Nevada marijuana market regains footing after strict COVID-19 restrictions, fewer tourists
Marijuana Stocks, Finance, & InvestingUncategorized October 31, 2020 MJ Shareholders
Nevada’s recreational marijuana sales have largely recovered, having slumped in the spring from some of the strictest coronavirus shutdown measures in the nation and dwindling numbers of tourists visiting Las Vegas.
Industry officials link the rebound to robust demand from local residents and improved business practices that arose as a necessity during the shutdown, including online ordering and discounts.
At the same time, purchases of flower have picked up and now account for a larger portion of overall sales, reflecting local consumer preferences and a shrinking tourist base.
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