companies are gearing up for a boost in sales as stimulus checks start hitting people's bank accounts.
"Literally it'll be as simple as people will buy more weed," Ben Kovler, the CEO of Chicago-based cannabis seller Green Thumb Industries, said on a recent call with investors. "From the front lines, I can tell you it's bullish," Kovler told Insider in a follow-up interview."It's exciting for us. It's really all about the product."
When the first round of stimulus checks was distributed in April, cannabis dispensaries saw one of the biggest upticks in sales in the history of the legal market, according to cannabis software and data firm Akerna. In March, when lockdown orders first went into effect, people stockpiled cannabis products. as well.
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Consumers spending stimulus checks will boost airlines, cannabis and these other stocks, Cowen saysNew for subscribers: Consumers spending stimulus checks will boost airlines, cannabis and these other stocks, Cowen says. Check out CNBCPro today. Pro 마음을 지키면 생명의 근원 FridayVigilForAll Pro My refund is worth 2 times as much as the stimulus! Call your congressman if you haven’t received tax refund. They need to know this is unacceptable
Source: CNBC - 🏆 12. / 72 Read more »
Macy's CEO says company is already benefiting from vaccinations and stimulus checksGennette said business from loyal Macy's customers is already up by 10% from the company's fiscal fourth quarter. Great news 95% only bad news( Of course they are. Big Corps are welfare Queens. All of the stimulus money will eventually trickle down to them.
Source: CNBC - 🏆 12. / 72 Read more »
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Source: WSJ - 🏆 98. / 63 Read more »