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canneconomy cannabis medical marijuana

3 More Myths

The Paxhia, Managing Partners, Poseidon Asset Management | October 4, 2019

The Paxhia returns to debunk three more myths surrounding the cannabis economy. 2019 has been the year of the stress test for cannabis companies. Forecasted numbers haven’t reflected the reality of the industry. Indeed, execution and regulation are at play here. In addition, Morgan discusses how investors react to the reality of the market. Massachusetts gets a moment in the spotlight. Pro forma suffers from its own fact vs. reality issues, which Morgan discusses in depth. Another myth Morgan outlines is the “too big to fail” philosophy. He gives examples of other companies that have fallen prey to their own size. Myth three is that the winner has already been established. The cannabis economy is experiencing a “tortoise and hare” moment where anything can happen. Morgan wraps up the discussion with a brief look into history’s bubbles and how unpredictable they truly are. Hear the rest of Morgan’s insights regarding cannabis economy myths and how his investment firm, Poseidon, reacts to them by watching the full interview below.

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