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Home 🌿 Cannabis Technology News 🌿 Coronavirus Fears Drive Cannabis Delivery Sales Higher 🌿Coronavirus Fears Drive Cannabis Delivery Sales Higher
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During the week that ended March 13, retail locations across the country's largest legal cannabis market, California reported increasing delivery sales. Employees at privately held Ganja Goddess, a delivery service provider operating in California, say they have seen a 10% increase in sales each week for the past three weeks.
California declared a state of emergency on March 4 after reporting the state's first death from a COVID-19 infection. In Florida, another state where Curaleaf and Cresco have significant operations, Gov. Ron DeSantis on March 7 escalated the state of emergency from level one to level two.
First-timers
Delivery services have in recent years become the norm for most retail products, but cannabis consumers generally want to see what they're buying up close before committing to a purchase. However, the COVID-19 fear hanging over the country like a dark cloud might be just what it takes to push cannabis buyers to try a dispensary-associated delivery service for the first time.
Either way, it could be a while before investors know if the publicly traded cannabis producers are experiencing a social-distancing-induced sales bump. On March 24, 2020, Curaleaf will report results from the fourth quarter of 2019, and Cresco Labs hasn't announced a date for its fourth-quarter earnings release yet.
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