Cannabis Sales In California Reach $4.4 Billion In 2020QwikLeaf News Editor
As experts release more data from the year 2020, it shows a silver-lining for the cannabis industry despite challenges including federal prohibition amid a pandemic.
Sales in California hit $4.4 billion last year, up 57% from the year prior, reports with data from Industry Factbooks. Sales in Oregon have surpassed $1 billion annually for the first year. Massachusetts reached the $700 million mark, even as it saw some of the most strict store closures during lockdown. Illinois surpassed $1 billion in sales in its first year, setting new records every month.
The Election saw spikes in cannabis consumption. On November 3, 2020, consumers ordered 12% more product over an average Tuesday. California saw a 17% increase in deliveries statewide and an 18% increase in Los Angeles.