Brett Gelfand
Despite the fact the world is gradually returning to some degree of normalcy after the onset of COVID-19, the pace of inflation in the U.S. is still surging unabated.
In 2021, inflation reached a peak of 7%, and over the subsequent 12 months, it continued to increase.
Businesses and consumers are equally struggling.
While most people focus on the damage that inflation causes consumers, the same damage is also inflicted on businesses that are attempting to keep prices low enough to service their customers while still surviving difficult economic times.
The stock market is also falling sharply, and the certainty of whether it will recover is unknown.
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Early in January 2022, the Dow Jones Industrial Average was about 36,800; by the week before Christmas, it had dropped close to 4,000 points.
Inflation has had a substantial detrimental impact on the cannabis market, particularly in
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