Early indications that cannabis is still on a consumer’s shopping list, even if Inflation hurts their wallets. But potted planters will struggle to match the impressive pricing power of other sinful stocks like tobacco.
The U.S. cannabis market has experienced downturns before, never as a legitimate industry. Colorado, the first state to only allow the sale of marijuana for adult use Released in 2014. If cannabis companies can show that demand for their products is as steady and reliable as for tobacco or alcohol during a recession, then the stock price could get a much-needed boost. The Pure Cannabis ETF Share Advisor tracks a basket of U.S. pot stocks that are down 53% this year compared to the flat performance of the S&P consumer index.
