There was a lot of hoarding happening in March, and it wasn't all toilet paper and cleaning supplies. During the first few weeks of the month, cannabis sales were soaring and spiked around the middle of the month as fears heightened that people would be confined to their homes in an effort to fight the coronavirus pandemic.
However, the big bump in sales may prove to be short-lived, and the outlook for the marijuana industry may not be so rosy after all.
In the California, Washington, and Colorado pot markets, same-day cannabis sales were strong for much of the first half of March, according to point-of-sale data from Headset, a cannabis data intelligence firm.