feeling impact: That is an issue as many companies chart out substantial growth rates from the recreational market, according to The Independent. While the ideas for medical use may be insulated from the elasticity of recreational demand, the 200 billion plus market value many analysts are assigning surely expects a pick up in recreational use that is proving difficult to map. However, now eight months on into the new era of liberal marijuana policy in the great white north, sales have actually decelerated and companies like Aurora Cannabis ACB Cronos CRON Tilray TLRY and Canopy Growth CGC are feeling the impact in quarterly reports. While the trend less than one year into legal sales may surprise many investors, the turn in the trend could have been expected by social scientists. Indeed, just the reverse may occur. We confront the paradoxical reality that if lawmakers want less of a certain behavior, they cannot be sure that prohibiting it will achieve the objective, Dwight Filley, senior fellow at the Independence Institute wrote in a 1999 issue of the Independent Review.
(news.financializer.com). As
reported in the news.
Tagged under feeling impact, market value topics.