Home Uncategorized Cannabis Sales See Boost, Double From Stimulus Checks

Cannabis Sales See Boost, Double From Stimulus Checks

Westword: Colorado’s marijuana dispensaries reported significantly higher sales this week, the same week that many Americans started receiving $1,200 payments that are part of a federal stimulus package to limit the economic impact of coronavirus. Long lines — appearing even longer because of social distancing measures — were spotted at multiple pot shops around Denver on April 14 and 15, and references to stimulus checks and jokes about the feds paying for weed were commonplace in those lines.

$1200 to everyone? Weed sales double the same week leading up to 4/20. The industry may not be getting any literal relief (from Corona or taxes)–but cash to the unemployed is going straight to the vices.

Cannabis sales have been on a roller coaster since the Coronavirus breakout. When shoppers anticipated a shut down (in late March), the people flocked to dispensaries and numbers went through the roof. Then, suddenly–towards the beginning of April–sales hit a near standstill.

Some dispensaries in Denver were seeing under 10 transactions a day and doing 10% of their normal business. Most dispensaries were doing under 50% of their per day average.

Then, last week, when the government checks started to arrive–and people started to run out of weed–sales came back to normal.

There are no tourists in cities like Denver and LA who travelled to celebrate weed on this bizarre 4/20. Today is usually a crazy, triple the business type of day for dispensaries.

While some lines and hysteria can be expected because of dispensaries running sales, the new normal will be somewhere in between.

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