For much of the past half-decade, marijuana has been one of the fastest-growing industries. After generating $3.4 billion in worldwide sales in 2014, global weed sales more than tripled to $10.9 billion by 2018. According to various Wall Street estimates, worldwide pot sales should hit $50 billion on an annual basis by 2030, with North America generating the bulk of this revenue.
onavirus has torched the traditional 420 playbook for America’s tens of millions of legal cannabis consumers and the thousands of stores that rely on them.
Whether you’re a casual weed smoker or someone who smokes on a daily basis, the time is guaranteed to come when you find yourself bored out of your mind and want to do something new or experience something you do regularly, but in a different way.
Effective Friday, Los Angeles residents must wear a mask, bandanna or other type of covering over their noses and mouths when in grocery stores and other essential businesses under an order from Mayor Eric Garcetti. Workers at many businesses must also cover their faces.
CDC recommends wearing cloth face coverings in public settings where other social distancing measures are difficult to maintain (e.g., grocery stores and pharmacies), especially in areas of significant community-based transmission.
We’re considered an ‘essential service,’” 30-year-old “budtender” Jane (a pseudonym, which I’ve used for all respondents identified by name in this story) said, “which is a mixed blessing because I have to pay for my divorce and rent but I’m immunocompromised
“If Colorado can raise +$300 million from recreational and medical marijuana sales in a year, New York can certainly earn over $1 billion as long as the state taxes and regulates adult-use sales reasonably,” said Rabe, who noted that Colorado’s approach has yielded better results than California, which has missed revenue projections.
The continuing pandemic of the COVID-19 coronavirus has sparked panic buying in countries around the globe, leading to shortages of toilet paper, cleaning supplies, and some grocery items. Cannabis retailers have also seen a spike in sales, with long lines of customers eager to stock up on their favorite flower, concentrates, and edibles in several cities.