A glance at social media will produce hundreds of clips of people across the world interacting creatively, despite the reach and severity of the coronavirus. It has impacted millions of people and the stock market, and cannabusinesses turned to the internet to spur connectivity.
Investorideas.com, an investing resource for hemp and cannabis stocks, recently released a snapshot of the impact of coronavirus on cannabis and CBD industries. It highlighted SinglePoint Inc., which is currently producing Klen Hands, a hand sanitizer created to combat the shortage. Klen Hands is infused with hemp and is available for pre-order. Hemp seed oil mixed with 62 percent ethyl alcohol keeps hands clean, soft, and hydrated during the pandemic. Klen Hands is being mass-produced in Carlsbad, CA, and will ship directly to homes across the United States.
“We are working to develop solutions for both product and technology to assist in the effort of combating COVID-19,” Greg Lambrecht, CEO of SinglePoint Inc., said. “As many people know, our company has deep ties to the Washington State area. We believe we can provide solutions in the near term to help with the dissemination of current, reliable information and in the interim use our facilities to develop products such as hand sanitizer. We will be releasing additional resources for individuals in the coming weeks.”
The statistics for cannabis delivery services rival toilet paper and hand sanitizer, as people stock up on marijuana products.
Another cannabis sector which is booming as a result of nation-wide quarantines is the newly minted cannabis delivery niche. The statistics for cannabis delivery services rival toilet paper and hand sanitizer, as people stock up on marijuana products. In early March, the city of Amsterdam had lines down the block outside of dispensaries. Still, now that people are staying inside and ordering through online avenues, cannabusinesses are having to get creative and use technology to their advantage. This is not necessarily an issue, though. People are buying less frequently, but in more bulk purchases. Delivery drivers are being required to wear masks and latex gloves and use alcohol-based disinfectants during rides. Additionally, priority is being given to medical marijuana patients, and drive-by, online ordering, and home delivery options are spiking.
“We believe we can provide solutions in the near term to help with the dissemination of current, reliable information and in the interim use our facilities to develop products such as hand sanitizer. We will be releasing additional resources for individuals in the coming weeks.” – Greg Lambrecht, CEO of SinglePoint Inc.
Of course, home delivery services are not news in the cannabis industry. California, Nevada, and Michigan paved the way for home delivery; Colorado, Washington, Alaska, and Washington D.C. all have medical and recreational marijuana plans in place to order marijuana, but none currently allow delivery services. Massachusetts, Michigan, New York, and Illinois are encouraging home delivery of cannabis products and giving customers the option for curbside pick-up. Michigan Gov. Gretchen Whitmer even signed an executive order which permits all licensed marijuana retailers to provide curbside pick-up and home delivery services. In addition to delivery by car, some businesses are utilizing drone technology to deliver the product, track deliveries, and map services. In Michigan, home deliveries can be no more than 2.5 oz of flower per day. Still, in Massachusetts, medical marijuana centers are permitted to expand their delivery service to send up to a 60-day supply of medical marijuana.
Ganja Goddess, a cannabis delivery service in California, noted a 10 percent increase in sales from the end of February to the beginning of March. Eaze saw a 34 percent increase in customers signing up for deliveries. In Tempe, AZ, Alt Thirty Six is waiving all transaction fees for delivery purchases. In that regard, the cannabis industry works just as more traditional outlets do. It’s adaptable and those who work within its confines are creative and always seeking new technological advancements to move the industry forward.