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Monday, May 17, 2021 12:21:45 PM
The cannabis industry is about growth, literally and figuratively. This is a growing industry as cannabis is emerging from the dark markets into the light. Reform is happening on a global scale and there is no more important reform happening than in the USA. Once cannabis is rescheduled from the DEA’s unnecessarily harsh classification, banks and other financial institution will finally be allowed to invest, loan money to and develop more complex financial instruments for the cannabis industry. This will be massive.
The most massive of which will be “high growth” funds that will be compelled to invest in the burgeoning cannabis industry. The medical, recreational and industrial applications of cannabis and hemp are only just being realized. Clinical studies on THC and CBD are finally being performed and they are confirming what consumers have known for centuries. Hemp has only begun its disruptive journey.
At the same time as the cannabis industry is growing, the overall global economy is teetering on a the cliff’s edge. Inflation, extremely irrational exuberance and outrageous valuations abound.
This all adds up to a potential perfect storm for the cannabis industry. The way I see it is like this; if the economy stalls that could provide a major windfall for the cannabis industry. First, during hard times people turn to booze and now cannabis is a worthy alternative. Second, pending legalization, growth funds will be looking for growth stocks and if the overall economy is contracting, the cannabis industry may be one of the few spots left where growth occurs.
Just my 2 cents but I have a lot more money that than riding on this speculative thinking.
Recent SNDL News
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