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Cannabis

Reuters | Equities.com |

U.S. cannabis sales hit record levels over the Thanksgiving weekend, prompting industry predictions that the combination of COVID-19 anxiety and a trend towards legalization has triggered a permanent uplift in demand.

After years of sluggish official sales, buying soared in early March and April when lockdowns began and consumers, fearing supply disruptions, stockpiled the drug.

Though many expected the initial surge to fade, monthly sales have kept hitting records.