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How Easy It Is To Make Money In Cannabis

How Easy It Is To Make Money In Cannabis

How Easy It Is To Make Money In Cannabis

The Paxhia, Managing Partners, Poseidon Asset Management | Feb 08, 2019
Time is a very funny thing in this industry. We’re navigating the tides, and boy do they ever change, and change fast. It seems like it is so much more distorted recently, which we didn't think was possible. There is investment from Altria, reinvestment from Constellation, and Bazooka with Jewel immediately following, originating under Pax Technology prodigies. Additionally, we have seen Tilray with Novartis and AB InBev in the same day. It's pretty amazing. We can't believe that was all in a six month period– it's been like 30 years in half a year.  One might think that it's just so easy to make money in the cannabis industry these days. But we think it's a heck of a lot easier to lose money, because there's a lot of pressure from investment banks, the media, etc. Those are the entities making money off the 'this is the place to just rich quick' mentality. We've been doing this for five years now and certainly have seen our fair share of people get fleeced...

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Cannabis Economy is a real-time history of legal cannabis. We chronicle how personal and industry histories have combined to provide our current reality.