Adult-Use Cannabis Sales Are Slumping as the Reality of Lockdown Hits

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Summary

While recreational weed sales skyrocketed at the beginning of America’s coronavirus pandemic, the initial panic buying and hoarding has since worn off in the nation’s three major marijuana markets.

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Legal marijuana sales broke records two weeks ago, just as the US began to see its first confirmed coronavirus cases. However, recreational cannabis sales figures have started falling in California, Washington State, and Colorado, the nation’s three largest legal weed markets. 

According to data from the weed analytics firm Headset, Colorado saw the largest sales slump over the weekend (from March 27-29), down 47 percent compared to the same weekend in 2019, MJBizDaily...

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