Data

Flower and concentrates were the best-selling products on dispensary shelves, grossing respective totals of $11,378,361.72 and $5,625,333.25 from December 31st to February 16th. Edibles were the fourth-most ordered and third best-selling product. Our findings suggest a potential upward trend in the edible market, potentially indicating more efficient production and supply management forms. Further trend research must be conducted on vapes and concentrates on measuring the impact of both coronavirus supply chain slowdowns and the vape crisis.

When it comes to running a successful dispensary, or any business for that matter, knowing a few key metrics provides you with the ability to make the best decisions for your business based on data you compile during the regular course of business. 

While cannabis retailers might have been disappointed with the lack of events or celebrations on 4/20 due to COVID-19, they certainly weren’t disappointed with the sales growth driven through online ordering systems.