Is the Marijuana Industry Recession-Proof?
August has been a rocky month for the international business community. Global markets have been whipped into a strange frenzy in the dog days of summer. First it was over concerns that Greece might default on its sovereign debt and leave the Eurozone. Then the strange ping pong drama of the meltdown of the Chinese stock market and the devaluation of the yuan gripped the financial world. The global economic temperature this month is absolutely “hot.”
While these issues may seem far removed from the marijuana industry, they are not. This starts with access to capital that many marijuana entrepreneurs are in search of right now, and many would-be green industry-minded venture capitalists and investor types are getting caught up in the international melee for any one of many reasons.
Investors are not only facing unstable international conditions however. The current short term performance of the U.S. economy seems strong,...
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