Analysis originally distributed on November 30, 2016 By: Michael Vodicka of Cannabis Stock Trades
While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.
Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.
In an interview with online publisher Westword, Milton reported huge sales gains across its network of users over the holidays.
From “Dispensaries Break Online Sales Records on Cyber Monday After a Very Green Friday” via Westword.
“Cyber Monday sales were up 70% from a ‘regular day’ while the average ticket price was up 230%.
According to Baker’s data, online orders went up 77 percent last week, when customers were using Baker’s loyalty program 65 percent more than they had in the previous two months.
On Black Friday, dispensaries across the state experienced almost twice the volume of a normal day.
Weed Wednesday saw 55 percent more orders than on a typical day and a 25 percent increase in the size of purchases, Milton notes. Baker also spotted a spike in concentrate sales.”
The spike in holiday sales is good news for the cannabis industry. Continue reading "Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday"