Friendlier laws on medical marijuana use in Canada are already drawing American investment north or the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.
Poseidon Asset Management, a San Francisco-based hedge fund focused squarely on the cannabis space, says it is considering boosting its Canadian holdings following Justin Trudeau’s election win.
We have one core holding up there currently but we would love to expand that. We wouldn’t want to put our (investors) at risk with that exposure in the United States. That’s why Canada is of interest to us, because we can then participate in that growth.
Read Alexandra Posadzki’s “Canada could grow into a global leader in marijuana investment on Trudeau win”: http://business.financialpost.com/news/agriculture/canada-could-grow-into-a-global-leader-in-marijuana-investment-on-trudeau-win