The incessant talk of recession and bear markets might be as depressing as it is inescapable.
Most of us immediately categorize these stories as “bad news,” which is fair enough.
The reports do sound dire. But are they, really?
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Since we’re likely to be hearing these terms a lot, it’s a good idea to remember precisely what they mean – and to evaluate the likely effects on the cannabis industry as well as individual businesses.
Economics primer
To review: A recession is an economics term. It means two consecutive quarters of negative economic growth.
Growth is measured by gross domestic product (GDP), or what the nation earns.
The U.S. economy (currently valued at $21 trillion per year) maintained average growth of 3.14% per year from 1948 to 2022.
GDP growth in the first quarter of 2022 was negative, and data from the second quarter, which will be released
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