💡💡One good point💡💡
Someone already posted the article but ill post it again Financial Passager Maker
The writer states (which is his own opinion)
"The company should be fairly recession proof in the sense that the cannabis industry is expanding rapidly due to the legalization of pot in North America and elsewhere. The use of pot and booze during hard times is not likely to diminish. Further, the company occupies a nice strategic niche in the cannabis industry. Competition and the number of players in other niches such as production and distribution make it more difficult for investors to profit."
This is to me is a satisfying statement as I have been thinking the exact same thing . The S&P and DOW have been in a 9 yr bulll run and there are impressions of an economic slowdown. With that I was thinking the other day about how it would effect GROW as it is the early stages of start up and thought it would really suck if all this happened and then it just got shutdown due to recession. But logicly it makes sense that alcohol and marijuana would be untouched since people dont stop consuming during hard these times.
Althought this is just ones opinion if lets say this were to happen in the next few years I Highly doubt this would get beaten up again, forsure there would be a retracement but not back to .05 cents extreme. Nothing is bullet proof but a good point nevertheless .