Will these factors keep pot sales robust in April too?

Cannabis sales were soaring in March, especially during the first half of the month as the coronavirus became a global pandemic. Washington state saw a 9% increase in March’s revenue from cannabis compared to the prior year, California’s sales were up 53% year over year (although in previous months, its growth rate was around 75%), and Oregon posted record monthly revenue of $84.5 million, up from $61.2 million a year ago.

Pot sales were soaring, but they were also slightly inconsistent. California-based cannabis cultivator Goldenseed recently surveyed marijuana users across the country and found three key reasons demand was up in March. Let’s take a look at the factors driving increased cannabis sales to see if this is a trend that may continue and what it tells us about investing in cannabis stocks today.

– Read the entire article at The Motley Fool.

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