzinga.com/markets/cannabis/22/09/29030310/trump-ally-kellyanne-conways-alternative-facts-are-back-she-blasts-pas-fetterman-for-cannabis-ov">criticized</a> Pennsylvania Democratic Senate nominee John Fetterman (D-Pa.) for his support of cannabis legalization.
In August 2023, she speculated that President Joe Biden might not participate in any debates in the run-up to the 2024 presidential election. However, the president did end up debating Trump but his disappointing performance led to his <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">ultimate exit</a> from the race.
Photo Courtesy: Evan El-Amin on Shutterstock.com
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Ex-Trump Advisor Kellyanne Conway, Known For Her 'Alternative Facts,' Turns Lobbyist For Ukrainian Billionaire Victor Pinchuk

In a recent revelation, former House Speaker Nancy Pelosi has unveiled details of a phone conversation she had with then-President Donald Trump prior to his first impeachment.
What Happened: An excerpt from Pelosi&#8217;s new book, &#8220;The Art of Power,&#8221; discussed during a <a href="https://edition.cnn.com/2024/08/05/politics/video/donald-trump-phone-call-first-impeachment-nancy-pelosi-ebof-digvid">CNN</a> interview on Friday, sheds light on a phone call she received from Trump ahead of his first impeachment proceedings.
Trump purportedly told Pelosi, &#8220;There's no reason to impeach me,&#8221; and insisted he had been an effective president. Pelosi wrote that Trump&#8217;s demeanor became &#8220;increasingly whiny&#8221; as the conversation unfolded.
Pelosi recounted that the former president told her, &#8220;I&#8217;ve done a great job as president&#8230; It&#8217;s very, very unfair.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40158903/terrible-plan-billionaire-ken-griffin-donates-12m-to-defeat-floridas-cannabis-legalization-measu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8221;Terrible Plan&#8217;: Billionaire Ken Griffin Donates $12M To Defeat Florida&#8217;s Cannabis Legalization Measure</a>
Pelosi, when asked by CNN&#8217;s Dana Bash why she chose to disclose this private conversation, said it was &#8220;the basis of how to go forward,&#8221; indicating the impeachment proceedings.
Why It Matters: This revelation comes amidst a backdrop of political tension. In July, Pelosi was one of the key figures <a href="https://www.benzinga.com/general/politics/24/07/39844101/pelosi-tells-biden-he-cant-beat-trump-shell-do-everything-in-her-power-to-prevent-2024-run">urging President Joe Biden to step aside</a> in the 2024 White House race. Around the same time, Trump <a href="https://www.benzinga.com/news/24/07/39853222/trump-blasts-crazy-nancy-pelosi-vows-to-end-inflation-and-claims-kim-jong-un-misses-him-in-rnc-addre">criticized Pelosi</a> during his speech at the Republican National Convention, accusing Democrats of using the justice system as a political weapon.
Despite Trump&#8217;s <a href="https://www.benzinga.com/news/24/07/39656091/weekly-politics-round-up-trumps-controversial-remarks-about-biden-pelosis-stock-trades-and-president">unfounded claims</a> about forcing Biden out of the presidential race, Biden confirmed his continued participation. However, Pelosi later <a href="https://www.benzinga.com/general/politics/24/08/40175334/pelosi-says-president-biden-should-be-added-to-mount-rushmore-after-reportedly-pushing-for-his-o">advocated for Biden&#8217;s recognition</a> on Mount Rushmore, despite her earlier push for his withdrawal from the race.
Meanwhile, recent <a href="https://www.benzinga.com/news/24/08/40147712/kamala-harris-takes-the-lead-in-eight-new-national-polls">national polls</a> show Kamala Harris leading over Trump, indicating a potentially heated race for the 2024 presidency.
Photo Courtesy: Gage Skidmore Via Wikimedia Commons
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Was 'Whiny' In Pre-Impeachment Call To Pelosi Says Former House Speaker In New Book: 'It's Very, Very Unfair'

Barclays analyst Andrew Mok maintains Alignment Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) with a Underweight and raises the price target from $4.5 to $7.

Price Target

Analyst Ratings

ALHC

Barclays Maintains Underweight on Alignment Healthcare, Raises Price Target to $7

Barclays analyst Steven Valiquette maintains Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) with a Equal-Weight and lowers the price target from $23 to $18.

Barclays Maintains Equal-Weight on Owens & Minor, Lowers Price Target to $18

Barclays analyst Gena Wang maintains Regenxbio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) with a Overweight and lowers the price target from $55 to $50.

RGNX

Barclays Maintains Overweight on Regenxbio, Lowers Price Target to $50

As Ohio begins&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/08/40172821/its-official-ohio-begins-recreational-cannabis-sales-on-tuesday-heres-where-and-how-you-know-the">recreational cannabis sales</a> on August 6, Pablo Zuanic, senior analyst at Zuanic &amp; Associates&nbsp;has initiated coverage of Vext Science (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vextf#OTC">VEXTF</a>) with an Overweight rating, highlighting the company&#39;s significant growth potential.
Zuanic calculates that Vext has the most EBITDA torque among the 12 public multi-state operators (MSOs) in Ohio, projecting Vext&#39;s EBITDA could grow six-fold by CY26, taking CY23 as the base year.
<h3>Ohio Market Projections: $2.36B In 2026</h3>
<ul>
<li>The Ohio market is expected to grow substantially with the start of recreational sales, potentially expanding 3-4 times the current medical market size.</li>
<li>Zuanic projects the Ohio market to reach a $1.85 billion annual run rate by the end of 2025 and $2.36 billion by the end of 2026.</li>
<li>This growth trajectory is based on conservative estimates, with per capita spending expected to reach $150 by the end of the first year of recreational sales and $200 by 4Q26.</li>
</ul>
<h3>Valuation And Market Performance</h3>
Despite trading mostly in line with the MSO average, Vext&#39;s stock valuation does not yet reflect the expected EBITDA ramp. &quot;The stock valuation does not reflect the EBITDA ramp,&quot; notes Zuanic. The report underscores that Vext&rsquo;s current valuation is compelling, particularly when considering the<a href="https://www.benzinga.com/markets/cannabis/24/05/38760793/this-cannabis-co-expects-significant-growth-once-ohios-retail-market-launches-reports-slight-yoy"> projected upside</a>.
Zuanic&#39;s analysis shows that Vext could experience a 471% increase in value creation, compared to other MSOs like Acreage (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/acrhf#OTCQX">ACRHF</a>) at 275%, Cannabist (CSE: CCHW) at 185%, and Ascend (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aawh#OTC">AAWH</a>) at 62%.
Read Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39470114/debt-deadline-looms-how-cannabis-companies-financial-health-could-impact-your-portf">Debt Deadline Looms: How Cannabis Companies&#39; Financial Health Could Impact Your Portfolio</a>
<h3>Strategic Operations And Expansion</h3>
Vext operates a 25K sq ft<a href="https://www.benzinga.com/markets/cannabis/24/05/39064070/cannabis-producer-vext-reports-yoy-decline-in-q1-announces-2m-standby-credit-facility-ahead-of-o"> cultivation facility </a>and two dispensaries in Ohio, with plans to acquire two more dispensaries by the end of 2024. The company&rsquo;s aggressive expansion in Ohio positions it well to capitalize on the anticipated market growth.
Zuanic points out, &quot;Vext has garnered pretty good value in Ohio, being agile in acquiring licenses and independent operators.&quot;
In this analysis, Pablo Zuanic extrapolates total sales upside based on store percentage share, acknowledging that this doesn&#39;t account for location or execution. He notes that not all retailers own cultivation facilities, which could affect wholesale market share.
Additionally, MSOs like Ascend (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aawh#OTC">AAWH</a>), Cresco (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crlbf#OTC">CRLBF</a>), Green Thumb (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTCQX">GTBIF</a>), and MariMed (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/mrmd#OTCQB">MRMD</a>) consistently outperform in other states and might do the same in Ohio, with potential expansions through M&amp;A deals.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39076254/top-ohio-cannabis-companies-analyst-look-at-stocks-with-potential-market-cap-gains">Top Ohio Cannabis Companies: Analyst Look At Stocks With Potential Market Cap Gains</a>
These issues will be among the hot topics at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-generated image.&nbsp;

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AAWH

ACRHF

CRLBF

GTBIF

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VEXTF

The King Of Ohio's Recreational Cannabis Market?  Here's Why Investors Should Follow This Weed Stock

Barclays analyst Matt Miksic maintains Tandem Diabetes Care (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) with a Overweight and raises the price target from $55 to $58.

TNDM

Barclays Maintains Overweight on Tandem Diabetes Care, Raises Price Target to $58

BIVI

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Barclays analyst Ramsey El-Assal maintains TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) with a Equal-Weight and lowers the price target from $7 to $5.

TIXT

Barclays Maintains Equal-Weight on TELUS Intl, Lowers Price Target to $5

Barclays analyst Luke Sergott maintains Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) with a Overweight and lowers the price target from $60 to $55.

TWST

Barclays Maintains Overweight on Twist Bioscience, Lowers Price Target to $55

Barclays analyst Duffy Fischer maintains Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) with a Equal-Weight and raises the price target from $290 to $295.

Barclays Maintains Equal-Weight on Air Products & Chemicals, Raises Price Target to $295

Barclays analyst Julian Mitchell maintains APi Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) with a Overweight and lowers the price target from $44 to $43.

Barclays Maintains Overweight on APi Gr, Lowers Price Target to $43

Barclays analyst Julian Mitchell maintains Vontier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNT#NYSE">VNT</a>) with a Overweight and lowers the price target from $50 to $44.

Barclays Maintains Overweight on Vontier, Lowers Price Target to $44

Barclays analyst Raimo Lenschow maintains Appian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) with a Underweight and lowers the price target from $32 to $29.

APPN

Barclays Maintains Underweight on Appian, Lowers Price Target to $29

Barclays analyst Raimo Lenschow maintains Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) with a Equal-Weight and lowers the price target from $160 to $156.

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