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Fourth of July Weekend Cannabis Sales Total $255 Million

Business intelligence from Akerna (Nasdaq: KERN), a leading enterprise software company and the developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, today announced that US cannabis shoppers spent a total of $255.5 million on adult-use and medical cannabis products during the Fourth of July weekend.

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US National Retail Cannabis Sales (Millions):

Friday (7/1/22)   $106.7 M
Saturday (7/2/22) $68.1 M
Sunday (7/3/22)   $45.2 M
Monday (7/4/22)   $35.5 M
Total:            $255.5 M

The Friday ahead of the holiday brought in $106.7 million in sales, becoming the second-highest grossing sales day for the industry in 2022. The Friday ahead of last year’s Fourth of July weekend brought in a total of $89,600,000 in sales, signifying a 19.1% year-over-year increase in sales this year.

“Holiday after holiday, our data indicates Americans are choosing to celebrate with cannabis. As more markets legalize cannabis and more people gain access to the plant, we expect these year-over-year increases to continue,” said James Ahrendt, Business Intelligence Architect at Akerna.

Monday, July 4, likely saw lower sales due to store closures for the holiday.

Fourth of July Weekend Cannabis Sales Total $255 Million

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