Impact of COVID-19 on the Cannabis Industry – Positive or Negative?
Impact of COVID-19 on the Cannabis Industry – Positive or Negative?
The COVID-19
pandemic may be the largest ever disruptor of Americans’ life and business. As
we all know, many workplaces have shifted online or shut down altogether.
However, the cannabis industry occupies a unique space and while it may be
outlawed at the federal level, it is considered essential in many states.
Despite all of the
disruption out there, the cannabis industry has many bright spots and is
apparently still growing at an impressive rate. For those who may be seeking
employment or a career change, the cannabis industry may be a viable option
even as the novel coronavirus continues to run its course. Report also shows
the industry’s 2020 growth is outpacing that of 2019.
Although there is
reason for optimism, the industry is behaving a bit differently (understandably
so) than it did pre-COVID. Retailers are placing larger orders less frequently,
perhaps focusing their attention more on the short term. While there are great
signs for hiring overall, especially in marketing and sales roles, executive
hirings have declined.
Although the
customer base for other industries has dwindled, cannabis consumers are still
showing up (both online and in-person). The report found that dispensary design
will continue to be crucial to success. Managers need to continue to leverage
expanded purchasing options that reduce in-person interaction including online
ordering, delivery, and curbside pickup.
Many industries
could be digging out of a financial hole for years to come. The cannabis
industry actually seems to be positioned to thrive.
In summary, with the pandemic situation, cannabis industries are one of
the least affected industries that actually have growth over the last couple of
months. So are the cannabis packaging.
Cannabis packaging
plays a foundational role in reassuring consumers that they are purchasing
legitimate, legal, and safe products, by imparting a consumer experience of
familiarity, luxury, and simplicity. BPS offers a wide range of premium
Cannabis Packaging, including: smell proof Mylar pouches, child resistant pouches,
and child resistant containers, etc.
Visit our products:
https://bestpackagesolutions.net/child-resistant-packaging_0031
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