Akerna: 2019 Independence Week U.S. Cannabis Sales to Approach $500 Million
Akerna Corp. (KERN)
Company Research
Source: GlobeNewswire
DENVER, June 27, 2019 (GLOBE NEWSWIRE) -- Akerna Corp. (NASDAQ: KERN) (“Akerna” or the “Company”), a regulatory compliance technology company in the state-legal cannabis space, announced today it expects Americans will spend more on cannabis this Fourth of July than chicken for their BBQs. According to Akerna, Fourth of July-week (June 28 – July 4) cannabis sales are expected to increase by 80% compared with an average week, ringing in approximately $450 million in total sales nationally. At the current growth rate, Americans are poised by 2020 to spend more money on cannabis than wine on the Fourth of July. Akerna expects 2019 Independence week holiday sales will start to increase on Friday, June 28, realizing double the sales of an average Friday. Increased sales should continue throughout the week with Independence Day itself closing as the busiest Wednesday of 2019. Akerna’s retail sales data figures are compiled through a statistically relevant analysis of the cannabis retail
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