There has been a profound shift in business and consumer behaviour all over the world as a result of the pandemic. It has brought enormous growth to some industries and razed others. However, what it has done for the US cannabis industry is astounding. The demand for cheap weed in the US has skyrocketed by 67% in 2020 alone, with legal sales at 17.6 billion dollars, according to the National Cannabis Industry Association.
As of March 2021, 14 states have legalised cannabis nationwide, and 36 allow medical sales. As a result, restrictions have been lifted on cheap weed. Nebraska and Idaho are the only states that do not allow the possession of weed. As a result, if you’re an American living in California, your stash will arrive almost as fast as you ordered pizza.
When cannabis has been sold in government-regulated dispensaries in the US, ease of access has been a big part of its consumption. Last year, these businesses were considered essential when countries went on lockdown, leading to a demand increase. Early trends saw consumers stock up on cannabis in a panic, but since then, consumption has only increased.
By 2026, marijuana dispensaries are expected to generate annual sales of $41 billion, according to a report released by the BDSA, a market research and solution provider for the cannabis community. In addition to sales, what has changed in the industry? A couple of things. The first is a shift from inhalable to edible products due to an increased risk of respiratory problems.
The most popular category among young people and older is edibles, followed by flowers and vapes. The second is that home delivery options have grown in popularity—a part of the cannabis supply chain that has not been given much attention. As a result of the pandemic year, home delivery, online ordering, and curbside pickups continued to win popularity.