Since the corona crisis has paralyzed life in the United States, cannabis sales on some days have almost doubled. On March 16, around 90% more marijuana was sold in California than in the previous months. Cannabis companies reported sales increase on 22 out of 26 days in March compared to the previous months – as shown in a new infographic by Kryptoszene.de.
The demand increased in particular in the second week of March. According to the infographic, the online retailer “Weedmaps” had reported that 66% more customers picked up cannabis products than in the previous week. In particular, the proportion of women among cannabis buyers has increased since the spread of coronavirus.
Meanwhile, buying behavior varies by generation. The proportion of marijuana purchases among baby boomers has even decreased by 2.1%. On the other side, the youngest Generation Z, born between 1997 and 2012, has seen the biggest increase of all generations – 42.1%.
“Although the coronavirus is fueling the demand for cannabis, listed corporations in the industry don’t seem to be benefiting yet,” said Kryptoszene analyst Raphael Lulay. “Some of them have suffered price losses. One possible reason for this – overproduction. The companies still store tons of cannabis unused.”
Here is the full story with the infographic, facts and more statistics.