Between March 16 and March 22, sales of recreational cannabis across key U.S. markets, including California, Colorado, Oregon and Alaska, were up 50% and medical marijuana sales rose 41% from the same period last year, figures obtained from cannabis point of sale and data platform Flowhub show. Several
- Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.
While many businesses have been ordered shut, cannabis stores have been listed as essential services and allowed to remain open. Fears of months of supply disruptions were boosting Canadian sales, Stuart Titus, CEO of California-based Medical Marijuana Inc told Reuters.The surge in demand may offer pot producers a welcome respite after investors sold off cannabis stocks throughout much of last year as profits in the sector remained elusive.
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