Examining Holiday Cannabis Sales in the U.S. And Canada
As the temperature chilled and lights went up in yards and streets across the U.S. and Canada, cannabis sales held still or improved in many areas during the first three weeks of the final month. However, there were a few pieces of coal found along the way. During the week of Christmas, cannabis sales in the U.S. dipped by 4.9 percent compared to the previous three weeks. Further north, cannabis sales in Canada dropped by 63 percent from December 21 through December 27. Unfortunately, the downward trend in sales recorded during the week of Christmas extended into the week of New Year’s Eve and New Year’s Day. From December 28 through January 3, U.S. cannabis sales decreased by 12 percent and Canadian cannabis sales fell 65.7 percent compared to the previous three weeks. There are several reasons why cannabis sales dropped in the United States and Canada during the final days of the year. Most notably, many retail locations reduce their hours of operation or close entirely during man...