April 9, 2020
How COVID-19 Impacted The Cannabis Industry (in a good way!)
The COVID-19 virus has been a true nightmare for two important sectors: health and economy.
What is the COVID-19 Situation today?
At the time of writing this, (7th of April 2020), the respiratory pandemic has now reached a total of 1,351,752 according to worldometer.
More specifically, there are 988,816 currently infected patients, out of which 941,413 are in mild condition. Additionally, so far, we’ve had a total of 287,667 recovered/discharged cases in the world.
As of very early morning on the 2nd of April, the United States are representing the epicenter of the outbreak. Other countries that have been tragically affected by the virus at a large extent, include Spain, Italy, Germany and France.
Early last week, President Trump braced the nation for what could amount to between 100,000 and 240,000 deaths tied to COVID-19 in the United States.
How is the Economy going?
In addition to the direct threat of our physical well-being, the coronavirus is putting a lot of pressure on financial assets, and many parts of the world’s economy are starting to suffer.
More specifically, according to Reuters, world stocks were set to close their worst quarter since 2008, and European shares have had an even worst time, suffering their worst three months since 2002. Britain’s FTSE last endured such a drop in 1987.
Additionally, on the 11th of March, the iconic Dow Jones Industrial Average closed down by 1,465 points, or nearly 5.9%. Basically, it breached the important psychological level of closing down more than 20% from its all-time closing high. Meaning that the 123-year-old Dow Jones is officially in a bear market!
The measures being put into place for each country in order to slow the spread of COVID-19 has brought nonessential economic activity to a near-halt in a number of states and developed countries. This’ll probably result in a sharp recession in 2020, with the stock market absolutely taking it on the chin.
The Weed Stocks are blooming?
With all this corona-madness going on, surprisingly some businesses are actually doing well amid this chaos. The coronavirus crash has been largely indiscriminate of sector or industry, but some stocks’ sales could very well soar because of COVID-19.
According to reports, the marijuana industry is expected to triple in the next five years and many investors as well as businesses are looking to profit.
As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies. At Inflyx we can provide the absolute best services to help you invest within this trending industry.
In such difficult times, your business needs a liquidity provider that is transparent, diverse, flexible that also provides a stellar customer service, and we have you covered!
Our hardworking team is literally available at all times in order to support clients to the fullest. We are proud of our success because it is built on honesty, flexibility, diversity, experience and reasonable pricing structures.
Interesting Weed Stock Facts that can help.
Understanding the types of marijuana products is very important. There are two types of cannabis products: medical marijuana vs. recreational marijuana. Cannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).
Knowing the different types of marijuana stocks, will help you even further with your investments. There are Marijuana growers like Canopy Growth Corporation, Cannabis-focused biotechs like GW Pharmaceuticals and Providers of supporting products and services like Scotts Miracle-Gro.
We are always more than happy to assist and advise our current and potential partners and clients. Our aim is to always help businesses thrive; in any industry they choose to invest. Don’t hesitate to contact us for more information, we are looking forward to hearing from you!