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LAST MONTH OF PRE-PANDEMIC SALES BETTER THAN IT LOOKED

In the last month before COVID changed everything, February’s REC sales fell to $149.9M from the previous month’s $154.1M. Worth noting: that 2.7% decline actually represented a 7.7% increase when adjusted for February’s fewer days per month.
MJ Biz Daily, Twitter–@ProfMJArmstrong

How did the pandemic affect 4/20 sales? Retail POS-software platform Cova produced an infographic showing US sales were down 50% or more on 4/20, and Canadian sales trailed behind them.
Cova

CIBC Capital Markets lowered its 2020 REC sales forecast by nearly $1B, predicting $2.5B in sales rather than its earlier $3.4B estimate.
MJ Biz Daily

Most consumers under 40 are likely to buy REC through legal channels, while older consumers tend to continue buying illegally. In both legal and underground markets, loose flower predominates (slightly more popular on legacy market, while the legal market offers more pre-rolled joints). Shoppers spend about the same amounts in either market.
Cannabis Retailer