Akerna Flash Report: 4/20 Cannabis Sales Reached $154.4M, Setting New Single-Day Sales Record

Akerna (NASDAQ: KERN) announced that this year's 4/20 holiday broke all previous cannabis retail records, bringing in a total of $154.4 million in adult-use and medicinal sales.

The company noted that compared to last year's 4/20, which until last week was the industry's largest sales day to date and brought in nearly $112 million, this year's 4/20 was a significant 38.1% growth over last year's.

When looking at the period around 4/20, according to Akerna, US shoppers spent a total of $485.3 million on cannabis products.

To put that into perspective, the Iowa Alcoholic Beverages Division recently reported the state's largest year of liquor sales ever – which surpassed $400 million for the first time. This means that …

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