Akerna says total cannabis sales in Colorado up 35% in week end March 26 - InvestingChannel

Akerna says total cannabis sales in Colorado up 35% in week end March 26

Akerna reported that its data shows medical cannabis sales in Colorado increased 57% over previous weeks in 2020. According to Akerna, in Colorado in the week of March 23-March 26, compared to previous weeks in 2020, total cannabis sales were up 35%; Medical cannabis sales were up 57%; Recreational cannabis sales were up 26%; Flower sales were up 35%; Vape sales were up 66%; and Edible sales were up 43%. “Our data shows continued growth for medical sales with a 57% increase over previous weeks this year. Medical customers are buying 42% more products when shopping. We also see basket sizes increased 36%, which may suggest they are concerned about supply and are taking steps to make sure they have what they need on hand. Overall sales in Colorado are up. Recreational customers made the biggest purchases on Monday, March 23, with an average basket size of $81.29 – up 63% – while also purchasing 123% more products than we see on a normal Monday. Since March 11th, the potential impact of COVID-19 has seen cannabis sales increase by 32% nationwide,” said Ryan Ballman, business intelligence analyst, Akerna.