Vape Sales Fall 26% in 2 Months: Why Things Could Get Even Worse
Vaping was supposed to be a segment of the cannabis industry that would generate considerable growth opportunities. Today, however, there are many questions surrounding vaping and the health risks relating to it, which is why many consumers are simply avoiding vape products altogether. And that's not good news for a cannabis industry that already faces many other challenges.
Research companies BDS Analytics and Arcview Market Research released data this month on how vape products have done in the months following the outbreak of lung injuries tied to vaping.
After hitting a peak of $160 million in vape sales in August 2019, in September, sales fell more than 21% to $126 million. In the following month, they would go on to drop another 5% to $119 million.
Source Fool.com
