Podcast: $80 Billion in Pot Sales by 2030, and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

according to Cowen analyst Vivien Azer. To put that in context, sales-for both legal and illegal pot-are about $50 billion a year now.

Big Ganja should get bigger as those companies overcome supply issues. That’s what put a crimp in sales this past fall when recreational pot use became legal in Canada.

Pot sales are expected to be so good, even the companies that provide the pot packaging-such as KushCo Holdings -stand to benefit.

-for the 12 months ended in the third quarter of 2018. Hardline sales include appliances, furniture, and hardware.

The company filed for bankruptcy late last year. And despite Chairman Eddie Lampert’s efforts to salvage some stores, he may be running out of time and options, according to the Wall Street Journal.

If Sears is ultimately liquidated, home improvement retailers like Home Depot and Lowe’s could see a lift in their sales. Because as much as $3 billion of Sears’ sales of home improvement goods is up for grabs.

-with U.S. stocks creeping back up after the December swoon.

Perceived progress in U.S.-China trade talks helped. Maybe it will even help extend the stock market’s gains despite the government shutdown weighing it down some. But this a funny market, so say the pros Barron’s talked to.

Not ha-ha funny. Funny as in unpredictable: One day Apple has a trillion dollar market cap. Fifty days later, its value has dropped by one quarter.

Numbers by Barron’s is a new daily podcast. Find out more here.

This episode was hosted by Crystal Kim.

Write to Crystal Kim at crystal.kim@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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