Despite rampant industry optimism, pot stocks have had a lousy few months. With a relative lack of institutional investors active in the space, the blame often gets shifted to retail investors (ordinary folks) who have lost interest in the sector as hopes of rapid federal reform faded. Could the dynamic be changing?
- The Wall Street Journal says this year’s cannabiz deals “look safer than the last crop.”
- MJBiz says investors remain tepid, despite solid earnings.
- At New Cannabis Ventures, Alan Brochstein anticipates big operators “locking up brands through licensing or purchase,” with a focus on California and other western states.
- Meanwhile, Larry Schnurmacher of VC fund Phyto Partners is pivoting from pot to psychedelics in search of unicorns.
- Grown In argues cannabis is starting to look like a “barbell” industry, with top shelf brands on one end, value brands on the other, and nothing in between.