5 Marijuana Stocks That Can Make Money During a Recession

Last week, the stock market turned in its worst performance in more than 11 years. When the curtain closed, the 123-year-old Dow Jones Industrial Average, technology-laden Nasdaq Composite, and benchmark S&P 500, declined by 12.4%, 10.5%, and 11.5%, respectively. It also represented the quickest descent into correction territory for the major indexes in history.

At the heart of these declines is growing concern surrounding the spread of coronavirus disease 2019 (known officially as COVID-19), the lung-focused illness that's killed almost 3,000 people and sickened over 87,000 globally, as of March 1. Should COVID-19's spread continue globally, there's the real possibility of supply chain disruption and a U.S. or global recession.

Generally speaking, most industries don't fare well when a recession strikes. That's because businesses and consumers tend to pare back their discretionary spending. However, there are a few companies within one of the fastest growing industries on the planet -- marijuana -- that should fare just fine if a North American or global recession ensues. If things continue to grow bleaker, economically, look for these five marijuana stocks to make money.

Source Fool.com