Tough times ahead?True, we might be heading for a recession, or rather for stagflation which is a recession + inflation. A windy + rainy day. Yuk. However I do not think people will stop smoking pot or healing themselves with medical cannabis because everything looks bad and depressing. To the contrary.
We are about to find out that, as bad as it might look right now, cannabis is a recession-proof industry. Just like the food, tobacco, liquor industries. Demand will still be there.
The problem right now and in the near future is with the offer. Cannabis providers are in really bad shape, because of the taxes that keep the illicit market alive, but mostly because of their own fault. Badly managed companies who fully committed to cultivation and can't now turn back are now falling one after the other like petals from a rose. Nextleaf is the brand new bud about to pop open in full blown, if I may say. Oh man, the weather is so nice in Montreal right now...