Trump’s Tariffs Could Boost A Surprising Billion-Dollar Industry

As President Donald Trump‘s tariffs shake up domestic industries and rip up longstanding trade agreements with countries near and far, a certain billion-dollar industry might ultimately find itself in the green.
If you guessed the cannabis industry, go to the head of the class.
Derek Chase, CEO of Los Angeles-based FLORA+BAST, contends that the unintended consequences of tariffs could push businesses toward more eco-conscious, locally sourced solutions. Chase quite likes the idea of developing home-grown solutions.
“Having more domestic options is a positive consequence of this extra tax layer and makes our USA-made goods more price competitive since our competition will likely want to raise prices to maintain profitability,” he told Benzinga.
“But yes, since we love our Mexican suppliers and only aim to grow that part of the business, the 25% does …Full story available on Benzinga.com

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