Cannabis vape companies are experiencing a sales boom during the pandemic

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Summary

Supply chain issues are partly to blame, and cannabis products are not alone in facing short supply. Canopy Growth’s marquee vaporizer company Storz & Bickel is also experiencing increased customer support issues. He hopes state and federal governments are looking at the fiscal benefits of a nationwide legal cannabis market. The financial report pointed to Storz & Bickel’s increased sales and distribution expansion as a primary reason for the increase. Lytwynec points to Storz & Bickle as a barometer of sorts in judging the impact of COVID-19.

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The global pandemic is driving interest toward cannabis, and device makers are recording record sales. From startups to major players, several leading manufacturers told TechCrunch that their companies are seeing a boom in sales since the start of the crisis. Coupled with supply constraints, consumers are now seeing limited supply on some top models as makers try to keep up.

Some company CEOs see the pandemic driving consumer acceptance and pushing legalization at the national level. With legalization, new consumers enter the market, and companies such as Canopy Growth, PAX and Grenco Science look to benefit as makers of some of the best vaporizers...

Read the full article @ Techcrunch