Surprise! The spread of the COVID-19 illness can have a negative impact on pot stocks in a variety of ways.
In case you missed it, the World Health Organization (WHO) made the announcement that most people were expecting this past Wednesday, March 11: Coronavirus disease 2019 (COVID-19) is officially a pandemic.
The COVID-19 lung-focused illness has cropped up in 110 countries around the world, has been confirmed in close to 114,000 people, and has led to over 4,000 deaths, according to WHO as of March 10. Given COVID-19’s higher mortality rate among the elderly and people with compromised immune systems, this has led to seemingly unprecedented global responses at the governmental level, including a complete lockdown in Italy, as well as a halt to college classes, special events, and major gatherings in certain U.S. states.
– Read the entire article at The Motley Fool.