“A Bright Spot:” Weed Investment Pros are Bullish

A pattern has emerged in the still-brand-new, still-precarious legal-cannabis industry: investors pour their money in, something happens to scare them off, and then they carefully step back in.

This is not unique to cannabis, said Emily Paxhia, managing partner at Poseidon Asset Management, during an online confab with other investors last week. “With emerging markets,” she said, “these types of cycles are not only inevitable, they’re necessary.” She ticked off a few such instances. There was last year’s

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