Despite the inauspicious beginning of 2020, Hawke Media believes the COVID-19 pandemic presented unprecedented opportunities for companies in the right industries: specifically cannabis.
However, despite the overwhelming negativity, some companies found themselves in a position of opportunity. According to a report by the United Nations Conference on Trade and Development (UNCTD), e-commerce sales spiked on a global scale. Latin America, Africa, China, and Thailand all experienced huge sales volume increases, sometimes up to 50% compared to the previous quarter.North America told a similar story. Amazon.com Inc. (NASDAQ:AMZN), for example, recorded profits of $6 billion, marking a 200% increase since the onset of the pandemic.
For reasons that may be more complicated than accessibility, most of the cannabis industry missed out on that opportunity. One study reports that in Canada, cannabis consumption increased by as much as 50% after the pandemic began. Another report shows that cannabis users sustained this increase as the pandemic prolonged.
With an unprecedented demand for an easier pathway to consumer products, Hawke Media believes the key to delving into the industry’s untapped potential lies, in part, at the hands of e-commerce integration.
Show Notes:
Is the Future of Cannabis in the Hands of e-Commerce?
https://www.benzinga.com/markets/cannabis/21/12/24374285/is-the-future-of-cannabis-in-the-hands-of-e-commerce
We just made it on the Top 100 cannabis podcasts from feedspot:
https://blog.feedspot.com/marijuana_podcasts/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 849 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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