Article Image

IPFS News Link • Drugs and Medications

Pot Use Reaches All-Time High In March

• https://www.zerohedge.com, Tyler Durden

Apparently, ripping bongs and eating edibles hit an all-time high in March as lockdowns across the country were only in the beginning stages, according to Bloomberg, citing a consumer report via Cowen & Co.The survey, conducted in March of 2,500 consumers, found about 33% had tried smoking pot, a record high, and that 12.8% had used cannabis within the past month compared to the 2019 average of 12.5%

Sales spiked in mid-March as people rushed to stock up ahead of potential dispensary closures, Cowen said, using data from cannabis analytics firm Headset Inc. Weekly sales growth peaked at 64% in the week ended March 16, the highest rate of increase since at least the beginning of 2019.

However, sales decelerated during the last two weeks of the month to the mid- to the high-single-digit range. This may be linked to a "more pronounced deterioration in job security for past-month cannabis consumers relative to the general population," according to analysts led by Vivien Azer.


www.BlackMarketFridays.com