Covid-19 Pandemic Is Contributing Greatly To Make 2020 A Record Year For Cannabis Sales

Even as the COVID-19 pandemic has wrecked havoc among a wide range of industries globally, it appears that cannabis is excluded from the casualties. An industry white paper last week informed that the growth of cannabis’s 2020 industry is currently over-taking that of 2019. Recruitment for cannabis companies as well are experiencing some rebound, and retailers are actually buying more products from companies than they had been before the pandemic.

The white paper, The State of the Cannabis Industry:2020 is available as a free download now. It was launched as a common collaboration between LeafLink, Vangst, and FlowHub. If none of the companies are familiar to you, LeafLink is a marketplace for wholesale of cannabis and supplied insights from transactions between retailers and brands.

Flowhub specializes in cannabis retail management for modern dispensaries and extended a dispensary sales perspective for the paper, and Vangst is a human capital resource platform for the legal cannabis industry, and offered guidance from a hiring outlook. The white paper displays that in march, there was a two-week spike in cannabis sales, sometime when the United States began to react to COVID-19 and home-quarantine orders kicked into place. A sufficient amount of that spike in sales is likely as a result of customers panicking, uncertain when next they would be able to access the dispensary.

A slight decline followed that two-week spike, possibly caused by the sale customers who eventually realized that dispensaries would be considered vital (and the requirement to use up the already acquired product).

Later, there was a period of recovery including a couple more spikes which led up to 4/20, when sales gained stability, however they stabilized at a volume notably higher than they were in 2019, to the tune of a 40% increase on average. That’s a large leap. The entire white paper is a worthy read, but gestures to a stronger cannabis industry as a whole as the economy begins movement once more and states start opening up.

Other than its current use, researches are also regarding cannabis as a possible way to cure and probably prevent COVID-19. The researchers, Olga and Igor Kovalchuck have apparently been cultivating and examining a novel cannabis strain for years, except the goal was to create a strain that assists in the battle against cancer and inflammation.

When the pandemic struck, the duo shifted their focus and set efforts on how the strain could be implemented to help fight COVID-19. That study was published in April, and states that cannabis, particularly a particular

strain of cannabis, could likely prevent COVID-19 from being able to infiltrate the body of a person at all.

Of course, it is still a mere theory, but if proven could likely put cannabis at the center of the search for a COVID-19 treatment and cure. Regardless of if it ends up being an escape route from the COVID-19 pandemic or not, it appears that cannabis has become a coping mechanism for man.

+ posts

Ad

ads

It's Martin Luther King Day, and as we remember his legacy we also honor his bravery! "We have a moral responsibility to disobey unjust laws." We cannot just stand around as people willingly write us out of our birth rights! The fight is far from over, and Black Cannabis will continue to fight for those that have never been given a fair chance!

#martinlutherkingjr #martinlutherkingjrday #blackcannabis #blackpeoplefights #socialjusticeactivist #socialjusticematters #themoreact #bethechangeyouwanttosee
...

110 13

GIVEAWAY ALERT!!!
Everyone in the Houston, Texas area will not want to miss out on this event with @highly_hungry !!!

Must Follow @_Blackcannabis and @highly_hungry and repost the flyer to your stories to enter the giveaway!

For extra entries support the amazing local food of highly hungry! Winner will be chosen on 1/30!

#infusedfood #houstoneats #blackcannabis #blackchefs #infusedfoodporn #infusedparties #masqueradeball #highparties #texaschefs #blackownedeateries #blackcannabisbusinessowners #Txinfusedfood #weedmasquerade
...

103 7

The Black Cannabis Show is extremely excited to welcome @thedankduchess . We are talking a true lady boss in the industry with many roles, you don't want to miss all the magic she has to share!

Tune in Tomorrow at 9pm est with the voice of Black Cannabis @trenton_365 on our Facebook, our website black-cannabis.com

#blackcannabis #blackcannabisbusinessowners #skunkmagazine #mushroomtherapy #womenincannabisindustry #blackcannabisshow #weedculture #womeninweedbusiness
...

245 34

Black Cannabis is here to change the narrative that has been pushed on the plant! 🌱 We know the value of Cannabis, and are here to highlight those that have been negatively affected by war on drugs.

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

128 8

Black Cannabis is more than a company it is a lifestyle. As a brand we do not just concentrate on media, but the community! This is not just a business but a way of life for those involved. We concentrate on passion over profit, and we hope our efforts show!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

96 3

As minorities we know we have been given a very small amount of opportunity in this billion dollar space. We will not be forced out of the industry! We know how important it is to be represented, and have our voices heard. We will make sure we continue to do so in all our efforts, so none of our value is missed.

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

101 5

Black Cannabis is not the normal media company. We are a small business making sure we engage with all we can! We are building a family, and a network of people that will be able to provide a better future for minorities in this industry!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

117 4

Black Cannabis will not be bought or sold! We know that money is about vibration, and we are here to keep everything we do in sync with our highest purpose! To lift our community! There is no amount of money that can buy our worth, and we will continue to bring value!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

230 33

Black Cannabis will not be ignored! Time and time again we have seen those willing to speak up bee silenced! We will continue to fight for the rights of those that have not had the opportunity to do so. We will continue to highlight those that have not been given the accolades they deserve. We will be seen!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

89 2

Black Cannabis are rebels with a cause! ✊🏾 We are not moving the same way things have been done in the past. We know you must break the mold to make a difference. We are not looking for validation, because we know we are valid.

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

76 0

Black Cannabis is pushing the needle forward! We continue to be progressive in all our endeavors. We have a greater vision for what the cannabis industry will be in the future and will make sure that we are apart of not only the conversation, but the narrative!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

68 0

Black Cannabis is the change the cannabis industry needs! We have so much to come and this is just the beginning! What we will accomplish is nothing that’s been done in this space!

The Black Cannabis Magazine is now available on the website! (Link in bio) We thank everyone that was apart if this project and will continue to uplift our people through providing opportunities and a safe space for them to be highlighted.

Please tag the faces you see, and we will add them to the post!

#blackcannabismagazine #blackcannabis #supportsmallbussinesses #cannabismedia #Weednews #blackownedmedia #vetownedmedia #vetsforcannabis #Weedwarriors #weedmagazine #Highmedia #educatedstoners #minoritiesinmarajuana #womeninweed #minoritiesincannabis
...

65 1