Despite Economic Turbulence, Cannabis Sales Continue to Be Strong

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Summary

One industry that seems to have escaped with little economic damage has been the legal cannabis industry. These figures are the latest to prove that legal cannabis sales have nowhere to go but up. They expect that combined adult use and medical cannabis sales could top $30 billion annually by the year 2024. Though as the dust settles, there is data that suggests cannabis sales have increased over the last few months. Cannabis Sales Continue to Rise Consumer spending in much of the U.S. economy has dropped drastically since the pandemic induced lockdowns began.

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When most states began shutdowns ranging from minor to severe in mid-March, drastic economic disruption was all but guaranteed. Many people were forced to work from home and a large group of Americans lost their jobs altogether. Few industries have been left unaffected by the pandemic and its associated shutdown measures. One industry that seems to have escaped with little economic damage has been the legal cannabis industry. The Marijuana Business Factbook predicts that total legal marijuana sales in the United States will jump nearly...

Read the full article @ Medical Marijuana 411