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 Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
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