Vaping Crisis: Sales Drop/Shift, Labs Add Testing, and More
Recreational marijuana vape product sales have declined in the wake of a nationwide health scare that caused several deaths and hundreds of illnesses, with consumers shifting their spending into other merchandise such as flower and pre-rolls, according to Marijuana Business Daily.
Vape’s share of the market in California stood at 32.8% the week of 8/19, falling to 29.0% by the week of 9/9. “That’s equivalent to a 12% drop in market share. Put another way, approximately one out of every eight dollars spent on vapes has shifted to other products such as flower and pre-rolls,” said Eli McVey, research editor of MJBizDaily. [Chart attached]
“In Colorado, the share of vape sales fell even more sharply – from 19.2% the week of 8/19 to 14.5% by the week of 9/9. That’s a 24% drop in market share, meaning one out of every four dollars spent on vape products has shifted to other categories,” continued McVey.
CHART OF THE WEEK: Vape share of Recreational Cannabis Sales in 2019 By Week & State.
Follow the news as it develops at MJBizDaily:
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About the Author
Dr. Jerry Doby Editor-in-Chief of The Hype Magazine, Media and SEO Consultant, Journalist, Ph.D. and retired combat vet. 2023 recipient of The President's Lifetime Achievement Award. Partner at THM Media Group. Member of the U.S. Department of Arts and Culture, the United States Press Agency and ForbesBLK.
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