Cannabis And Inflation: Cannabis Demand Sees Nominal Impact By Surge In U.S. Inflation

Inflation is having only a nominal impact on retail cannabis demand
While states have experienced a decrease in demand, this decline is simply the returning to pre-pandemic consumption levels
Cannabis demand has remained consistent and predictable during this period of increased inflation
Data reflects this, both in dispensary visits and per transaction spends
This strong demand is not surprising, and is similar to the resiliency of cannabis demand in a recession
Cannabis sales declines in the U.S. can be explained by two factors:
A general return to the workplace
Cannabis product price deflation

– Read the entire article at Benzinga.

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