Though hashish companies have been deemed important throughout many states throughout the COVID-19 pandemic, the worldwide disaster nonetheless affected the business. Now, because the pandemic is seemingly coming beneath management and issues are slowly beginning to get again to regular, we will count on to see modifications in market tendencies as nicely.
Cantor Fitzgerald’s Pablo Zuanic checked out these tendencies within the state of Nevada the place adult-use hashish was legalized in 2017 and gross sales started in July of that yr. In 1998 and 2000, a pair of poll measures legalized medical marijuana.
Document Gross sales, Excessive Annual Revenues Per Retailer
Hashish gross sales hit document highs in March of this yr, $97 million, with extra development anticipated as vacationer actions start to choose up, Zuanic famous, although he identified that customer volumes are nonetheless round 30% decrease than April 2019 ranges.
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