Insight Report 12 minutes PremiumCoronavirus Insights: US Cannabis Industry Sees Sales Spike, Supply Chain Disruptions and Launch of CBD Sanitizers Coresight Research April 16, 2020 What's InsideWe have seen panic buying take hold across a number of markets in the US in the midst of the ongoing coronavirus crisis, as consumers rush to stockpile products in the face of prolonged lockdowns. This same trend is true in the cannabis and CBD industries, which has significantly affected sales of cannabis in the US. We discuss recent sales data and explore other ways in which the pandemic has impacted these industries, considering the following: Online Delivery and Curbside Pickup Services The designation of cannabis businesses as “essential” services Supply chain disruptions, particularly for vape hardware components from China New product launches of CBD-infused hand sanitizer The cancellation and postponement of cannabis and CBD-related events. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Innovator Profile: Tolstoy Helps Brands Create Engaging Shopping Experiences Through Interactive, Shoppable VideoEarnings Insights 1Q24, Week 7: The Latest Financial Commentary from Costco, Dollar Tree, Lululemon, PVH Corp. and MoreVIP Awards 2023: Retail’s Core Is Human and Rooted in PartnershipInnovator Profile: bops—Enhancing Retail Efficiency Through Collaborative Inventory Intelligence
