Equity Research Consumer & Cannabis Managing Director Aaron Grey Says You're Seeing Tightened Wallet From Consumer; Not Just In Cannabis; Really Impacting Consumer; Seeing Cannabis As More Staple Social Lubricant
Portfolio Pulse from Benzinga Newsdesk
Aaron Grey, Managing Director of Equity Research Consumer & Cannabis, notes a tightened consumer wallet impacting various sectors, not just cannabis. Cannabis is increasingly seen as a staple social lubricant.
October 08, 2024 | 3:45 pm
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NEUTRAL IMPACT
The tightened consumer wallet is impacting various sectors, including cannabis. However, cannabis is increasingly viewed as a staple social lubricant, which may support demand for MSOS.
While the tightened consumer wallet could negatively impact discretionary spending, cannabis's role as a staple social lubricant may help maintain demand, balancing the potential negative impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50