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Cannabis Native Gen Z Overtakes Baby Boomer Market Share in 2021
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Michigan Marijuana Sales Hit $115 4M In March
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This ain t your grandpa s weed. As Michigan s legal marijuana industry continues to blossom, dispensaries are offering an eclectic array of products, from meticulously grown flowers to delicious edibles and potent tinctures. Recreational and medical marijuana sales in the state hit a record $115.4 million in March, a more than two-fold increase over March 2020, according to Headset, a company that analyzes cannabis consumer trends. There were 1.4 million transactions in March. In 2020, the first full year of legal recreational sales, dispensaries rang up more than $500 million in purchases. Michigan s cannabis market is still growing, Cooper Ashley, a data analyst at Headset, tells
Metro Times. It flattened out a bit in late 2020 but appears to be trending up again.
Market response to cannabs pre-rolls exceeded expectations in 2020.
Undeterred by the coronavirus pandemic, sales increased nearly 50% across California, Colorado, Nevada, Oregon and Washington, according to Marijuana Business Daily citing data from Headset and LeafLink. The sector became the second-fastest growing cannabis item, only behind flower (54%).
Operators say that they expect pre-rolls to continue to perform well in 2021, in line with the rest of the market.
Record Highs
LeafLink noted a market share increase from 6.2% to 7.5% for pre-rolls last year.
Alex Feldman, LeafLink general manager of insights and marketing services, stated that if 2020 is any indication of seasonal performance, then a slight spring dip could give way to a “potentially large increase” during the fall as post-harvest supplies arrive.
Martket response to cannabs pre-rolls exceeded expectations in 2020.
Undeterred by the coronavirus pandemic, sales increased nearly 50% across California, Colorado, Nevada, Oregon and Washington, according to Marijuana Business Daily citing data from Headset and LeafLink. The sector became the second-fastest growing cannabis item, only behind flower (54%).
Operators say that they expect pre-rolls to continue to perform well in 2021, in line with the rest of the market.
Record Highs
LeafLink noted a market share increase from 6.2% to 7.5% for pre-rolls last year.
Alex Feldman, LeafLink general manager of insights and marketing services, stated that if 2020 is any indication of seasonal performance, then a slight spring dip could give way to a potentially large increase during the fall as post-harvest supplies arrive.
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