Pass That Joint With a 2-Metre-Long Pole

Some headlines are now saying that a significant recession could cause a demand surge for recreational cannabis in Canada. These headlines have caused some optimism in the sector for the first time in a while. I, however, don’t see how spending a higher percentage of one’s EI cheque on pot rather than rent makes sense. But perhaps folks prioritize needs…

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Coronavirus Market Meltdown: Buy Canopy Growth Stock for Defensive Pot Status

Speculations on whether the cannabis industry is a defensive, non-cyclical consumer staple producer with resilient sales that remain strong during economic recessions will settle when financial results for the first calendar quarter of 2020 start creeping in. Until then, should cannabis investors consider industry leader Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock a defensive play during the ongoing coronavirus-induced economic meltdown? Canopy Growth…

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This Pot Stock Could Benefit From a Recession

While the coronavirus collapse has hit the market hard, one pot stock could actually gain from the turmoil. When cannabis stocks were surging in 2018, investors were expecting growth across the board. By 2019, most companies had seen their valuations fall by at least 50%. Many marijuana producers were building grow facilities for the first time, and revenue forecasts turned…

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Brexit Deal Calms Stock Market Recession Fears

This morning, the European Union and the United Kingdom announced that they have reached a deal on the U.K.’s exit from the European Union. Recession fears are subdued, but we aren’t completely out of the woods yet. Markets have been volatile, if not for the U.S. trade war with China, due to uncertainty over how the U.K.’s exit from the…

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Can Cannabis Stocks Withstand the Next Recession?

Cannabis stocks haven’t yet witnessed the test of a significant recession, but industry attributes point to a high potential for defensiveness and resilience during economic downturns. However, this is yet to be proven, as the new industry started reporting significant sales numbers during the recent stable growth periods. The consumer benefits from psychoactive cannabis could be likened to the wise…

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Are Marijuana Stocks Resilient Enough to Withstand a Recession?

When recessions occur, many businesses reliably go down with the ship. Industries like manufacturing and construction are known to falter in downturns, as are certain retail sectors. On the flip side, however, some industries are well known for surviving recessions unscathed, like utilities. As for new, emerging industries, it can be difficult to predict how they’ll fare when the economy…

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2 Marijuana Stocks Wall Street Thinks Will Double

It can be frustrating seeing your stocks fall, and in the last few months that’s pretty much been the cannabis industry as a whole. While a recession certainly could be playing a factor, it seems the honeymoon phase is over for investors looking to get in on the green stuff. With huge growth expected in this industry, some projecting US$200…

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Here Is Why You Should Trust Cannabis Stocks in a Recession

Before this month started, investors were scrambling to react to a volatile month of May. Trade tensions between the United States and China stoked economic anxiety, and oil plunged into a bear market to start June. Economists have warned that slow growth will be the reality in 2019, but the threat of a recession still looms large. Yield curve inversions…

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