420 with CNW – Coronavirus and Social Distancing Propels Cannabis Market
In March 2020, every other headline seemed to be about the run on toilet paper. But another product was silently being stockpiled in many American homes. Cannabis. Orders for legal cannabis products surged in March in the 33 states where some form of cannabis is legal. The two-week spike was attributed to panic buying by consumers. After a bit of fluctuation, sales began to stabilize at the end of April. However, when those sales numbers stabilized, they were nearly 40% higher than at the same point in 2019. The downturn hasn’t made a dent in demand, according to a recent…