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Will Coronavirus Target the Marijuana Industry Next? - Market Realist. Will Coronavirus Target the Marijuana Industry Next? - Related Article Join Stock Advisor.. As cannabis moves further into the mainstream, it has found a surprising ally in the world of fitness. State Legalization Efforts At present, there are 11 states in the US cannabis market that allow recreational cannabis use. While this may seem like a small issue, it could lead to some serious pain for vertically integrated US pot growers, as they already spent much of wrestling with higher price points for LED lightbulbs and HVAC systems as a result of the trade war between China and the US. You May Also Like. If virus-related work stoppages continue, an LED shortage could ensue for Cree. Pot Stocks Use our streamlined company directory to gain access to targeted information, investor presentations and breaking news. The coronavirus symptoms include a fever, cough, and shortness of breath.
Direct and ancillary cannabis stocks could suffer because of the novel coronavirus. Both direct and ancillary players within the pot industry could be adversely impacted. For example, direct players, such as growers, purchase everything from lighting systems to HVAC systems from China. Can weed really kill the coronavirus? Will the vape supply chain be affected by Chinese import restrictions? Are cannabis cultivators and ancillary pot stocks about to suffer? Let's find out The world has been in a panic ever since the new Chinese coronavirus disease—which is now officially known as COVID—began stoking fears of a global [ ]. Mar 05, · Cannabis companies that have operations in China, especially the ones that manufacture vape products, have been impacted by the coronavirus.
Why the Coronavirus Is Bad News for Pot Stocks | The Motley Fool. How Coronavirus Could Impact the Cannabis Market: Should Investors Be Concerned? - The North American cannabis industry is more reliant on China than you probably realize. After contending with potentially higher price points for these products inwhich was imapcted result of the trade war between China and the U. Save my name, email, and website in this browser for the next time I comment. Just as the cannabis weed stocks impacted by coronavirus looks to be recovering from a summer of scandal, scares, and sinking stocks, another crisis creeps up to try to knock the wind from its sales. Both direct and ancillary players within the pot industry could be adversely impacted. Of the companies owned properties, two reside in New York right now. The already struggling cannabis industry was hoping to benefit from legalization.
The coronavirus pandemic has affected the cannabis and psychedelics industries in many different ways -- some more negative than others. On Wall Street, mainstream stocks tanked Thursday in response to worries about the impact of the coronavirus on the U.S. and world. Pot Stocks Are Skyrocketing During Coronavirus Demand Spike, Cannabis The Coronavirus Pandemic Has Radically Changed the Way Companies Are.