Poseidon Asset Management Co-Founder and Managing Director Morgan Paxhia joined Jesse Redmond, Head of Cannabis at Water Tower Research, to discuss the recent rally in cannabis stocks. The potential to move cannabis from Schedule I to Schedule III has ignited the space. Paxhia and Redmond covered what’s gone up the most, why these stocks have surged, and what types of names investors may want to own moving forward. They also touched on Maryland launching adult-use sales and contemplated when Ohio, Pennsylvania, and Florida may make the move to recreational cannabis. The conversation concluded with Paxhia sharing the biggest risk we should monitor heading into the New Year.
