Cannabis is Established and Essential, Investments Notably Increase
Governors of 11 states have declared cannabis an essential business. Legal states have seen a surge in sales as customers stock up. Check out this week's CNBC feature with data points from industry players, including reports from the 1,300+ retailers using cannabis e-commerce platform Jane Technologies. Take note, they report the number of NEW users ordering online has increased 142% over the last month.
With demand for cannabis proving to be resilient in turbulent times, publicly traded cannabis companies are a buy right now with pot stocks rallying and posting notable gains. Considering the immense total addressable market (TAM) and continued exponential growth of licensed cannabis businesses, the long term opportunity in the sector is obvious.
Our crowdfunding raise has also seen a boost this week and we are on track to raise twice as much as any of the three previous weeks in March. If you have 30 minutes, check out my webinar captured Wednesday 3/25 with KingsCrowd Founder & CEO Chris Lustrino just posted onto YouTube.
Stay safe and be well - Jane