The compounding effect of the global pandemic and market downturn has thrown a wrench into most retail operations in recent months. While mainstream retail sales have been at all-time lows across the country, legal cannabis sales are still holding strong in several states due to its essential status. Despite being one of the more nascent markets in the country, Michigan has reported a $54.6 million increase in adult-use sales since the beginning of the pandemic and increased the number of licensed retailers in the state by 70% between March 2 and May 12.
While some retailers view Michigan’s recent market performance as a sign to start ramping up growth and production, one Cannabis space innovator has been preparing for this opportune moment since its inception. Gage Cannabis Co., which provides branding and crucial support services to one of the most visible and respected medical licensed operators in the state, is taking the recent economic downturn in stride and forging ahead with its plan to service 90% of Michigan’s population by servicing nine new Gage branded dispensaries in addition to its existing four locations by the end of the year.
To read the rest of the story, click on https://www.forbes.com/sites/warrenbobrow/2020/06/29/gage-cannabis-momentum-shows-few-signs-of-slowing-down-despite-unprecedented-market-uncertainty/#1a2dc3e07d0d