Data Review: U.S. Dispensaries Saw Huge Sales on 420

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Summary

According to cannabis data company Flowhub, 4/20/2022 was the highest U.S. cannabis sales day the team has seen in the past four years. According to data company Jane Technologies, cannabis retailers saw an 11 percent increase in online sales, both in 2021 and 2022. In fact, flower sales saw the lowest increase this 4/20, falling behind pre-roll sales, which increased by 150 percent in the U.S., and concentrate sales, which grew by 155 percent. Jane also reported a 34 percent increase in edible sales and a 43 percent increase in vape sales from 2021 to 2022. According to cannabis data and analytics company Headset, the top-performing 4/20 product in both the U.S. and Canada were cannabis-infused beverages, growing by 176 percent in the States and 110 percent in Canada.

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April 20 is synonymous with the cannabis community, and it should come as no surprise that the famed holiday reaps some of the biggest retail profits for the entire year. 

This year was no different—in fact, it was one of the most profitable years to date, as the average U.S. cannabis dispensary experienced a 148 percent increase in sales compared to the previous four Wednesdays leading up to the holiday. 

Which Cannabis Products Sold on 4/20?

In 2022, there are a seemingly endless variety of options when it comes to cannabis-infused products. That being said, consumers have more of a chance today than ever before to find a product...

Read the full article @ MG Retailer