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VIDEO: Two veteran investors on how to bet on the spread of US marijuana legalization

Published by Business Insider on Mon, 03 May 2021


<bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Amid a slew of newly legalized states and a number of federal cannabis-related bills on the table, cannabis is sweeping across the US.</p><p>Investors, in return, have ample room to benefit from the growing industry.</p><p>That's according to Emily Paxhia, a cofounder and managing partner of Poseidon Asset Management, and Mitch Baruchowitz, a managing partner at Merida Capital Holdings, who both say that they're excited at how the cannabis industry has matured over the past few years. Paxhia and Baruchowitz have <a href="https://www.businessinsider.com/top-16-cannabis-venture-capital-funds-in-2020-and-where-they-invested-2020-12">been investing in cannabis</a> since 2013 and 2016, respectively.</p><p>On Thursday, April 29, Insider heard from the two veteran investors about how we should bet on the cannabis industry, especially as the US market <a href="https://www.businessinsider.com/us-cannabis-market-size-projection-100-billion-by-2030-2020-12">balloons into a multi-billion dollar industry.</a>&nbsp;</p><p>One piece of advice they imparted was that investors should <a href="https://www.businessinsider.com/how-to-find-unnoticed-us-cannabis-companies-stocks-2021-4">look beyond the biggest players.</a></p><p>Then biggest players are safe bets, they said, but over time companies in the US have fallen into different size tiers that all have a number of good options for investors.</p><p>The companies in the lower tiers aren't there because they're any worse at operations or management than the industry's giants. They're merely smaller.</p><p>"There's another awesome tier of people who haven't quite punched through, but they're really showing some strong operations and great assets," Paxhia said.</p><p>Paxhia and Baruchowitz also both said they favor US multistate operators, or MSOs, over their Canadian counterparts because of how they've managed their operations and grown amid a capital slowdown. The frenzy of stock movements <a href="https://www.businessinsider.com/cannabis-stocks-tilray-aphria-sundial-surge-on-reddit-analysis-2021-2">fueled by Reddit forum Wall Street Bets</a> hasn't been indicative of the best companies in the space, they added.&nbsp;</p><p>"We feel like the better companies are OTC listed, you know, US MSOs or other globally focused companies that aren't bleeding cash," said Baruchowitz.&nbsp;</p><p>Watch the full webinar above.</p><p><a href="https://www.businessinsider.com/how-to-invest-in-cannabis-video-panel-poseidon-merida-2021-5#comments">Join the conversation about this story &#187;</a></p>
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