The pandemic had little impact on Canada’s legal cannabis sales - via TheGrowthOp cannabisindustry CannabisCommunity cannabisculture Cannabis
Although it’s a compelling anecdote, our new research found that the growth in cannabis sales was more likely from industry expansion, rather than the pandemic.The number of licensed stores grew rapidly after Canada legalized recreational cannabis in October 2018. There were barely more than 100 stores open that first month, but by March 2019, that number had doubled, and by February 2021 the total had reached 1,500.
Surprisingly, we found no sign of a sustained sales jump after the pandemic hit in March 2020. Many stores were frantically busy for a few days as people stocked up before lockdowns began, but those brief surges apparently were counterbalanced by quieter days afterwards. Instead, we detected a small sales drop in January 2020 that presumably came from consumers trimming their post-holiday spending.
The lack of sustained pandemic effects on sales also matters to cannabis businesses. The pandemic surely increased producers’ operating complexity and costs, but we can’t blame it for lacklustre revenues.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Little Italy’s Alleva Dairy faces closure due to pandemicAlleva Dairy, the oldest cheese store in the US, could close because of $509,106 worth of rent it failed to pay during the COVID-19 pandemic.
Leer más »
Fuego, a midtown Mobile favorite, announces it’s closingOperators of upscale Mexican restaurant say pandemic, economy hurt business
Leer más »
He’s a pandemic pundit on TV. Now he’s Biden’s new coronavirus czar.Brown University’s Ashish Jha faces a real-world test of his pithy TV advice: If the government fails to secure enough vaccines and tests, forcing Americans into long waits, it’s his problem.
Leer más »
Crowds turn out for 33rd annual strawberry festivalAfter a two-year pandemic hiatus, the Baldwin County Strawberry Festival has returned.
Leer más »
Hadas Fruchter Is a New Kind of Orthodox Jewish LeaderGrowing up as an Orthodox Jewish woman, Hadas Fruchter thought the only way to help lead her community was to marry a rabbi. Today she is the ordained “rabbanit” of a pioneering Philadelphia congregation.
Leer más »