Hi All,
I wanted your thoughts on the CBD industry, CVSI, and the risks of a possible recession. I have heard thoughts that a recession wouldn't be bad thing for CBD because people get depressed from losing jobs, stagnant wage increase, not being able to provide for their families, etc. that this will actually increase demand for products such as CBD and alcohol. I could also see where CVSI products are generally fairly expensive compared to other CBD alternatives (although CVSI is a much better product), that consumers may pay for the cheaper alternative due to less money in their own pocket from the recession.
The reason this fascinates me is that the CBD boom will be going on for the 3-5 years and I think it is inevitable that there will be an economic recession within that time period. Is CBD going to be one of the market segments that will be booming while everyone else is losing? Do you all have an exit plan in place or are you long and think things will work out themselves? I'm interested in your opinions of how a recession will not only affect the CBD industry, but also CVSI.
Thanks!