Recreational marijuana sales in four key markets decelerated in March as the COVID-19 crisis continues to disrupt both the cannabis industry and the broader U.S. economy.
According to point-of-sale data provided by Seattle-based Headset, recreational cannabis sales in Colorado and Nevada declined from March 2019 to March 2020, the first time that monthly adult-use sales in either state reported a year-over-year decrease.
Adult-use cannabis sales in California and Washington state still rose in March 2020 compared to March 2019, but the growth was less than would be expected under normal business conditions.
The declines were most acute in the latter half of March, despite a few notable sales spikes prompted by fears that state officials might force cannabis retailers to shut down.
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