Pot Sales Jump as More People Stay at Home: Bank of America
Source: Bloomberg
(Bloomberg) -- More people stuck at home has led to a higher demand for cannabis, and Aphria Inc. is one of the best-positioned companies to take advantage of that trend, an analyst at Bank of America said.
Our checks across North America were consistent: regardless of region, cannabis purchases have accelerated, analyst Christopher Carey said in a note. While likely on pantry loading, its not unreasonable to think there will be some boost to per capita consumption as people stay at home longer.
Read more: https://finance.yahoo.com/news/pot-sales-jump-more-people-123245158.html
It's interesting that here in Nevada the governor has ordered all non essential businesses to close, but pot dispensaries are on the list of essential services and will remain open.
samnsara
(17,622 posts)getagrip_already
(14,764 posts)Friends and family are happy though. I don't sell it, but it is a fun hobby.
Perfectly legal btw.
uncle ray
(3,156 posts)Its already relatively safe as far as retail sales go.
Bernardo de La Paz
(49,005 posts)State your order at the curb, wait at curb, receive at curb.
marble falls
(57,104 posts)hospital a couple of weeks ago and now that she's out is scarily fragile.
Liberty Belle
(9,535 posts)You know it's bad when the marijuana industry tells you not to smoke pot!
https://news.yahoo.com/cannabis-lobby-warns-against-smoking-due-coronavirus-213809983.html
To avoid spreading the novel coronavirus, marijuana smokers should avoid sharing joints and should favor edible products, US cannabis industry figures said Wednesday. Erik Altieri, executive director of NORML, a major US pro-cannabis lobby also called on users to not share the various tools they might use to smoke marijuana -- including bongs, water pipes or vaping pens -- and to clean them with disinfectant gel. "Further, because COVID-19 is a respiratory illness, some may wish to limit or avoid their exposure to combustive smoke -- as this can put undue stress and strain on the lungs. The use of edibles or tinctures can eliminate smoke exposure entirely," Altieri said in the statement.
totodeinhere
(13,058 posts)We need to keep our lungs as healthy as possible since this virus attacks the lungs. But I doubt if many smokers will heed this warning.
NotHardly
(1,062 posts)Marcuse
(7,488 posts)NotHardly
(1,062 posts)Mazeltov Cocktail
(569 posts)Caronaboomers --- which is the name of my Jonas Brothers cover band...
rocktivity
(44,576 posts)since the restaurants are closed (and more expensive anyway) and more people are cooking at home...
rocktivity