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The U.S. cannabis industry is one of the shining lights of the domestic economy. As many other industries have suffered due to the ongoing COVID-19 pandemic, legal cannabis continues its path of strong economic growth.
BDSA has expanded its cannabis retail sales tracking coverage to include Canada through a new strategic licensing agreement with Hifyre, Inc., a wholly-owned subsidiary of Fire & Flower Holdings Corp.
Saage Insights recently published its “2021 Cannabis Trends Brief,” which points to pandemic-related hardship, heightened awareness of social justice struggles, and other issues impacting the cannabis industry.
Stephanie Daley, VP of market expansion, Wana Brands, Boulder, CO, recently spoke to Cannabis Products about what the company looks for when it considers expanding, building connections with manufacturing partners, and its recent moves into Illinois and Missouri.
Recreational cannabis sales will drive global legal market growth by 376 percent over the next five years, outpacing medical and CBD, according to global market research company Euromonitor International’s new cannabis database.
The disruptive COVID-19 pandemic has wreaked havoc on the U.S. retail market. Nevertheless, cannabis has persevered. Most U.S. states with a legal cannabis industry—medical or recreational—quickly deemed cannabis retailers essential businesses, allowing them to operate during even the darkest days of the pandemic.