The coronavirus was beneficial to some industries while being detrimental to others. 2020 was a watershed moment for cannabis. According to a recent survey, legal sales in the United States—14 states allow adult use, 36 allow medical sales—reached a total of $17.5 billion, a 46 % rise from 2019.
“U.S. Cannabis Sales Hit Record $17.5 Billion As Americans Consume More Marijuana Than Ever Before. The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year.” [1]
According to Nielsen, several factors contributed to the industry’s growth last year: the Covid-19 pandemic (many states designated pharmacies as “key businesses” during lockdown); more consumers joined mature markets such as California, Colorado, and Oregon; and states such as Illinois and Arizona developed new adult-use markets.
Another easy factor driving the industry’s growth is that so many people consume cannabis more than ever before. Approximately 30% of consumers polled by BDSA said they shop for cannabis products more often, and 25% said their cannabis use has risen since well before the pandemic.
Increased Sales By 26 % to $2.2 Billion
As per a report published by BDSA, a cannabis sales data platform, the majority of the sales growth came from adult-use markets, especially established markets like Colorado, which increased sales by 26 % to $2.2 billion, and Oregon, which saw sales reach…
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The coronavirus was beneficial to some industries while being detrimental to others. 2020 was a watershed moment for cannabis. According to a recent survey, legal sales in the United States—14 states allow adult use, 36 allow medical sales—reached a total of $17.5 billion, a 46 % rise from 2019.
“U.S. Cannabis Sales Hit Record $17.5 Billion As Americans Consume More Marijuana Than Ever Before. The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year.” [1]
According to Nielsen, several factors contributed to the industry’s growth last year: the Covid-19 pandemic (many states designated pharmacies as “key businesses” during lockdown); more consumers joined mature markets such as California, Colorado, and Oregon; and states such as Illinois and Arizona developed new adult-use markets.
Another easy factor driving the industry’s growth is that so many people consume cannabis more than ever before. Approximately 30% of consumers polled by BDSA said they shop for cannabis products more often, and 25% said their cannabis use has risen since well before the pandemic.
Increased Sales By 26 % to $2.2 Billion
As per a report published by BDSA, a cannabis sales data platform, the majority of the sales growth came from adult-use markets, especially established markets like Colorado, which increased sales by 26 % to $2.2 billion, and Oregon, which saw sales reach…
