- Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic.
- The latest drops underscore that the coronavirus pandemic has thrust the cannabis industry into uncharted waters, including the growing likelihood of a painful recession .
- As with any retail sector, Fonseca said, there is a J curve in the cannabis industry in which an initial loss is followed by exponential growth, as the data has shown in recent weeks.
Read full article: mjbizdaily.com