The cannabis industry has come a long way from the days when there was no clarity with regards to legalization. The recently found medical benefits of cannabis have also played a good part to further the industry growth. The legalization of cannabis in Canada last year and further relaxation of rules in many countries in the world has come as a major boost for the industry. While the sector has been under a bit of a slowdown over the past few months, many of the top pro-Cannabis investors remain optimistic about the sector. Four experts of the marijuana sector attended the Cannabis Capital Conference hosted by Benzinga at Chicago on Tuesday.
The event was attended by Roderick Stephan, one of the partners at Altitude Investment Management, Seymour Asset Management CIO Tim Seymour, Poseidon Asset Management managing director Michael Boniello, and Cresco Capital Partners managing partner Codie Sanchez. The main topic of discussion between the four experts was regarding the direction of the cannabis industry. In addition to that, the present slowdown in the industry was also discussed by them and one of the most important discussions involved their vision about the future of the industry in the coming months.
At the end of the day, seasoned investors often do not look too far into the future and considering the current state of the industry, it is understandable that investors are more focused on the immediate future. However, Sanchez seemed to suggest that since most of the marijuana stocks are beaten down considerably at this point in time, it would be a good time to invest in the stocks. She said, “There’s no better time to invest in cannabis than right now.” There are definite growth triggers for the sector in the coming months and it is almost certain that many of the stocks might benefit from the upcoming developments in the industry.