Retailer
Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) reported single-day record sales of $543,000 on April 20. Meanwhile,
Eaze, California s largest marketplace for legal cannabis delivery, announced a 185% surge in deliveries (compared to any other Tuesday in 2021), with an average basket of $200, up 50% from the same day in 2020.
“Cannabis consumers moved to delivery as their preferred way of shopping last year, so we re not surprised to see such a strong 420 in 2021,” said Ro Choy, CEO of Eaze. “Even as daily life begins to return to normal, consumers are staying with the convenience of delivery. It s the future of this industry.”
Debra Borchardt, CEO of Green Market Report, added, “The April 20 holiday is becoming the largest sales day of the year for the industry. Headset reported logging $60,000 in sales per minute, while Planet 13 said it did over half a million sales on Tuesday. Even Ayr Wellness clocked in an amazing $1.2 million day across its stores.
Legalization bids boost outlook for US cannabis industry
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Marijuana investors cheer push to ease federal bank rules, expand legalization
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LOS ANGELES
Uncle Sam gave marijuana lovers more reason to celebrate this week as a bipartisan group of lawmakers in the House of Representatives passed a bill that would make it easier for cannabis companies to do business in states where sales are legal.
The vote on the Secure and Fair Enforcement (SAFE) Banking Act took place a day before April 20 or 4/20 the unofficial holiday that commemorates all things marijuana.
The cannabis industry is making strides in other ways as well. Since the November elections, several states, most recently New Mexico and Virginia, have taken steps to legalize marijuana sales for adult recreational use. Others, including New York, New Jersey and Arizona, have also gone that route. And more states are expected to follow suit.
Idaho Becomes Final State in U.S. to Legalize Hemp
Idaho’s Gov. Brad Little has signed a bill legalizing hemp production.
The battle to legalize industrial hemp in Idaho has finally ended, as the state’s governor signed House Bill 126 into law on April 16.
H.B. 126 legalizes the production, processing, research and transportation of industrial hemp with up to 0.3% tetrahydrocannabinol (THC) in Idaho, as previously reported by
Some argued this, stating that legalizing the sale of hemp products containing up to 0.3% THC could make it more challenging to enforce the state’s cannabis laws. In contrast, others backed legalizing such sales, stating that residents are already driving to nearby states to purchase the products, the news outlet reported.