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Building materials and textiles as well as food derived from hemp are often lower cost than their contemporary counterparts. Much like alcohol, companies that produce the staples (breads, dairy, etc) also do well in economic slow downs. Please note that I am not even suggesting an economic downturn is upon us. Rather, I am presenting a hypothesis as to how this industry may perform in economic downturns as well as upturns.
And that is the basis for my hypothesis that investing in this industry just may be a tool to benefit from a heating economy as well, at a minimum, partially mitigating the effects of a cooling economy. Only time will test this hypothesis but if that snapshot of the MJ indexes compared to the Dow is representative of the industry over time, then we may be witnessing the big bang of a recession proof and high value industry that touches several aspects of our lives (food, medicine, remedies, supplements, functional beverages, textiles, building supplies, animal care, etc).