VIDEO: CB1 Capital Management CIO Discusses how Midterm Elections Impact US Cannabis Landscape
CB1 Capital Management CIO Todd Harrison discusses the impact of the US midterm elections on the American cannabis space and the industry more broadly. Harrison suggests the midterms will be positive for cannabis producers and users and indicates that the result of Michigan’s cannabis ballot question might illustrate the direction the nation is headed in terms of legalization. He believes the market downturn the industry experienced in October is part of the process of moving from retail to institutional investors. Harrison is still enthusiastic about investment opportunities in the space, pointing to the numerous international markets coming online and believes the medical side has significant untapped potential. Harrison expects the large Canadian companies to make accretive deals as soon as the US decriminalizes; however, he anticipates five to seven industry leaders in the North American cannabis space.
Original article: VIDEO: CB1 Capital Management CIO Discusses how Midterm Elections Impact US Cannabis Landscape
©2018 Midas Letter. All Rights Reserved.
Source: https://midasletter.com/2018/11/cb1-capital-management-cio-discusses-midterm-elections-impact-usa-cannabis-landscape/
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