3/9/20 By DAN ULLOA
The international cannabis vape pen supply chain has been adversely affected by the outbreak of coronavirus along with daily life in the legal cannabis hub of Seattle. Many businesses are seeking assistance in the midst of this unprecedented event due to the knock effect caused by the outbreak of the coronavirus, seemingly affecting most industries.
Cannabis vape batteries and pens are largely manufactured in China. Because of the outbreak, factories in China have not been operating at their full capacity. Around 30 million vape pens and cartridges were previously arriving in the United States from China every month. Thus, the international supply chain has been disrupted. This will negatively affect the vape pen industry which was severely hurt by the Vitamin E scandal last year.
“A supply pinch is coming in weeks and will persist for months,” said CEO of American Made Vapes Dan Fung. “Prices will rise. Shortages of packaging and vape pens could occur.”
In addition, the packaging materials for vape pens are also made in China. This really exposes the issues of being so reliant on foreign versus domestic manufacturing.
The outbreak first began in China.
Nineteen deaths have been reported in Seattle in the fully legal state of Washington. Officials are recommending that those who can work from home do so as much as possible. In addition, classes at the University of Washington, as well as the North Shore School District north of the city, will seek to hold classes remotely. As a result, rush hour traffic has dramatically decreased.
In addition, there has been a run on stores. Costco sales were up 12 percent last month and toilet paper is in short supply in Seattle where people are planning to hunker down in quarantine in the worst-case scenario.
Seattle is seeing the negative effects of this with hotels forced to lowers their prices due to canceled reservations. The first case of coronavirus in the United States occurred in Seattle. It has caused 100 deaths in Washington state thus far.
Cannabis Industry Hurt
The South by Southwest (SXSW) conference in Austin, TX which was supposed to start Friday, has been canceled. A number of cannabis-related panels were planned for the conference which combines, music, film, and business into one gigantic festival. Cannabis industry leader Steve DeAngelo was among those slated to speak.
Supply of cannabis products should not be adversely affected because they all need to be grown, processed, and sold in the same state. But demand could be so high from those who seek to stock up that dispensaries could run out. On the other hand, some dispensaries that have seen a decrease in their business have begun offering discounts to customers.
With 4/20 approaching, event organizers across the country who had elaborate plans for the day are starting to reconsider them.
For cannabis users, the circle of “scythe” of consumers is often the most common and communal manner to ingest it. And while it usually does not lead to illness, it should be avoided for now if you’re concerned about this.
Unfortunately, while it has many great uses, CBD cannot help treat coronavirus.
Some are worried that if this continues, this could adversely affect legalization ballot campaigns across the country if large gatherings are going to be discouraged.
The Effects of Coronavirus
Coronavirus, officially known as COVID-19, has struck 100,000 people around the world and taken around 4,000 lives up to this point.
With such low odds and everyone on high alert, you’re probably not going to die from it.
Experts say to avoid catching coronavirus, you should make sure your hands are clean by taking the time to wash them thoroughly. You might also want to avoid physical contact with others.
Symptoms of coronavirus include:
- Shortness of Breath
Those who are over the age of 60, have heart or lung disease, or diabetes should avoid large gatherings because they are the most prone to exposure and death.
The stock market has lost so much value in recent weeks that the Federal Reserve announced a cut in the interest rate loan to boost the economy. Some experts say this might even lead to a recession.
Governor Andrew Cuomo of New York announced a State of Emergency there. One New Yorker said passengers on the subway have been avoiding holding on to the rails in the wake of coronavirus.