• August 05, 2020
    • Loading stock data...
  • The Week In Cannabis: Marijuana Stocks Outperform The S&P During Coronavirus Pandemic

    LinkedIn

    The coronavirus pandemic has affected the cannabis and psychedelics industries in many different ways — some more negative than others.

    While we continue to see massive layoffs, management shakeups and event cancellations across the board, businesses are struggling to adapt to their new situations, offering delivery services, free access to virtual platforms and more.

    Many cities have declared quarantines, but deemed dispensaries as essential services, allowing them to continue to operate under certain guidelines and limitations.

    “The COVID-19 virus has affected everyone’s normal way of doing business. Cannabis companies are more accustomed than most to pivot and pivot hard when things change overnight,” Green Market Report CEO Debra Borchardt told Benzinga.

    “Delivery services have increased, curbside options have begun and many dispensaries have vowed to remain open at some level. Sales are robust at most as the stress of this situation has caused many consumers to need cannabis to reduce anxiety or at least make the quarantine period a little more tolerable.”

    Read full article here: https://finance.yahoo.com/news/week-cannabis-marijuana-stocks-outperform-180515890.html

    Share.

    About Author

    Comments are closed.