Kush Bottles is One of the Hottest Marijuana Stocks on the Market
Kush Bottles is one of the hottest marijuana stocks right now. The packaging company has seen incredible growth as legalization has continued to spread across the country.
Nick Kovacevich is the CEO of Kush Bottles. He joins Cheddar to explain how and why his company has skyrocketed. Kush Bottles reported earnings on January 16th and posted incredible growth. Revenue is up 258% year over year to $8.85 million.
Kovacevich explains that Kush Bottles has been helped because they are in a growth industry. In order to maintain growth and success, Kovacevich says the focus has always been compliance. Kush Bottles has always prioritized being "beyond" compliant, and Kavacevich explains that they work with each state to do ensure they are.
Kavacevich argues for federal legalization because of the job potential. He believes the U.S. should be looking at the marijuana industry as industries like coal fall off.
The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets.
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