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There is now a growing investment industry around marijuana. In fact, investing in marijuana stocks represents a great opportunity for even the greenest (pun intended) investor.
A number of cannabis companies have gone public over the last several years, with the majority listed on a small exchange in Canada called the Canadian Securities Exchange (“CSE”).
Pitchbook recently released its 2018 results for cannabis related investments, and the data is impressive: 139 deals scooped up a whopping $881 million.
There is unprecedented support for marijuana legalization, and advocates say the midterm elections could mark the point of no return for a movement that has been gathering momentum for years.
Seymour is an asset manager who’s been focused on emerging markets for two decades and was drawn to the marijuana industry a few years ago due to the “tremendous growth” it offers.
With Canadian legalization kicking off on Wednesday, there’s still time to get into the green rush early.