Why the Weed Business Looks to Be Recession-Proof

In states both legal and illegal, people are turning to cannabis to cope with an unprecedented situation

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7 min readMay 14, 2020

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A licensed cannabis shop in Studio City, CA on April 16, 2020. Photo: MediaNews Group/Los Angeles Daily News via Getty Images

In tense times, certain sectors of the economy always seem to do well. The 2008 recession saw thriving liquor sales, and the pandemic has led to a similar pattern: During the first six weeks of lockdown…

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