“At the beginning of the COVID-19 pandemic there were a lot of unknowns, not only for the populace writ large but also for states and localities as they tried to figure out what businesses to keep open and what guidelines needed to be implemented to keep workers and consumers safe. Fortunately for the legal cannabis industry and consumers, cannabis dispensaries were deemed essential businesses, allowing them to remain open with some restrictions.
Though dispensaries were allowed to remain open, business did not carry on as usual. With new public health and safety guidelines in place, consumers have been venturing out less often from their homes to make purchases of anything, much less cannabis. As a result, the kinds of cannabis people are buying is changing.
Cannabis Sales During the COVID-19 Pandemic
From the data, one thing is clear: consumers are buying more legal cannabis than ever, and they appear to be stocking up. Here is some data gathered by the folks at CNBC:
Marijuana Sales Trends During COVID:
- According to one cannabis e-commerce platform, dispensary revenue jumped to 52% on the low end and 130% on the upper end
- The same platform also saw new users ordering online increased to 142% …”
Read the full article by Erin Hiatt at PotGuide.com.
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