Cannabis Hedge Fund Pursues Triple Bottom Line

Morgan Paxhia Emily Paxhia Poseidon Asset Management

Sister and brother Emily & Morgan Paxhia launched one of the first cannabis-focused hedge funds in 2013 and now have a portfolio that includes 27 companies, including Baker and Tradiv.  The Paxhias have a very personal connection to cannabis that began with the passing of their father two decades ago, when the hospice nurse suggested to the family that he consider using cannabis, which he declined due to the stigma. Jeremy Berke described the genesis of the firm and the Paxhias’ complementary skill sets that have helped them to grow their firm as they pursue a “triple bottom line” of helping their investors achieve good financial returns while also achieving social and environmental goals.

Read Jeremy Berke’s “Meet the brother-and-sister team behind one of the first cannabis-focused hedge funds”:

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