Legal Cannabis Sales Shot Up To $17.5 Billion During The Pandemic
The year of 2020 saw extraordinarily strong sales of legal cannabis
Shortly after Nevada officials announced that licensed cannabis stores and medical dispensaries could reopen after lockdown, Nicolas MacLean said cars were lined up for five blocks waiting for curbside pickup.
Like many industries in Las Vegas, the cannabis industry used to rely on tourists for sales, but that changed when the pandemic hit, MacLean, who serves as the CEO of Las Vegas-based cannabis producer Aether Gardens, told The New York Times.
“Locals are very discerning — they want something they aren’t going to find on the black market,” MacLean said. “Especially when you are stuck at home.”
The year of 2020 saw extraordinarily strong sales of legal cannabis in the US, up 46% from 2019 to a record $17.5 billion, according to cannabinoid market research firm BDSA.
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