Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

3 Pot Stocks Impacted by COVID-19

Penny Pot Stock COVID-19It’s official. The World Health Organization (WHO) declared Coronavirus disease, COVID-19, a pandemic on March 11 and it is wreaking absolute havoc on financial markets worldwide – disrupting supply chains in various industries, including the legal cannabis and hemp industry. Our analysts understand that this disease will continue to have a significant impact on the global cannabis and hemp industry. In fact, there are three main reasons why COVID-19 will continue to diminish cannabis and hemp stock values.

Have we seen the bottom of the cannabis and hemp market yet? Our analysts believe that cannabis and hemp stock values may continue to decline in the coming months.  

Health experts continue to speculate about how long this pandemic will truly last here in the US but a recent study by the Imperial College of London suggests that we are only at the beginning of an 18-month ordeal.

Here in Colorado, Governor Jared Polis just mandated a shelter in place order – effectively closing any non-essential businesses. This trend continues in several other cities and states where cannabis is legal. In many cases, non-essential businesses include cannabis dispensaries. This will certainly impact local cannabis companies and multi-state operators (MSO), alike, doing business in Colorado and throughout the USA. 

3 publicly traded pot stocks will continue to be impacted by the spread of the virus – these include cannabis companies like Curaleaf Holdings, Columbia Care, and Medicine Man Technologies.

Best Hemp and Cannabis Stock Investment

Should You Invest in Curaleaf Cannabis Stock?

Curaleaf (CURLF)

Curaleaf is a major MSO player in the cannabis game. Curaleaf is currently in the process of becoming the largest cannabis company in the world with vertically integrated cannabis operations in ten different states – most of which will likely move to adopt and mandate shelter in place ordinances for the next several weeks thereby significantly encumbering sales of cannabis products and eroding stock values.

Columbia Care Pot StockColumbia Care (CCHWF)

Columbia Care recently made a significant move into the Colorado cannabis market with the acquisition of The Green Solution (TGS) for $140 million. Right now, TGS is the largest vertically integrated cannabis operation in Colorado. They operate over 20 dispensaries and now have cultivation capacity for nearly 50,000 lbs. of cannabis with plans to triple capacity in the next three years.

TGS operates 23 dispensaries in Colorado now with 48,000 pounds of cultivation capacity with combined indoor greenhouse and outdoor flower. The company has plans to expand cultivation to 150,000 pounds by 2023 providing for over 200% growth in the next few years.

Without the ability to sell product, this stock price will certainly be impacted.

Medicine Man Pot StockMedicine Man Technologies (MDCL)

Few cannabis companies are as ubiquitous to Colorado as Medicine Man Technologies. The company is currently working on acquisitions of a dozen independent cannabis operators and expects to finalize the acquisitions in the coming months. Once the acquisitions are complete Medicine Man will have a total of twelve cultivation operations, seven infused manufacturing operations and thirty-four dispensaries across the state. 

The sustained impact from COVID-19 may continue to erode the value of this stock.

3 Pot Stocks Impacted by COVID-19

Curious about other pot stocks which may fare better throughout the COVID-19 pandemic? See our Featured Companies page to learn about our pot stock and penny pot stock recommendations. 

About Cannin: Cannabis and Hemp Investment Experts

Market analysts expect the cannabis and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in cannabis and hemp stocks is now! Are you looking to buy stock in hemp companies or cannabis companies? Interested in emerging penny pot stock companies? Looking for the best Canadian pot company to invest in? Cannin is your trusted resource for information about Cannabis and Hemp stock investment opportunities. Our global team of experts evaluates emerging cannabis stock investing companies. We aggregate hundreds of hours of research and distill it down to make it easy for our investors to understand. We provide tips on the best cannabis and hemp stock investments for 2020. We provide the latest hemp investment news and analysis. Visit our site for cannabis investing news and featured companies, sign up for the free Cannin Chronicle or get a free trial of our smart cannabis and hemp stock algorithm to take the guesswork out of profiting from this exciting industry. Predict the price of cannabis and hemp stocks hours in advance with our machine learning algorithm. Is it too late to invest in marijuana? No! This is the perfect time.

Profit from the best Cannabis and Hemp stocks – we’ll show you how at