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Home Recreational Marijuana News Cannabis Sales Expected To Hit $370M In Days Leading Up To 420
Cannabis Sales Expected To Hit $370M In Days Leading Up To 420
Submitted by Marijuana News on Thu, 04/15/2021 - 10:11
According to a new report, sales will be higher among males than females, while customers between the age of 30 to 40-years-old will be the most interested in purchasing cannabis products.
Cannabis software firm Akerna Corp (NASDAQ:KERN) expects national cannabis retail sales to reach $95 million on 4/20, the unofficial marijuana holiday. That’s according to a new Flash Report out of the Denver-based company.
Akerna says the top-selling product category on Tuesday, April 20, will be flower, accounting for 49% of all legal sales. To put this into perspective: flower has claimed 45% of all legal cannabis sales daily in 2021.
. Photo by Jp Valery via Unsplash Vape pens and cartridges will be the second most popular product among the customers on 4/20, the firm anticipates.
In addition, concentrates and infused edibles are expected to account for 11% and 8% of all cannabis sales, respectively.
The average order total will be roughly $10 higher than usual, with each customer spending $105 on average, versus the $93.48 2021 average.