Cresco Labs Inc (CRLBF)

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Coronavirus Anxiety Cannabis Sales Could Trigger Sector Resurgence

March 23, 2020 -- InvestorsHub NewsWire -- via NextBigTicker -- The Coronavirus Crisis is causing mass anxiety. People are concerned about their health and the health of others they love, not to mention concern for the jobs and maybe a little cabin fever. Mass anxiety is likely the reason for recent record cannabis sales. Multiple reports are out on dramatic CBD and Marijuana sales spikes. An ABC News story reported a 159% increase in cannabis sales in California. The State of California has declared cannabis stores as “essential” business operations that can remain open during the Coronavirus shutdown.

Cannabis stocks have struggled over the last year as the promising but more sober reality of the cannabis sector opportunity has replaced the initial exuberance that came with recreational legalization in Canada in 2018. Oddly, a global crisis could be the catalyst that triggers a cannabis sector resurgence.

Micro-cap cannabis stocks will be more likely to enjoy the initial opportunity generated by the apparent Corona driven increased demand for cannabis. Smaller companies are generally more nimble and can adapt faster to change and sudden opportunity. It also takes less opportunity to move the needle for a smaller company. A sustained increased demand may later impact larger cannabis sector companies.

Puration, Inc. (USOTC: PURA) and North American Cannabis Holdings, Inc. (USOTC: USMJ) have already reported increased sales. Hemp, Inc. (USOTC: HEMP) and Sugarmade, Inc. (OTCQB: SGMD) could also benefit from the increased demand. It’s worth doing your research and finding a list of other micro-cap cannabis companies that could also benefit. Now could be the time to buy beleaguered stocks in the micro-cap cannabis sector and potentially benefit from a PPS jump triggered by increased sales coming out the Corona Crisis.

View source version on Investorshub.com: https://ih.advfn.com/p.php?pid=nmona&article=82059492