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Old 01-02-2020, 02:28 AM #1
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Rumors of USA Recession ? If so will Cannabis be impacted?

Here in social there are many licensed Cannabis shops with delivery services starting at 70 an oz for mid greenhouse within an 15 mile delivery area in orange county.

With current economy downturn rumors
Will this force out more mom and pop Cannabis operations to move to other places?
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Old 01-02-2020, 02:34 AM #2
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In Hemet CA (inland empire) there ws one little dive dispensary on Hwy 74. It closed. The delivery service (Da Spot) has better deals and it arrives on your driveway in no time. But what are you getting?

As for the economy, there is the free printed economy for them, low wage high infltion economy for the rest of us. IMO dope is priced by the law of supply and demand, with a little LE activity to tip the scales in favor of demand.
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Old 01-02-2020, 02:36 AM #3
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I don’t know about the next time around, but I can say I did just fine in 2008. With the new laws however, it may finally start to hit the smaller guys. A lot has changed. I would guess that black markets particularly in prohibition states will also be just fine. Being unemployed doesn’t stop folks from seeking relief and relaxation.
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Old 01-02-2020, 02:40 AM #4
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BUSINESS
Pot firms face a cash crunch and no access to U.S. bankruptcy protection

MedMen recently slashed its corporate staff by more than 40%. Above, marijuana products for sale at a MedMen store in 2018. Story from need la times..
DEC. 17, 2019
3:47 PM
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Old 01-02-2020, 03:34 AM #5
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Recession will affect all sales.
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Old 01-02-2020, 06:56 AM #6
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Home grown is beyond Economics/Government control!!!
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Old 01-02-2020, 07:15 AM #7
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People don't smoke less Cannabis during a recession.

Especially if they're laid off and have more sofa time.

There's plenty of Cann. start-ups that over did it with the debt so that will strangle them if "industry revenues" collapse.

The Gifting Industry is going strong.

Some guy bought a lamp, gave them some big Sativa buds.
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Old 01-02-2020, 07:30 AM #8
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I'll start growing for fiber (halfway a joke)
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Old 01-02-2020, 08:06 AM #9
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Recession hits us all in different ways. I'm sure it will impact both small and large growers in one way or another, as it impacts the consumer. Now how much that impact will be is unknown. Too many variables.

I do know that weed will get you through times with no money better than money will get you through times with no weed.

I also know it won't impact me much one way or the other.
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Old 01-02-2020, 07:53 PM #10
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Quote:
Originally Posted by Medfinder View Post
BUSINESS
Pot firms face a cash crunch and no access to U.S. bankruptcy protection

MedMen recently slashed its corporate staff by more than 40%. Above, marijuana products for sale at a MedMen store in 2018. Story from need la times..
DEC. 17, 2019
3:47 PM
Well ya, for the pump n dump scammers. MedMen isn’t exactly the little guy. It’s a multi million dollar operation that’s running on investor cash through stock dilution practices. Im not sure they’ve ever been profitable as a company. The two dudes that started it are living like playboys flying in private jets, writing million dollar bonuses for themselves, and hemorrhaging cash that came from eager investors.
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