Pot Predictions: Cannabis And A Recession

8 months ago

A Recession and Cannabis: The push for cannabis legalization in the United States is in full swing. Although the sentiments toward the marijuana industry are currently bullish, many wonder how the burgeoning market will respond to a significant economic slump. Could the steady income from venture capitalists, private equity funds, and other investment streams help the weed industry hold its own? Or will they dry up and bring the expansion of the industry to a sudden halt? Jackie Cahan, Chief Financial Officer of Illinois-based supply chain management firm 240Logistics, shares her financial and banking predictions amid a possible recession in the cannabis industry.

The Cycle

Cannabis was hardly an industry during the Great Recession that took hold of the world economy in 2008. The world is a different place now and while much has changed, history will be the first to tell you that everything is cyclical, including economic recessions. While many Americans have feared a recession has been looming in the background ready to choke our economy, I don’t think things are going to be as doom and gloom as many have feared. Especially in cannabis, especially during an election year. 

Yes, swift and lasting changes need to be made in the cannabis industry to offer protections we simply do not have that most others do. The SAFE Banking Act is the perfect example of this. Without safe banking the future of cannabis remains uncertain, unsafe and unpredictable. But I believe that SAFE banking is on the horizon and it will be passed sooner than we think. There are many players in this game and while I don’t have a crystal ball, here’s what I think we all need to keep in mind as we navigate a year poised to be a major turning point in cannabis.

The Good

There are many industries that are recession-proof but there’s a difference between those who will survive a recession and those who will thrive. We all know “sin industries” thrive. Cannabis is a lucky participant of a sin industry as witnessed during the pandemic. Sin industries will see …

Full story available on Benzinga.com

Pot Predictions: Cannabis And A Recession

8 months ago

A Recession and Cannabis: The push for cannabis legalization in the United States is in full swing. Although the sentiments toward the marijuana industry are currently bullish, many wonder how the burgeoning market will respond to a significant economic slump. Could the steady income from venture capitalists, private equity funds, and other investment streams help the weed industry hold its own? Or will they dry up and bring the expansion of the industry to a sudden halt? Jackie Cahan, Chief Financial Officer of Illinois-based supply chain management firm 240Logistics, shares her financial and banking predictions amid a possible recession in the cannabis industry.

The Cycle

Cannabis was hardly an industry during the Great Recession that took hold of the world economy in 2008. The world is a different place now and while much has changed, history will be the first to tell you that everything is cyclical, including economic recessions. While many Americans have feared a recession has been looming in the background ready to choke our economy, I don’t think things are going to be as doom and gloom as many have feared. Especially in cannabis, especially during an election year. 

Yes, swift and lasting changes need to be made in the cannabis industry to offer protections we simply do not have that most others do. The SAFE Banking Act is the perfect example of this. Without safe banking the future of cannabis remains uncertain, unsafe and unpredictable. But I believe that SAFE banking is on the horizon and it will be passed sooner than we think. There are many players in this game and while I don’t have a crystal ball, here’s what I think we all need to keep in mind as we navigate a year poised to be a major turning point in cannabis.

The Good

There are many industries that are recession-proof but there’s a difference between those who will survive a recession and those who will thrive. We all know “sin industries” thrive. Cannabis is a lucky participant of a sin industry as witnessed during the pandemic. Sin industries will see …

Full story available on Benzinga.com