Legal Marijuana Sales Exceeded $45 Million on April 20 (4/20)

There was over $45 million in legal marijuana sold on April 20 (4/20), the unofficial cannabis holiday, according to a new report.

MJ Freeway, a leading provider of seed-to-sale tracking for the cannabis industry, reports that cannabis retail sales for April 20 exceeded $45 million, a 20% increase compared to the 2016 holiday.

Prior to 4/20, MJ Freeway predicted a 20% increase in retail cannabis sales and a 10% increase in customer traffic. MJ Freeway’s predictions and reports are based on sales data figures compiled through analysis of their majority cannabis retail market share.

Read moreLegal Marijuana Sales Exceeded $45 Million on April 20 (4/20)

Over $37 Million in Legal Cannabis Sold on 4/20 in the U.S.

money2There was $37.5 million spent on the legal purchase of cannabis and cannabis products on April 20 this year, a roughly 30% increase from April 20 of last year. April 20 (4/20), of course, is the unofficial cannabis holiday, celebrated by cannabis consumers and supporters worldwide.

According to MJ Freeway, which tracks the legal cannabis industry in the United States, the sales figures were compiled through an analysis of 40% of the cannabis retail market.

“As the leading provider of cannabis software solutions, MJ Freeway has the largest and most representative retail data in the cannabis industry”, says Jessica Billingsley, MJ Freeway’s COO. “We have an unmatched vantage point from which to view trends and changes in the industry.. This data is a powerful tool for understanding real-time cannabis industry changes and for predicting future trends.”

Read moreOver $37 Million in Legal Cannabis Sold on 4/20 in the U.S.