News

The Pandemic Is Eating Away At The Illicit Marijuana Market

Pandemic-frazzled Americans are simply getting stoned more often

The legal marijuana industry has spent years battling illegal sellers who have eaten away at its market share and undercut its prices.

But the coronavirus has proven to be a boon for legal pot shops, as customers fear the risks associated with inhaling questionable products and are nervous about letting sellers into their homes.

Legal operations have moved quickly to take advantage of the situation,seizing onrelaxed rules to expand shopping options in states across the country, including curbside pickups and deliveries.

Also, pandemic-frazzled Americans are simply getting stoned more often.

“It’s understandable that people may be more hesitant to get their products from sources that are unregulated,” said Kris Krane, CEO of 4Front Ventures, which operates dispensaries in multiple states. “They may not want to go to their dealer’s house, or they may not want to have their dealer come into their house, at a time when people are social distancing and not supposed to be interacting with people that they don’t know.”

In addition, cities that never allowed pot shops in their towns, even in states where marijuana is legal, are rethinking the local bans in search of fresh tax revenue. And more people than ever are registered as medical marijuana patients: Florida added nearly 5,000 patients a week in June, and more than 50,000 since March.

To Read The Rest Of This Article On Politico, Click Here

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

To Top