Markets and Credit are Down, But Marijuana is Higher
httpv://www.youtube.com/watch?v=Ks9uZrYqNWY There are a few products and services which are recession proof. Some such as Dollar Tree (DLTR), TJMaxx (TJX), and alcohol (DEO) even do better in recessions. You can now add marijuana to that list.
California’s Board of Equalization estimates they are collecting up to $100 million a year in sales taxes from medical marijuana. However, this is just the tip of the iceberg. According to California’s Legislative Analyst’s Office, legalizing marijuana could net the troubled state approximately $1.4 billion in revenues.
If you are looking for an uncorrelated asset with strong growth opportunities, you may consider putting that MBA to use in Oakland rather than Wall Street.