There is an exception to the trend: Nevada, where marijuana retailers have apparently been hurt by an abrupt drop in foot traffic. On Tuesday, it reported that marijuana inventory levels had declined in most states because consumers were purchasing at higher rates than usual. Millions of Americans are confined to their homes due to the COVID-19 pandemic, and that has apparently been good for the cannabis industry. Liz Connors, director of analytics at Headset, told the New York Times that marijuana sales spiked by more than 150% after a stay-at-home order was issued for residents in the San Francisco bay area. Nevada marijuana retailers now have enough inventory to last 13.8 weeks, nearly double what they had before the pandemic, according to Headset’s data.
Millions of Americans are confined to their homes due to the COVID-19 pandemic, and that has apparently been good for the cannabis industry.
Headset, a cannabis market research company, has been monitoring how the outbreak has affected marijuana businesses around the world. On Tuesday, it reported that marijuana inventory levels had declined in most states because consumers were purchasing at higher rates than usual. In California,...
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