As the corona-virus shutdown became a major threat to the economy in March, the impact on the cannabis industry was still very unclear. According to reports “Cannabis stocks have rebounded 79% from the record low, yet they remain down 28% in 2020 and 83% since early 2018 when cannabis was legalized in California”. Furthermore, two of the leading multi-state operators in the cannabis industry, Green Thumb Industries, and Trulieve Cannabis, have hit consecutive 52-week highs in July. Many experts are predicting that the cannabis industry will perform well at a time when many industries will struggle.
– Forbes, Alan Brochstein, 07/11/2020 8:00:00 PM
Open article: https://www.forbes.com/sites/alanjbrochstein/2020/07/12/three-reasons-to-be-bullish-on-cannabis-stocks/#3e86b2f35bfc