Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2024
0mins
Should l Buy CL?
Source: Benzinga
Growing Cannabis Market: Recreational cannabis sales are increasing across the U.S., with California and Michigan leading at $2.1 billion and $1.6 billion in sales for the first half of 2024, while Michigan has recently surpassed California in unit sales for the first time.
Key Developments: Notable events include Snoop Dogg opening his first licensed cannabis store near LAX, and Illinois reporting $851 million in legal marijuana sales, alongside Massachusetts and Missouri showing significant sales figures as well.
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Analyst Views on CL
Wall Street analysts forecast CL stock price to fall
15 Analyst Rating
10 Buy
4 Hold
1 Sell
Moderate Buy
Current: 96.170
Low
77.00
Averages
87.79
High
95.00
Current: 96.170
Low
77.00
Averages
87.79
High
95.00
About CL
Colgate-Palmolive Company is a growth company. It is focused on Oral Care, Personal Care, Home Care and Pet Nutrition, it sells its products under brands, such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring, Lady Speed Stick, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Murphy, Soupline and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. Its Oral, Personal and Home Care product segment is managed geographically in five segments, such as North America, Latin America, Europe, Asia Pacific and Africa/Eurasia, all of which sell primarily to a variety of traditional and e-commerce retailers, wholesalers, distributors, dentists and skin health professionals. Its Pet Nutrition products include specialty pet nutrition products manufactured and marketed by Hill's Pet Nutrition. The customers for Pet Nutrition products are authorized pet supply retailers, veterinarians and e-commerce retailers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Patience: Investors focusing on reliable dividend payers have needed to be patient recently.
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- Stable Dividend Returns: Major holdings in the ETF include Dividend Kings like Walmart, Costco, and Coca-Cola, which have raised dividends for 50 consecutive years, ensuring reliable returns for investors in uncertain economic environments.
- Shifting Market Dynamics: As investors pivot from high-growth sectors to value stocks, the consumer staples sector has emerged as one of the best-performing segments in 2026, reflecting a market preference for stable income despite ongoing pressures from reduced consumer spending.
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See More
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- Capital Expenditure Comparison: Google announced an increase in capital expenditures to $175 billion to $185 billion, exceeding the expected $115 billion to $120 billion, indicating a proactive approach in AI despite challenges from slowing ad revenues.
- Changing Competitive Landscape: With Alphabet's ongoing investments and successes in AI, YouTube's user base has grown to 750 million, and Waymo's self-driving business is outpacing Tesla, suggesting a strengthening competitive advantage that may attract more investor interest.
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- Presentation Schedule: Colgate-Palmolive's Chairman and CEO Noel Wallace, along with SVP of Global Growth and Innovation Caroline Chulick, will present at the Consumer Analyst Group of New York Conference on February 20, 2026, at 8:00 AM, outlining the company's future growth strategies.
- Investor Access: Investors can access a live webcast of the presentation and the accompanying slides on Colgate's website, ensuring that all stakeholders stay informed about the company's latest developments.
- Company Vision and Mission: Colgate-Palmolive is committed to reimagining a healthier future for people, pets, and the planet, focusing on Oral Care, Personal Care, Home Care, and Pet Nutrition, with products sold in over 200 countries and territories, showcasing its global market presence.
- Sustainability Achievements: The company has made significant strides in reducing plastic waste, promoting recyclability, and improving children's oral health, with its Colgate Bright Smiles, Bright Futures program reaching approximately two billion children and their families since 1991, highlighting its leadership in sustainability and community well-being.
See More
