3 US Cannabis Companies Benefitting From The “Essential” Designation During The Covid-19 Outbreak – Technical420 – Technical420

From automakers to airlines, the global economy has been pounded by the coronavirus and this has put extreme pressure on the stock market. Although the coronavirus represents a major headwind for a wide range of industries, we have seen record demand at the consumer level for a variety of products.

During times of crisis, we commonly see consumers stock up on non-perishable items, precious metals, and alcohol. The coronavirus represents a turning point for the cannabis industry and we have seen several states deem cannabis as an essential industry. Over the last two weeks, we visited several dispensaries in Colorado that are reporting the strongest demand that they have seen in years. Based on the conversations that we are having with dispensary operators in California and Florida, we are seeing a similar trend to Colorado and believe that our readers need to be aware of this.

The coronavirus has forced millions of Americans are reporting to either be out of a job, to working on a part time basis, or to working from home. When it comes to the cannabis industry, we are most excited about the companies that are levered to states that have deemed cannabis to be an essential industry. We are also highly focused on the companies that provide delivery services as we consider this to be a possible beneficiary of the coronavirus.

A Las Vegas and California Growth Story

1933 Industries Inc. (TGIF.CN) (TGIFF) is highly levered to the cannabis opportunity in Nevada and in California and is a company that has been flying under the radar. At current levels, the US cannabis operator is trading at a significant discount to its peers and has a favorable risk-reward profile. We believe that 1933 Industries has significant potential catalysts for growth and are of the opinion that

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