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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.
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