Cannabis Sales In California Reach $4.4 Billion In 2020: ‘Essential’, Edibles, And The Election

As experts release more data from the year 2020, it shows a silver-lining for the cannabis industry despite challenges including federal prohibition amid a pandemic.

Sales in California hit $4.4 billion last year, up 57% from the year prior, reports MJBizDaily with data from its Industry Factbook. The sales in Oregon have surpassed $1 billion annually for the first year. Massachusetts reached the $700 million mark, even as it saw some of the most strict store closures during lockdown. Illinois surpassed $1 billion in sales in its first year, setting new records every month.

Retail delivery and tech giant Eaze published its 2020 State Of Cannabis Report, breaking down some specifics on where that $4.4 billion may have gone in the state of California. The company looked at the delivery orders of 400,000 consumers in 2020 in the country’s largest legal marketplace.

– Read the entire article at Forbes.

Latest posts