During the great American lockdown, marijuana sales are generally up, providing an opportunity for the industry. In most states, cannabis has been deemed, like alcohol, an essential service. This has been a financial boom for retailers and their investors and led to an uptick in sales for product companies.
Canopy Growth (NYSE: CGC), which is tied to Constellation Brands (NYSE: STZ), is seeing a slight rebound of their stock, as their liquor, beer, wine, and cannabis sales are very healthy. This gives the cannabis industry a window to gain larger acceptance with the consumer public. Millions of Americans are looking for something today to provide some mental relief. Medical marijuana can be used to help ease anxiety and help manage stress in an uncertain world.
“What’s important is that cannabis is considered a medicine, and people need access to the medicine during this time,” said Chanda Macias, of the Washington,