Gun and Cannabis Stocks on the Rise Prior to Election
It’s no secret that cannabis has been doing well during COVID while other industries are struggling, but now, there’s a new reason why the industry is thriving. As the election nears, sales and stocks of both cannabis and firearms and soaring.
Many believe this is because of the growing social unrest in the U.S., as well as the possibility of a Democratic election sweep that could legalize cannabis and enact stricter gun control. As a result, people are jumping to stock up on guns just in case they are no longer readily available, and also investing in cannabis, as they expect the industry to thrive.
“Sales this year started off like any other year,” said Garrett Porter, a machine gun manufacturer based out of Apopka, Florida. “We anticipated a build-up toward election. But with COVID, a panic was created that unfurled into the civil unrest that followed.”
Guns, Drugs, And Money
Porters’ company, Special Ops Tactical, says they have sold 20,000 semi-automatic machine guns in 2020 and plan to make 10,000 more. In a normal year, they sell between 5,000 to 9,000.
“There became this heightened sense of concern for American citizens and a fear of the unknown,” he added.