Recreational Pot Sales in Bellwether States Tumble After a COVID-19 Buying Peak
A brief surge in recreational marijuana sales seems to be falling off sharply. Data compiled by consultancy firm Headset and reported by Marijuana Business Daily indicates that sales in the category fell on a year-over-year basis in both Washington State and Colorado on the last day recorded for March. California registered an increase on the last day tracked, but this was only 9%.
That's low when compared with levels seen in all three states in the middle of the month, when many stay-at-home mandates were imposed in order to mitigate the spread of the coronavirus. On one particular day during that period, California sales rose 159% against the same day in 2019, while Washington's increased by 100%, and Colorado saw a 46% gain.
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Source Fool.com
