Is The Cannabis Investor Changing? As The Industry Goes Mainstream, Mainstream Investors Will Go Cannabis
By Tiby Erdely, founding partner of KEY Investment Partners
There is an uninformed myth that claims the earliest investors in the regulated cannabis industry were all unsophisticated cowboys, or earthy folks that believed cannabis was good for society as well as an untapped source of medical innovations. While this is at least a partially accurate portrayal of some early cannabis investors, most of the industry’s first financial backers were sophisticated capitalists who seized an opportunity to help create a new industry with the potential of producing huge profits.
However, what is universally true of these early investors was that they all shared an appetite for, and acceptance of, the risks involved in building businesses based on a plant that at the time was still very much illegal federally and in most U.S. states. With the growing acceptance that cannabis enjoys today, it can be difficult to recall just how risky those earliest investments could feel. But the risks in those early days were many and varied…
DISCLAIMERS: This site is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing on this site should be construed as a recommendation by Key Investment Partners LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. Nothing in this site may be considered as an offer or solicitation to purchase or sell securities or other services.
Leave a ReplyWant to join the discussion?
Feel free to contribute!