A reminder of how skittish cannabis investors can be, from Poseidon Asset Management‘s Emily Paxhia:
“When Maureen Dowd ate a chocolate bar and freaked out in a hotel room [in 2014], capital ran from the space,” Paxhia said during a CannabisLAB-produced investors conversation earlier this month. In that context of chronic shakiness we deliver good news: Apocalyptic flare-ups aside, the future of weed looks promising.
- Banking and other federal regulation of cannabis could result as local governments around the United States are “hemorrhaging cash.”
- Despite the optimism earned through pot’s still-new essential status, pandemic and further economic downturn restrain Paxhia’s optimism while she “would now add social unrest and maybe even a constitutional crisis as potential risk factors.”