Coronavirus Anxiety Cannabis Sales Could Trigger Sector Resurgence
March 23 2020 - 11:21AM
InvestorsHub NewsWire
Coronavirus Anxiety Cannabis Sales
Could Trigger Sector Resurgence
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March 23,
2020 -- InvestorsHub NewsWire -- via NextBigTicker
-- The Coronavirus Crisis is causing mass
anxiety. People are concerned about their health and the
health of others they love, not to mention concern for the jobs and
maybe a little cabin fever. Mass anxiety is likely the reason
for recent record cannabis sales. Multiple reports are out on
dramatic CBD and Marijuana sales spikes. An ABC News story reported a 159% increase in
cannabis sales in California. The State of California has
declared cannabis stores as “essential” business operations that
can remain open during the Coronavirus shutdown.
Cannabis stocks have struggled over the
last year as the promising but more sober reality of the cannabis
sector opportunity has replaced the initial exuberance that came
with recreational legalization in Canada in 2018. Oddly, a
global crisis could be the catalyst that triggers a cannabis sector
resurgence.
Micro-cap cannabis stocks will be more
likely to enjoy the initial opportunity generated by the apparent
Corona driven increased demand for cannabis. Smaller
companies are generally more nimble and can adapt faster to change
and sudden opportunity. It also takes less opportunity to
move the needle for a smaller company. A sustained increased
demand may later impact larger cannabis sector
companies.
Puration, Inc. (USOTC:
PURA) and North American Cannabis Holdings, Inc. (USOTC:
USMJ) have already reported increased sales. Hemp, Inc.
(USOTC:
HEMP) and Sugarmade, Inc. (OTCQB:
SGMD) could also benefit from the increased demand. It’s
worth doing your research and finding a list of other micro-cap
cannabis companies that could also benefit. Now could be the
time to buy beleaguered stocks in the micro-cap cannabis sector and
potentially benefit from a PPS jump triggered by increased sales
coming out the Corona Crisis.
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Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
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