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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.

Montana Senate Votes to Advance Promising Cannabis Legalization Bill

Montana moved a step closer to implementing its voter-approved recreational marijuana program last week.

On Friday, lawmakers in the Montana Senate passed a bill establishing a framework for the nascent program, including a provision that “would reserve tax revenue from sales for addiction treatment and statewide conservation efforts,” according to the Associated Press.

The bill, which passed the Montana Senate by a vote of 34-16, now heads back to the state House, where lawmakers will vote on the state Senate’s amendments. Lawmakers in the state House passed legislation to implement the new legal pot program earlier this month.

Voters in Montana passed the legalization ballot measure in November, one of four states to pass legal weed proposals in last year’s elections. Shortly after the election, Montana officials announced that they anticipate licenses being available in the fall of this year.

“There’s a lot of work ahead before the first legal sale of non-medical marijuana in Montana, and before the first license is issued,” said Gene Walborn, director of Montana’s Department of Revenue, which is overseeing parts of the new cannabis program. “We look forward to working with the public and all interested parties as we develop guidelines around this new industry to move it forward, while also protecting public safety and raising revenue for the state of Montana.”

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6 Tips For CBD Gummies

1.What are CBD Gummies?

CBD has grown to be the talk of the town in recent years. According to a study, approximately 64 million Americans have tried it in the last 24 months. Among the 64 million Americans, 64% used it as pain relief, 49% used it for coping-up with anxiety, and 42% found it helpful for insomnia. Sunday Scaries CBD gummies come under the list of products that contain Cannabidiol oil. They are edible candies that come in varieties of colors and sizes. They are available in many flavors and offer an easy way to intake Cannabidiol. It is an effective way of marketing it among its users. However, the strength and purity of these gummies vary between different brands. As far as FDA approvals are concerned, it approved a CBD product named Epidiolex. It is helpful for the treatment of epilepsy. Companies developing such products claim that they can help with depression, anxiety, pain. They even help in improving sleep. But there is not strong evidence that CBD gummies work like that. Numerous users have claimed that consuming gummies make you feel relaxed and lend a sense of comfort. It is a non-psychotropic substance because it is devoid of THC. Therefore, the usage of these gummies is increasing daily because of their positive effects. Studies also confirm that consumption of CBD ensures health benefits to the individual.

Here are six tips highlighting the benefits of CBD consumption.

1.1 Can Reduce Anxiety and Depression 

Studies have shown that high consumption of CBD may reduce anxiety and depression. There are two types of receptors present in the human body. The adenosine receptors are responsible for anxiety and uneasiness, while the serotonin receptors are accountable for depression. Cannabidiol interacts with these two receptors to help patients cope-up with anxiety and depression. The lack of efficiency in these two receptors might result in anxiety and depression in an individual. Consuming it helps both the receptors achieve an efficiency of 100 percent, thus reducing anxiety and depression. They can help induce a calm mindset.

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Cannabis Companies In Beast Mode With 420 Sales

420 was predicted to be a huge day for cannabis sales and it certainly didn’t disappoint. Akerna said that by the time Tuesday hit, the daily retail sale of legal cannabis was expected to gross $95 million nationally, bringing total 4/20-related sales to $370 million in the U.S. if Akerna’s data proves accurate.

Planet 13

Nevada-based Planet 13 Holdings Inc.(OTCQB:PLNHF)  a leading vertically-integrated Nevada cannabis company, announces record sales day on April 20, 2021 (“420”). The Company generated $543,000 in single-day sales with gross margins during the month in excess of 50%.

“The demand and acceptance for cannabis is growing across the country, and nowhere is that more evident than in Las Vegas. For tourists returning to Vegas, Planet 13 is synonymous with cannabis and an incredible entertainment experience,” said Larry Scheffler, Co-CEO of Planet 13. “The demand is so overwhelming that even with the many improvements we have made to streamline throughput, we still can’t capture all of the demand. I’m excited for the relaxing of COVID restrictions on May 1st and our expansion which doubles our sales floor and points of sale to handle the unprecedented surge in customer traffic.”

Planet 13 said it is also hiring over 300 workers to staff its Vegas dispensary expansion (doubling points-of-sale/registers to 85) and to staff its new California SuperStore.

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The pandemic created the American cannabis consumer, who’s not going away

During a year that saw hundreds of thousands of American deaths and widespread suffering, so-called vice industries thrived. Whether for mental health needs, self-medication, or pure recreation, the consuming public hoarded alcohol and other substances in an apparent effort to cope with the outbreak and social isolation over the past 12 months. And one of the biggest beneficiaries was the cannabis industry, which saw explosive growth in 2020 that’s expected to continue into the next decade and beyond as an increasing number of states legalize recreational marijuana use.

On weed enthusiasts’ high holiday of 4/20, cannabis analytics and tech provider Akerna projects that legal cannabis sales will cross $95 million on that day alone. Perhaps that’s not surprising on a day that encourages excess. But it’s also representative of a larger trend.

“Americans purchased $18.3 billion in cannabis products over the past calendar year, $7.6 billion more than the $10.7 billion in sales the previous year,” writes the cannabis-focused Leafly in a report compiled from marijuana state tax and revenue records.

Headset and CannaCra
 

Some of that is clearly linked to the increasing number of states that have legalized marijuana, either recreationally or for medical use, in the past few years. New York this year became one of the largest states in the nation to legalize recreational marijuana. Of all 50 states, 48 allow for some form of medical marijuana; 16 states have legalized it recreationally, including the entire West Coast.

But the pandemic clearly had an effect on marijuana sales that may persist into the future. Americans may have been stocking up to limit interactions with dispensaries that may have closed down, and an influx of new customers in states legalizing the drug affected the revenue growth. “New consumers and patients, and newly legal states, played a role in 2020’s cannabis boom. But the main driver was an increase in the average purchase size of established consumers, who increased their average monthly spends by 33%,” according to Leafly.


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Whoa! New Report Finds This Many Americans Consume Cannabis

As cannabis legalization continues to sweep the U.S, beliefs and behaviors surrounding 420, once considered a “stoner holiday,” are shifting to become much more mainstream and inclusive.

One in four Americans currently consume cannabis, reporting they’ve tried some form of cannabis within the past twelve months. That’s a significant increase since 2018* when just 16% of U.S. adults reported current consumption, representing a 56% increase in just two years. What’s more, 23% of current cannabis consumers say they tried cannabis for the first time over the past year, suggesting the COVID-19 pandemic, combined with expanded state legalization, has rapidly accelerated cannabis acceptance and adoption in America.

These findings are part of a national study conducted by global public opinion and data company YouGov in partnership with Sunnyside, the national retail dispensary brand of Cresco Labs. The study, conducted in March 2021, examined cannabis use, attitudes, and purchase behaviors of nearly 5,000 Americans representative of the U.S. population.

Photo by Sharon McCutcheon from Pexels

Key findings from the study indicate that cannabis is attracting new consumers from a variety of demographics:

Federal Marijuana Legalization Could Mimic End Of Alcohol Prohibition
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Cannabis Smoking Lounges Finally Approved By Denver City Council

In honor of this very special, 4/20, semi-post-pandemic holiday week, the city of Denver has an exciting announcement. On Monday, Denver City Council approved cannabis smoking lounges. This exciting news coincided perfectly with the cannabis holiday, getting city residents excited for what is to come.

There are already some businesses in Denver that have been holding their breath, ready and excited to pivot as soon as local law allows. The Tetra Lounge in RiNo is just one example of a private club, like many of the clubs that already exist in Denver. Out-of-towners can’t just stop in and get high, as a membership is needed, and this has been one of the major criticisms so far of the legal cannabis industry in Colorado and Denver. There still isn’t really a sustainable, legal place for tourists to smoke. 

With this new ordinance passing in the city of Denver, it will now be fully legal to go in and enjoy a cannabis smoking lounge just as a guest stopping by. This is a smart move for rebuilding the economy and tourism in Colorado, as there will now be many more options for visiting folks. 

“I love it,” said an unnamed individual at The Tetra Lounge about this new ruling. “I think it’s a beautiful thing, I’m glad.”

Dewayne Benjamin the owner of Tetra Lounge, echoed these sentiments a bit more eloquently. “I think it’s great for the community, especially to give them more areas like this. I think it’s a wonderful thing.”

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Studies Link Cannabis Consumption and Increased Exercise

The late, great NBA All-Star Clifford “Uncle Cliffy” Robinson (rest in peace) often stated that cannabis consumption can absolutely be a part of an active lifestyle.

Robinson knew firsthand his claim was valid, having played 18 years in the NBA and been a cannabis consumer throughout his professional career.

Uncle Cliffy didn’t just make rosters in the NBA, he was an elite player for the better part of two decades. Clearly, cannabis did not slow him down.

The same is true for countless other professional and semi-professional athletes in the international sports community, as well as amateur athletes across the globe.

In fact, a set of two recent studies found that cannabis consumption was associated with a greater rate of exercise.

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Virginia’s Governor Ralph Northam Signs Cannabis Legalization Bills Into Law

Democratic Governor Ralph Northam of Virginia signed a bill to legalize cannabis on Wednesday, marking the first time a state in the South has approved the use and sale of recreational marijuana for adults. The measure moves up the legalization of simple possession of cannabis to July 1, two years earlier than legislation originally approved by lawmakers in February.

The governor said that the legislation is a “milestone” for the state and called it a step toward “building a more equitable and just Virginia and reforming our criminal justice system to make it more fair.”

“What this really means is that people will no longer be arrested or face penalties for simple possession that follow them and affect their lives,” Governor Ralph Northam said during a press conference with activists and state lawmakers that was streamed live on Facebook on Wednesday afternoon. “We know that marijuana laws in Virginia and throughout this country have been disproportionately enforced against communities of color and low-income Virginians.”

Beginning on July 1, 2021, adults 21 and older will be permitted to possess up to one ounce of marijuana. Adults will also be permitted to grow up to four cannabis plants at home, but only in a location that is out of public view. Plants must also be tagged with the owner’s driver’s license or identification number and a notice stating that they are for personal use. The bill also “modifies several other criminal penalties related to marijuana, and imposes limits on dissemination of criminal history record information related to certain marijuana offenses.”

The legislation signed by Governor Ralph Northam on Wednesday also establishes a regulatory and taxation framework for the commercial cultivation, manufacturing, and sale of recreational cannabis. The provisions governing cannabis commerce are slated to go into effect on July 1, 2024, in order to allow state officials time to draft regulations and issue licenses to approved cannabis businesses.

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The 4 Biggest Problems With CBD Products

Many consumers are snatching up CBD products that may not be all they’re cracked up to be.

If it weren’t for cannabidiol, more commonly known as CBD, the marijuana industry would be on the streets begging for nickels rather than enjoying the fruits of a business sector that is predicted to be worth $22 billion within the next few years.

It seems that America has fully embraced the concept of this non-intoxicating cannabinoid in hopes that it will do everything its proponents say it will, from alleviating pain, anxiety and perhaps even depression. But due to the company this marketplace keeps — not to mention its lack of federal oversight — a lot of consumers are snatching up CBD products that may not be all they’re cracked up to be. These are just a few of the most common problems with all that CBD the nation has become so smitten with.

Dosage Is Sometimes Lower Than Advertised

Consumers should be able to trust the labels of the products they use, but when it comes to CBD, that gets harder to do. Since these products are not regulated by the U.S. Food and Drug Administration like other drugs, cannabis companies are basically responsible for putting their own standards in place.


Photo by Christin Hume via Unsplash

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Cannabis Holidays to Celebrate Throughout the Year

We all know 420 as the quintessential stoner holiday. Even many people who don’t smoke very much have heard of the day; it’s globally recognized. But did you know there are quite a few other cannabis holidays, more quaint and less commercialized ones, that are very much worth celebrating?

So, mark your calendars, call your friends, and make sure you’re stocked up on all your favorite products when these cannabis holidays roll around.

 

420 – April 20th

First on the list, not because it’s the most well-known but because it’s chronologically first, is none other than 420. The origin of the term 420 can be traced back to a group of five teens from San Rafael, California, the birthplace of many industry trends and the current largest cannabis market in the world. The teens were appropriately nicknamed “the Waldos” due to their preferred hang out spot – a wall outside of their high school. In the fall of 1971, the Waldos got wind of a rumor that a Coast Guard planted some cannabis seeds there and was no longer able to tend to his field.

Every day after school, they would pile into one of their cars, have a little smoke sesh, and scour the Point Reyes National Forest for this legendary crop. Their daily meeting time? 4:20 p.m. They never did find the elusive crop (that likely didn’t even exist), but they did manage start a trend that would first take over their high school and soon reach global status.

The phrase “420” quickly spread around, especially with teens and young adults, because it allowed teens to talk about cannabis openly while their parents, teachers, and supervisors were none the wiser. Eventually, thanks to some attention from Grateful Dead and a simple flyer that read, “We are going to meet at 4:20 on 4/20 for 420-ing in Marin County at the Bolinas Ridge sunset spot on Mt. Tamalpais.” Once High Times printed the story, accompanied by a photo of the flyer, it was game over… 420 was officially a thing.

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What Is Hash And Why Is It Making A Comeback?

Hash is relatively easy to make, and new extraction techniques utilizing dry ice and CO2 introduced in the late 80s have helped make it more available in the U.S.

Back in the 80s, buying hash was easy in Europe — especially Amsterdam.

Walk into any of the Bulldog Café coffeeshops in the heart of the city, where there was a sandwich board out front with a marijuana leaf painted on it, ask at the counter, and generally there was a guy selling hash in another room.


Photo by Cappi Thompson/Getty Images

Finger hash, made from scraping the residue off the hands of anyone handling lots of the resin glands of the sticky bud, was very popular, as was Afghan black hash, blonde Lebanese hash, Moroccan hash — the seller usually had a sort of menu printed out for a buyer to peruse.

What Is Hash And Why Is It Making A Comeback?
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Some Marijuana Facts You Had No Idea About

The cannabis world is varied and rich and can fill a gazillion jeopardies. You assume you know a lot about the fantastic pot, but you’re mistaken. It’s because there’s always something new and exciting waiting to be unveiled around the corner for you.

And why not? Cannabis is a drug, cure, and a booming business, which is all wrapped into one. There isn’t any plant that has attained so much recognition. 

What are the things every consumer must be well-aware of?

The marijuana facts tell you what the plant is all about and some lesser-known historical things — you had no idea before. But, before knowing some weird facts, it becomes essential to know some marijuana advantages that show its power. 

Yes, marijuana has several benefits for our body and mind. A few of the many benefits are:

It relieves chronic pain greatly.Helps in nausea reduction.It has a substance for battling cancer cells.Deals with PTSD, stress, and anxiety.Assists in the prevention of Alzheimer’s.Prevents glaucoma.Decreases Dravet’s syndrome.Boosts appetite.Reduces neuropathic pain.

With such excellent benefits, it is undoubtedly hard to ignore this magical plant. That’s the foremost reason why cannabis concentrates are popular among the masses and health professionals worldwide. Now that you’re waiting for some fantastic facts, let’s get going:

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Project Playlist: How to Find the Right 420 Tunes

If you’re old enough, you may remember the terrific agony of combing through your music collection in an attempt to make the perfect mixtape. Each song had to be meticulously placed, the entire playlist had to flow seamlessly and putting an artist on there more than once was a cardinal sin. Gestures of that magnitude were typically reserved for significant others or potential significant others and were considered a big deal — especially if you included your own customized cover art.

Even if you don’t go all out, making a mix of great music to smoke to — whether it’s for yourself, someone else or to play in a social setting — is an art that requires equal parts effort and creativity. There aren’t a lot of rules when it comes to making a playlist but there are some things that make a difference and show that you spent some time coming up with just the right combination and not simply putting your playlist on auto-pilot aka shuffle.

Need some ideas on getting your 420 playlist together? Check out some of these suggestions to help you get started on the right track.

Curate your Vibe

First things first — what are you smoking and what’s the mood you’re going for? Is this background music or something you’ll be paying attention to? Are you trying to chill out with a nice hybrid without any distractions? Maybe an instrumental album or beat tape will work. Do you want something to hype you up while you puff on sativa? Peruse your workout playlist for something upbeat and exciting. Once you’ve decided how you want your playlist to make you feel, you’ll have some direction that will give you an idea of where you want to start.

Pick a Theme

Although it’s not completely necessary, it’s a nice touch to have your playlist connect in some way even if it’s just for fun. You can choose an era like ’90s hip-hop, play exclusively reggae if you want to stick to a genre, opt for a keyword to bridge your songs together (ex: every song has the word “high” or “green” in the title) or let the strain of your choice influence your flow. The more creative and out of the box, the better.

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Top Ten 420 Essentials

This 420, cannabis lovers from coast-to-coast will have even more reason to celebrate. In the past few months, New York showed up with the most progressive social equity program to date; New Jersey Governor Phil Murphy signed legislation legalizing cannabis in February; and, most recently, Virginia called time on outdated and racist prohibition laws, becoming the 16th state to legalize recreational cannabis.

With legalization comes a continuous stream of new and innovative products to market, each offering a unique or delicious way to enjoy cannabis or show your support of the culture. 

To help you get the most out of the unofficial day of weed, we’ve rounded up ten essential products that will enhance all aspects of your 420 experience, as well as your daily cannabis ritual. Let’s celebrate this plant in top-form every single day. 

420 Goody Box 

Is there anything more fun than getting a package full of surprise weed goodies in the mail? Cannabis subscription boxes have become all the rage in recent years, with everything you need to enhance your smoking experience, such as pipes, papers and lighters.  Keep the 420 festivities going all year and treat yourself or someone special to a 420 Goody Box subscription. The OG Goody Box comes with an exclusive glass piece, apparel and other smoking gear. You can also level up to the Top Shelf Goody Box, which features high-end, exclusive glass pieces, merch and much more.  doyougoodybox.com – from $27.98


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What 420 Means to These Cannabis Industry Influencers

Wow, we were close. So close. We almost got to be together again this year on 4/20, a day we’ve set aside to celebrate the cannabis plant, our culture, and the activists who’ve worked so diligently to free the leaf.

While it may seem cruel to lay low, I suggest you turn the volume up on your favorite 4/20 mix and bogart joint after joint — it’s the right thing to do. Our community has accomplished some serious essential work this past year and another few weeks of leading by example is easily within our skillset. I take enormous pride in knowing it was our community that kept the grass growing and flowing during a once-in-a-century pandemic. For all of my friends out there in the industry, and to the industry leaders that provided insights for this article, I applaud you. I not only applaud you, but a long and resounding standing ovation is in order. I am blown away by your values, your performance, and you’re never-ending devotion to freeing our cannabis prisoners and righting the wrongs of the past. 

To honor this important day, I asked the following people to share what 420 means to them, and how they’ll be observing it. May the great emergence from Covid-19 roar like a lion. 

Happy 4/20 everybody!

Mary Bailey, Managing Director, Last Prisoner Project:

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Science Says Don’t Cook With Raw Cannabis

If you’re new to cannabis cooking and are ready to dump a ton of fresh bud straight into a brownie mix, stop! This is probably a bad idea, and science is here to tell you why.

Raw cannabis probably won’t get you high

Studies have shown that there are three active ingredients, or cannabinoids, that produce the effects of cannabis that you’re most likely familiar with: THC, CBD and CBG.

But they don’t start life this way.

Most people at least somewhat familiar with weed will probably be familiar with THC and CBD for their ability to get you high. But when ingested in a raw format they won’t have this effect.

 

 

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Hey Prohibitionists. This Is All You Need to Know About the Cannabis Plant

Fifty years ago, "420" became part of the public lexicon and eventually grew into a worldwide celebration of cannabis and its culture. What began as a slang term among California high-schoolers is now a widely renowned expression that comprises everything from the plant and its cultural use to the multibillion-dollar industry it has nurtured around the globe.

This year, like in no other before it, there are more reasons to celebrate the mainstreaming of cannabis and cannabis culture. After all, cannabis use in some form is now the norm in all states except two, and adult-use cannabis is even legal in 17 states, plus the District of Columbia. And even more, states are expected to fully legalize within the next couple of years as the legal cannabis industry continues its meteoric rise toward an $84 billion industry by 2028.

If ever was there a time to celebrate cannabis, this year's April 20th holiday certainly is it.

But that doesn't mean everyone is joining in on the celebration.Just because more states are legalizing the adult use of cannabis, stigmatism and misunderstanding continue to surround the plant and its use, thanks to decades of racist War on Drugs propaganda.

So it's important for those of us in the cannabis industry – and even in the larger cannabis culture – to explain to others what cannabis is, especially to those residing in new adult-use states who might not readily understand anything about it.

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Stoners just don’t need this much stuff

Stoners have long had the reputation for ingenuity. We’ve honed the ability to turn almost any object into a smoking device (see the iconic apple-as-pipe, here in ceramic form), and are well-versed in using common items, like straightened-out bobby pins to clear the bowl in said pipe or a mortar and pestle to break up sticky icky, before grinders became widely available. Rolling joints in Bible pages — although not recommended — became a trope because it became so common. Smoking was illicit, and solutions were homemade. For a long time, marijuana enthusiasts weren’t a desirable market, and we got by.

It’s hard to pinpoint exactly when cannabis and the people who smoke it became so mainstream. Maybe it was when Colorado and Washington legalized weed in 2016 or maybe it happened even earlier in 2008, when the queen of commercial clean Martha Stewart publicly befriended Snoop Dogg, a rapper and weed business bro considered reefer royalty. By 2018, you could cop artisanal hemp kombucha from your city’s bougiest bodega as well as tincture for CBD (a non-psychoactive cannabinoid found naturally in the plant, credited with aiding everything from body pains to insomnia) from the local 7-11.

Marketers and anyone else looking to cash in on the green rush saw the writing on the wall and by spring 2021, there isn’t an everyday product or service you can think of that doesn’t have a stoner-specific iteration available for purchase — like $58 Herbivore Emerald CBD + Adaptogens Deep Moisture Glow Oilrolling papers that shake out to ~$7/pop (quite the gamble if you’re not the most prolific roller), a sativa seed hydrating face mask going for $24 each, a spacy-yet-posh $2,000 24-karat gold ashtray, or a $450 Edie Parker Table Top Lighter with its weighty emerald marble base and sterling silver functionalities. You can spend as much or as little as you want on cannabis-related and -tangential products.

As the stoner umbrella continues to cast shade over the entire United States, there has been a proliferation of products aimed specifically at weed-doers. It’s unclear, however, if they’re all really filling pothead needs — do we have to have, say, at-home luxury apparel especially made for us?

For some products and services, of course, the answer is yes. Stoners have a need for specific cannabis and cannabis-related products/services. For example, Eaze, a cannabis product delivery service — UberEats for weed. Not only do they bring strains right to your door, they use confirmation and promo codes never exceeding six characters and typically easy-to-remember words or phrases. (The stereotype has some truth: Regular pot-doers have impacted short-term memories.) Obviously, this service wouldn’t be of use to someone who doesn’t partake, but for the average stoner, it could be essential.


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Your Gratuitous 420 Post! Products, Events, and More for Cannabis Connoisseurs

Once a year, the cannabis community comes together to rejoice in all things marijuana. This 420, there are more products and events than ever and we’re bringing some of our favorites straight to you.

While this unofficial holiday has been increasing illicit sales for decades, this year sets a new precedent for legal sales. Intelligence gathered by Akerna estimates upward of $95,000,000 in retail cannabis sales for 2021’s April 20 celebrations.

In honor of this most noble of days, we’ve compiled some exciting products and events to expand your horizons and enhance your appreciation.

Innovative Cannabis Products to Elevate Your 420

Summerland’s “Stonerware” pieces are handmade in California and feature some super fun designs.

Have you ever smoked out of an apple? I’m not sure if it’s nostalgia for the sweet taste of apple core and smoke, or just an appreciation for the deceptively simple design, but I’m digging their Fruit Fantasy apple pipe.

Stonerware by Summerland in sustainable ceramic.


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Dispensaries Expecting Big Sales Prior To 420 Holiday

Enterprise software company Akerna (Nasdaq: KERN) just released a Flash Report tracking buying trends related to this year’s 4/20 cannabis consumption holiday, and the news for the industry is favorable. The weekend preceding 4/20, which lands on a Tuesday this year, is pegged by Akerna’s predictive data as the most significant sales weekend of the year. On Friday, April 16, the Flash Report anticipates a 50% growth in daily sales from its 2021 average, with a total industry sales figure of $85,000,000. Saturday through Monday look strong as well, with figures ranging from $50,000,000 (on Sunday, historically the lowest cannabis sales days) to $78,000,000 on Saturday. By the time Tuesday hits, the daily retail sale of legal cannabis is expected to gross $95,000,000 nationally, bringing total 4/20-related sales to $370,000,000 in the U.S. if Akerna’s data proves accurate.

The Flash Report offers a breakdown of category sales and sales percentage by demographics such as gender (using a male and female binary) and age. Flower is forecast to top products sales in the five days of 4/20 spending, constituting 49% of sales (up 4% from the 2021 daily average). Cartridge pens are predicted to come in at 31% while Concentrates and Infused Edibles sit in third and fourth place at 11% and 8%. Men are likely to lead women in purchasing, with 63% of males stocking up to ring “Weed Day” over 38% of females.

According to Akerna’s numbers, 30-40 year-olds will make up 31% of consumers during this period, with under 30’s coming in at 29%, 40-50 year-old’s at 20%, 50-60 year-olds at 12%, and just 8% of folks over 60 hitting the dispensaries, shops and online retailers. The average order total will likely be up about $10, boosting the average spend per customer from $93.48 to around $105.00. The number of products purchased is predicted to go up as well, with a 30% increase from 2021.

The data used to inform Akerna’s Flash Reports is derived from MJ Platform, a provider of cannabis compliance software for the marijuana industry. Sales projections are based on market adjustment calculations and represent the entire US market as an aggregate. In a previous Flash Report, Akerna noted that the St. Patrick’s Day stimulus check drop led to the largest cannabis sales day of the year, which may contribute to the projected boost in 4/20 sales as well. Expanding legalization measures, a competitive retail market, and creative product development to reach a broader demographic of consumers may also contribute to the uptick. Whatever the main drivers may be, Akerna’s sales predictions herald a very happy 4/20 for the cannabis industry.

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