Akerna Flash Report: May Day, May Day, Cannabis Sales Leaving Las Vegas
Akerna Corp. (KERN)
Company Research
Source: GlobeNewswire
DENVER, May 01, 2020 (GLOBE NEWSWIRE) -- Business intelligence from Akerna (Nasdaq: KERN), a leading compliance technology provider and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) shows recreational cannabis sales in Nevada have taken a steep decline reaching 56% when compared to the rest of the recreational market’s average decline of only 1%. On March 21, when communities started to realize the full effect of travel bans and shelter in place orders, recreational cannabis sales in Nevada dropped to a year low. “Eight months ago, analysts’ reports recognized Nevada for its potential to become the world’s top canna-tourism destination. It made sense, sales in 2019 were up 20%, reaching over $630 million,” said Ryan Ballman, business intelligence engineer, Akerna. “Today, while other markets are relatively even in terms of sales, Nevada is seeing steep declines. One indicator is lack of customers with o
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