{"id":531314,"date":"2021-08-25T09:07:09","date_gmt":"2021-08-25T13:07:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/akerna-flash-report-labor-day-weekend-expected-to-bring-in-over-240-million-in-national-retail-cannabis-sales\/"},"modified":"2021-08-25T09:07:09","modified_gmt":"2021-08-25T13:07:09","slug":"akerna-flash-report-labor-day-weekend-expected-to-bring-in-over-240-million-in-national-retail-cannabis-sales","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/akerna-flash-report-labor-day-weekend-expected-to-bring-in-over-240-million-in-national-retail-cannabis-sales\/","title":{"rendered":"Akerna Flash Report: Labor Day weekend expected to bring in over $240 million in national retail cannabis sales"},"content":{"rendered":"
\n

Friday, September 3rd, is expected to be the second-highest cannabis retail sales day in 2021, with a predicted $90 million in sales.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n DENVER<\/span>, Aug. 25, 2021<\/span> \/PRNewswire\/ — Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform\u00ae<\/a>), predicts that the upcoming Labor Day weekend, September 3<\/span> \u2013 September 6<\/span>, will bring in over $240,000,000<\/span> in legal national cannabis sales.\u00a0 <\/p>\n

\n

\n
\n \"(PRNewsfoto\/Akerna)\"
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Friday, September 3<\/span>, will be the largest sales day of the weekend, with a predicted $90,000,000<\/span> in sales, up 62% from daily average sales. This would be the second-highest sales day of 2021, falling after 4\/20<\/a>, the unofficial cannabis consumption holiday.<\/p>\n

“When holidays fall on weekends, the Friday of that weekend sees the largest spikes in spending, which has held up for Valentine’s Day<\/a>, Memorial Day<\/a>, and the Fourth of July<\/span><\/a> this year,” said James Ahrendt<\/span>, Business Intelligence Architect at Akerna. “With increases in spending comes increases in traffic, making it crucial for dispensaries to plan inventory and staffing ahead of the long weekend.”<\/p>\n

\n Saturday, September 4<\/span>, is predicted to bring in another $69,000,000<\/span> in sales, while Sunday, September 5<\/span>, should see approximately $39,000,000<\/span>. Monday, September 6<\/span>, Labor Day, is expected to bring in another $42,000,000<\/span>.<\/p>\n

\n Other predictions for the holiday weekend (9\/03 – 9\/06):<\/u>\n <\/p>\n

    \n
  1. Average order total <\/li>\n
      \n
    1. About $9<\/span> more – up $112<\/span> from $102.48<\/span> (2021 average to date)<\/li>\n<\/ol>\n
    2. Average basket size <\/li>\n
        \n
      1. 3.7 products per purchase <\/li>\n<\/ol>\n
      2. Category sales: <\/li>\n
          \n
        1. Flower \u2013 48% <\/li>\n
        2. Cartridge\/Pens \u2013 32% <\/li>\n
        3. Concentrates \u2013 10% <\/li>\n
        4. Infused Edibles \u2013 9% <\/li>\n
        5. Other \u2013 1%<\/li>\n<\/ol>\n
        6. Demographics: <\/li>\n
            \n
          1. 62% male <\/li>\n
          2. 38% female <\/li>\n<\/ol>\n
          3. Sales by age groups: which was led by the 30-40-year-old age group <\/li>\n
              \n
            1. Under 30 \u2013 28% <\/li>\n
            2. 30-40 \u201331% <\/li>\n
            3. 40-50 \u2013 20% <\/li>\n
            4. 50-60 \u201312% <\/li>\n
            5. Over 60 \u2013 9%<\/li>\n<\/ol>\n<\/ol>\n

              \n About MJ Freeway <\/b>\n <\/p>\n

              MJ Freeway is more than software as a service. Its flagship solution, MJ Platform, includes Platform Insights. Now operators, investors, and regulators can access the industry’s largest and most statistically relevant database to drive data-driven business decisions. <\/p>\n

              Platform Insights provides: <\/p>\n