Is marijuana real estate pandemic proof?

Question

A number of states deemed marijuana shops “essential” businesses and pot sales were up in recent weeks.

Does that mean marijuana real estate is pandemic-proof?"

(Sebastian Obando|Mar 31, 2020) www.nreionline.com

Account Closed · Answer

Are their customers pandemic proof?

Sarah Waterman · Answer

@Ronald Rohde

Funny you should say that Ronald.

I'm with a specialty tax firm, our phones are ringing with vigor from funeral home directors!

Tony F. · Answer

Probably more failing cannabis companies then any other sector. The companies that are well positioned, managed and funded will be pandemic proof.. but 20 will fail for every 1 that makes it. Lease to this 1 in 20 company and you win.

Account Closed · Answer

@Sarah Waterman

No.

Why? Because you can only smoke so much of the devils lettuce. It is likely sales 4 months from now will be BELOW March’s for both toilet papered and weed.

Pregnancy tests, divorce inquiries, all to go up over the next 12 weeks. Weed, down unless this lasts 20 more weeks and then another blip.

Tony F. · Answer

@Sarah Waterman

Both CBD and cannabis companies failing, totally diff markets.

No you won’t be buying cannabis at cvs any time soon, to much tax for the states on the table to deregulate.

Sarah Waterman · Answer

@Sue K.

roger that!

Ronald Rohde · Answer

Yeah, definitely find the lower cost services like cremation, big elaborate funerals are declining!

https://finance.yahoo.com/news/funeral-services-industry-outlook-prospects-124812627.html

Sarah Waterman · Answer

@Tony F.

Tony I haven't done the research yet I wonder if more cannabis companies are failing or more CBD companies are failing

the CBD industry has become completely commoditized you can now buy CBD in Walgreens (I did extensive research on CBD)

So maybe in the future we can buy a weed from CVS???

Sarah Waterman · Answer

@Ronald Rohde

agreed.

death and taxes, definitely recession proof

Sarah Waterman · Answer

@Kris H.

i agree with you Kris, cannabis￼ real estate properties are  not recession proof.

but funeral homes are recession proof... ;)

Is marijuana real estate pandemic proof?

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