Next Trade War Target: Cannabis Consumption Markets
The United States and China are in an ongoing trade war that currently affects aluminum, steel, solar panels and washer industries. Next on the list: the cannabis consumption market. Most recreational marijuana is grown and sold within the U.S however, the devices used to consume them are fabricated in China. A tariff on these products can directly impact buyers, as an increase in price is likely to take place.
Lovely says the devices themselves are only a portion of a medication’s total cost, but states “For those who need it, they don’t have a choice.”