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Which companies would benefit from Biden - and which from Trump


Oil, weapons, pharmaceuticals, steel: How will the US election result affect business in various industries? An analysis.

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Gun shop in Colorado (archive image)



If Joe Biden wins the presidential election in America in just over a week, two other winners will already be known: the

cannabis industry

- and the

gun manufacturers


The Democratic presidential candidate and his vice-president of choice, Kamala Harris, have announced that they will decriminalize marijuana use.

Biden also supports the legalization of cannabis for medical purposes.

The effect on the growth industry should be intoxicating, especially as more and more states are letting go.

The financial analysis firm Morningstar expects the market for cannabis as a drug in the USA to grow by an average of 15 percent annually, that for recreational weed by almost 25 percent.

Biden's election victory is likely to have a similar boom effect for the

arms industry

, albeit for different reasons


Whenever the Americans expect gun laws to be tightened, they hoard rifles and pistols.

"I was very good for the arms manufacturers," Barack Obama once described the paradox.

In his aegis, sales in the industry did not fall, but increased.

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Source: spiegel

All business articles on 2020-10-27

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