4th of July sales top $250M

Akerna (Nasdaq: KERN), 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.

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, and 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,"

James Ahrendt, Business Intelligence Architect at Akerna.