Recreational cannabis retailers’ sales surge during coronavirus pandemic

by Newsfeed

Recreational marijuana retailers throughout several markets in the U.S. saw a dramatic spike in sales in recent days, according to new data, an unambiguous sign that the coronavirus pandemic is prompting consumers to stock up on products.

The run on cannabis stores may come from the fear that marijuana shops will be closed indefinitely, similar to measures taken in several states to shutter bars and restaurants.

According to point-of-sale data provided by Seattle-based Headset, daily sales in California spiked 159% on Monday over same-day sales in 2019. Colorado and Washington state also reported significant spikes, as shown in the chart above.

Year-over-year growth continues

Sales in 2020 have outpaced those of 2019 across all recreational marijuana markets. This is a fundamental…

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