Americans purchased $17.9 billion in cannabis products over the past calendar year. That’s $7.2 billion more than the $10.7 billion in sales from 2019!
The pandemic helped vice businesses surge, or at least stave off the catastrophic downturns that other markets experienced.
With so many consumers staying home in accordance with social-distancing measures, they turned to new and familiar vices to cope. As a result, 2020’s market projections were thrown for a loop — setting the stage for a prosperous 2021.
Cannabis, Alcohol And Sex
Cannabis sales soared in 2020. According to Leafly, nationwide sales of medical and adult-use marijuana increased by 67% over 2019. That means Americans purchased $17.9 billion in cannabis products over the past calendar year. That’s $7.2 billion more than the $10.7 billion in sales from 2019!
The alcoholic beverage space outperformed 2020 expectations, but still saw global figures decline. Analysis firm IWSR reported that the market declined by 8% in 2020, less than the previously projected double-digit drop.Alcohol e-commerce surged in 2020 due to lockdown measures, increasing 40% across ten countries, including the U.S., U.K, Japan, Germany, Brazil and Australia.







