Canada Captures U.S. Cannabis Investment

One of the promises that propelled the Liberals to power is the proposed legalization of marijuana. It won’t happen tomorrow, but many are banking on the idea of weed becoming legal. Sean O’Shea reports.

Friendlier laws on medical marijuana use in Canada are already drawing American investment north of the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.

Poseidon Asset Management, a San Francisco-based hedge fund focused squarely on the cannabis space, says it is considering boosting its Canadian holdings following Justin Trudeau’s election win.

“We have one core holding up there currently but we would love to expand that,” says Morgan Paxhia, the hedge fund’s founding partner and chief investor.

– Read the entire article at Global News.