A $3.4B cannabis mega-deal, marijuana firms prep for huge 4/20 sales, Alaska trade group helps keep
- KahliBuds.com
- Apr 19, 2019
- 1 min read
Marijuana firms prepare for potentially huge 4/20
This year marks the first time since state legalization that April 20 – the unofficial marijuana
– falls on a Saturday, so retailers in markets with legal adult-use cannabis are
for what could prove a record-setting weekend.
MJBizDaily takeaway:
4/20 sales set a high bar last year at $26.6 million in California, Colorado, Nevada and Washington state, according to Headset, a Seattle-based data analytics firm that specializes in cannabis.
Colorado’s sales growth on 4/20 outpaced others, with a whopping 128% spike.
By contrast, California – where consumers have griped about high prices for retail cannabis – had lower sales growth at 103%, which some industry analysts blame in large part on the thriving illicit market. But
, which regulators now allow, could be a game changer that causes sales growth in the Golden State to surpass other adult-use markets.
April 19, 2019 at 06:32AM Laura Hamilton 420GrowLife, April 19, 2019 at 07:45AM
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