The first stimulus cheques started hitting American wallets this Wednesday, and people were quickly using the government-given cash to buy weed.
That’s according to new data from cannabis analytics firm Headset, which has been releasing a steady stream of sales trends in the coronavirus-dominated climate.
The most recent numbers looked to see if there was a sales bump following the first round of government-issued stimulus cheques. To do so, Headset compared data to the same day a week ago.
In Colorado, Nevada, Oregon and Washington, sales were up from 33 to 51 per cent over the previous week, according to the data.
“In Alberta we see sales in fact slightly elevated but not nearly in the same manner as in the U.S. states leading us to conclude that at least a portion of the sales surge on [April 15] was due to stimulus check spending,” Headset said. Alberta sales were up 11 per cent over the previous week.
Amid record joblessness, you might expect consumers to settle for bargain buds. Not so, say Headset’s numbers.
“We analyzed purchases of eighths in both Washington and California over the trailing 30 day,” the firm said, “and found that the sales share of premium priced eighths (less than US$25 in Washington and less than US$35 in California) remained steady at roughly 30 per cent and 45 per cent of total eighth sales.”
That means 55 to 70 per cent of the weed bought in those states has been in the upper price tiers.