In a recent episode of Benzinga Cannabis Insider, Morgan Paxhia, co-founder and managing partner of Poseidon Investment Management dropped a bombshell that is sending shockwaves through the cannabis investment community.
Last week the US economy got clobbered by the biggest banking collapse since 2008 when the parent of Silicon Valley Bank, SVB Financial Group (NASDAQ: SIVB) failed to raise enough capital to continue.
It is safe to say that the cannabis industry would not have progressed as much as it has if it were not for the people who believed in it. Cannabis advocates, lobbyists, growers, operators, consumers and researchers have consistently played a crucial role in the space. Nevertheless, without capital, the industry wouldn’t have advanced to where it is today.
Is the American cannabis sector facing the prospect of just a few players dominating the market? While worries abound in some corners of the space, sources say that is not the current case.
Come and meet extraordinary cannabis visionaries like Tim Seymour of Amplify Seymour Cannabis ETF (NYSE: CNBS) and Emily Paxhia of AdvisorShares Poseidon Dynamic Cannabis ETF (NYSE: