H2 2019

The Paxhia, Managing Partners, Poseidon Asset Management | August 20, 2019

Here are 5 key take-aways from this interview with The Paxhia on what the second half of 2019 is shaping up to look like:   The Paxhias expected 2019 to be a tumultuous year and planned accordingly. In an industry that is growing exponentially—and quickly—they focused on the legalities of the industry, getting their governance in place, and expanding with integrity. They suggest others do the same and offer up some case studies. Sensible regulation and taxation is at the forefront of their minds. Overregulation may have been necessary to get recreational cannabis laws passed, but there has been some blowback. There must be a balance between releasing safe and regulated CBD products on the market and overregulating to the point of boosting the illicit drug market. E-cigarettes provide a cautionary tale for how to proceed—and not to proceed—within the cannabis industry. Cleaning house on bad behavior at the beginning of the year paves the way for a good second half. The tide is coming back to those who have operated with integrity. Their time is coming. Midwest growth potential is on the rise, which helps with the rebalance.   Watch below to hear The Paxhia go into more detail on these points.  

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