Cannabis Sales Slump Persists After Temporary Covid-19 Spike
As we have reported previously, cannabis suppliers in many markets saw a spike in sales, as customers stocked up on weed in preparation for staying at home. With 33 states, Washington, D.C. and Puerto Rico declaring stay-at-home orders due to the virus, people had been seen increasing cannabis purchases, driving sales higher in many markets. But, as reported on MJ Business Daily, that surge in sales came to an end in the final week of March.
While California adult-use cannabis sales are slightly higher than this time last year, Washington state and Colorado are down 12% and 46% respectively. Those figures come a couple of weeks after a spike that saw sales jump as much as 159% higher than last year in the middle of March. Headset, the firm that tracks and supplied the data says the overall sales slump throughout the virus crisis is the longest sustained sales dip they’ve seen to date.