Surge in Demand for Weed Causes Prices to Skyrocket

Cannabis.net

So how has the last year been? For some industries, COVID-19 shattered their businesses but the pandemic was kind to the cannabis industry. All over the United States, sales of legal cannabis jumped 46%, reaching record-breaking sales of $17.5 billion. A majority of the sales were in adult-use markets, particularly Colorado which is among the more mature markets. They saw a 26% increase in growth, resulting in $2.2 billion in sales, while Oregon saw a 29% increase resulting in $1.1 billion in sales, says a cannabis data firm, BDSA Analytics.

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Source : Surge in Demand for Weed Causes Prices to Skyrocket

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