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.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago.
Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells.
