Canadian Cannabis Industry Could Attract More American Institutional Investors

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.

Morgan Paxhia Poseidon Asset Management
Morgan Paxhia, Managing Director & Chief Investor at Poseidon Asset Management, LLC

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

Before this cannabis stock news is here, it’s published to subscribers on 420 Investor.

Published by NCV Newswire
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The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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