Coronavirus Anxiety Cannabis Sales Could Trigger Sector Resurgence


 

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 meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Source: www.nextbigticker.com
 

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