Previous data showed a weed sales bump coincided with the coronavirus pandemic unfolding in late March, as cannabis users stockpiled products in fear of dispensaries closing. More recent data elicits a new trend — using stimulus checks to celebrate 4/20.
Cannabis intelligence firms have reported an unusual boost in sales for April 15, the first day U.S. citizens could receive stimulus checks, accounting for normal spending increases around 4/20.
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With businesses around the country shuttered and millions of Americans out of work because of the coronavirus pandemic, the U.S. is facing its gravest economic crisis since the Great Depression.
Below are 10 tips cannabis businesses should follow when facing an economic downturn.
This list is not necessarily unique to cannabis businesses.
But in an industry that’s already subject to greater federal, state and local scrutiny, these concepts can serve as a guide for those seeking to relieve their financial stress.
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Eight Cannabis Leaders Discuss Emerging Trends In The Industry Going Forward: 2020.
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The U.S. House of Representatives late Friday passed a $3 trillion coronavirus stimulus bill that includes a provision that would allow banks to serve state-legal marijuana businesses without fear of punishment.
The bill passed along partisan lines by a 208-199 margin, and now heads to the Senate where it faces fierce Republican resistance.
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Maryland’s medical cannabis market remains one of the strongest in the United States, with the robust sales and patient increases of 2019 persisting into a tumultuous 2020.
Sales in Maryland hit $252 million in 2019, up from $109 million in 2018.
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While the COVID-19 pandemic continues to dampen adult-use marijuana sales in most U.S. markets, Washington state experienced its strongest month of cannabis sales yet – highlighting the diversity of legal markets.
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The coronavirus pandemic forced marijuana companies to be creative in getting the word out during this year’s 4/20 sales event.
With limited to no in-store sales capabilities, businesses leaned on web-based solutions, including social media, videoconferencing and email marketing to reach consumers about the unofficial April 20 cannabis holiday.
Marijuana Business Daily surveyed several cannabis businesses to find out what they have learned about marketing during the COVID-19.
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ESPN recently published a great informative article on how pro sports leagues have adapted cannabis policies in recent years.
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The coronavirus crisis could be igniting a revolution of sorts in the legal cannabis industry.
Thirty-three states across the U.S. allow for some form of sale and consumption of marijuana. And of those, more than 20 states have designated the cannabis industry as essential during the coronavirus outbreak.
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As cannabis gains legal status across North America, retailers should expect increasingly saturated markets. Staying competitive is essential.
Here are five, very doable ways cannabis retailers can differentiate themselves in a crowded market.
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