Panic Buying May Not Save the Weed Industry, After All

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Summary

While the legal marijuana industry was recently riding high on record-breaking sales amid the coronavirus pandemic, the reality may end up being much more sobering.

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The regulated marijuana industry recently experienced record-breaking sales while everyone stocked up weed, but the heady hoarding triggered by COVID-19 lockdowns may not be enough to save pot businesses from a potential economic recession.

Already, sales figures have slumped back down to their typical year-over-year numbers in some weed-legal states. According to data from the weed analytics firm Headset, sales spiked from...

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