7/10
Marijuana Retail Report
“Oil Day”, or 7/10, has failed as a sales holiday this year
Key points:
- “Oil Day,” or 7/10, flopped as a sales holiday this year, increasing sales by just 4% over a normal Friday.
- Cannabis concentrates remain a small part of retail sales, but are highly valued by buyers.
- Price compression has expanded the customer base. Live resin, which once sold for $40 per gram, is now only $10 before tax.
Once a niche product, cannabis concentrates have become one of the most reliable drivers of retail growth.
Extracts are the basis of vapes, edibles, infused pre-rolls and premium hash sales year-round, even if 7/10 is the industry rest of the concentrate is assigned and dabber’s response on 4/20 – doesn’t move the needle.
“These extracts feed the entire food industry — they come from hash,” said David Downs, organizer of Hash Week, a week-long celebration in California beginning on 7/10, sometimes called “Oil Day.”
“We’re talking about concentrates – edibles, vapes and the hash market in bulk grams. They’re all extracts.”
As cannabis oil becomes a year-round growth engine, consumers are no longer waiting for the 7/10 holiday to purchase it.
Still in 2022 concentrate sales jumped 67.4% on 7/10according to Headset, rosin sales were up 213% over the previous four Saturdays—a veritable holiday surge by any standards.
To read the rest of this article on MJ Biz Daily, Click here
BREAKING NEWS DEA RESCHEDULES CANNABIS TO SCHEDULE 3!
ASK ME ANYTHING | MONTEL
Marijuana Retail Report
Redefining the standards of UK cannabis
Arkansas GOP Governor And Democratic Challenger Agree On Opposing Marijuana Legalization
Michigan Cannabis Brand Forced to Close After Investigation Finds Inventory Discrepancies, Out-of-State Transport
The C Block…more 420 recaps on Weed Talk News …recorded 4_29_24
PART 1 TAKING A KNEE | NATE BOYER
Marijuana Retail Report
Will the top World Cup expert in the fruit, vegetable, and horticulture sector come from Canada, the U.S. or Belgium?
“Our system can manage equipment across 10,000+ m² using just a few wires”
Mazar-i-Sharif Hash Wednesday
Florida Workshop to Discuss What Constitutes a ‘Cartoon’ in Hemp Packaging
Afghan Black Hash Wednesday
From Finance to Wellness: Brad Zerman’s Impactful Pivot
Weak Michigan Cannabis Sales Again in July – New Cannabis Ventures
Re-release of the full show of Cannabis Coast to Coast news. Republican Texas DA Fires Up vs. laws;
DEA’s Cole Reverses His “priorities” ; Prohibitionists Dig In; Dead & Co Celebrates 60 years in SF
Texas DA Fires Up for Change! Mass. Sheriff arrested on Extortion charges; GOP vs Industry in state
Your Cannabis Business: Consistent Filings Are Critical
-
Cannabis News11 months ago“Our system can manage equipment across 10,000+ m² using just a few wires”
-
Video10 months agoMazar-i-Sharif Hash Wednesday
-
Florida11 months agoFlorida Workshop to Discuss What Constitutes a ‘Cartoon’ in Hemp Packaging
-
Video9 months agoAfghan Black Hash Wednesday
-
Video11 months agoFrom Finance to Wellness: Brad Zerman’s Impactful Pivot
-
aawh11 months agoWeak Michigan Cannabis Sales Again in July – New Cannabis Ventures
-
Video11 months agoRe-release of the full show of Cannabis Coast to Coast news. Republican Texas DA Fires Up vs. laws;
-
Video11 months agoDEA’s Cole Reverses His “priorities” ; Prohibitionists Dig In; Dead & Co Celebrates 60 years in SF