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.
“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.
In total, the company saw 14,241 transactions and $1.24 million in sales on Tuesday, for an average ticket of $87.
As cannabis continues to mainstream throughout our culture and 420 increasingly becomes a “National Holiday”, we are thrilled to provide our consumers with an exceptional customer experience, excellent products, and new ways to safely celebrate the wellness and wonder of cannabis,” said Jonathan Sandelman, CEO of Ayr Wellness.
Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet.
The Green Market Report focuses on the financial news of the rapidly growing cannabis industry.