The Limited Times

Now you can see non-English news...

Which companies would benefit from Biden - and which from Trump

2020-10-27T00:02:58.504Z

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



Icon: enlarge

Gun shop in Colorado (archive image)

Photo: 

EMILY KASK / AFP

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.

Read more with Spiegel Plus

More perspectives, more understanding.

Your advantages with SPIEGEL +

  • Icon: Check

    DER SPIEGEL as a magazine

    as an app, e-paper and on the e-reader

  • Icon: Check

    All articles on SPIEGEL.de

    Exclusive texts for SPIEGEL + readers

  • Icon: Check

    Try one month for free

    can be canceled online at any time

    A price

    only € 19.99 per month

One month for € 0.00

Try now for 0.00 € Buy nowArrow to the right

Already have a digital subscription? Register here

Restore iTunes subscription

SPIEGEL + is processed via your iTunes account and paid for with a purchase confirmation.

24 hours before it expires, the subscription is automatically renewed by one month at the current price of € 19.99.

You can cancel the subscription at any time in the settings of your iTunes account.

To use SPIEGEL + outside of this app, you must link the subscription to a SPIEGEL ID account immediately after purchase.

With the purchase you accept our general terms and conditions and privacy policy.

Source: spiegel

All business articles on 2020-10-27

Similar news:

You may like

Business 2020-08-28T16:43:13.477Z
Business 2020-10-04T01:51:17.376Z

Trends 24h

Business 2020-11-29T23:28:22.676Z

Latest

© Communities 2019 - Privacy