2020 Cannabis Industry Year-End Review

Rhea-AI Summary

Akerna (Nasdaq: KERN) released its first annual year-end review, detailing significant trends and events in the cannabis industry for 2020. The report emphasizes the industry's resilience during the pandemic and highlights key topics including cannabis capital markets, industry maturation, and recent reform initiatives. Akerna aims to enhance transparency in the cannabis supply chain, having tracked over $20 billion in sales since its inception in 2010. CEO Jessica Billingsley underscored the importance of understanding these trends for informed business decisions in the coming year.

Positive

• Akerna reported tracking over $20 billion in cannabis sales, showcasing its market leadership.
• The year-end review highlights resilience in the cannabis sector despite pandemic challenges.
• Key trends included in the report may provide valuable insights for businesses in the industry.

Negative

• None.

DENVER, Feb. 1, 2021 /PRNewswire/ -- Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), today announced the release of its first annual year-end review.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8728753-akerna-2020-cannabis-industry-year-end-review/

"2020 has become synonymous with the unexpected. While the wheels of commerce turned slowly for much of the world, Akerna and the cannabis industry moved forward at full steam," said Jessica Billingsley, chief executive officer, Akerna. "This report provides a curated snapshot of the most important trends and events of 2020. With this collection of business trends and intelligence, you will be armed with knowledge that can help you stay informed and make the best decisions for your business in the year to come."­­

Read the Year-End Review 

Cannabis Industry Year-End Review Highlights:

• Cannabis Capital Markets: States Legalization Pushes the Crest of the Cannabis Wave Higher, by Codie Sanchez, Entourage Effect Capital
• A Growing Industry Matures: The Post-Covid Landscape, by Ben Beckham, Director of Sales, Akerna
• Cannabis Reform Sweeps 2020 Elections, by the Akerna Government Relations Team
• Innovation and Diversification: Cannabis Branding, by Nina Simosko, Chief Commercial Officer, Akerna

About Akerna
Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industry. Based in Denver, Colorado, the Company's mission is to create the world's most transparent and accountable supply chain by building a cannabis technology ecosystem connecting data points across the global cannabis supply chain from seed to sale to self. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software company listed on Nasdaq.

 

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SOURCE Akerna Corp.

FAQ

What is Akerna's recent announcement regarding the cannabis industry?

Akerna announced the release of its first annual year-end review, focusing on 2020 trends in the cannabis industry.

What significant sales figure has Akerna tracked since its inception?

Akerna has tracked over $20 billion in cannabis sales since its establishment in 2010.

How did the cannabis industry perform during the pandemic according to Akerna?

According to Akerna, the cannabis industry showed resilience and continued growth during the pandemic in 2020.

What topics are covered in Akerna's year-end review?

The year-end review covers cannabis capital markets, industry maturation, and cannabis reform initiatives from 2020.

Who is the CEO of Akerna and what did she say about the report?

Jessica Billingsley, CEO of Akerna, mentioned that the report provides important insights for businesses to navigate upcoming challenges.