Morgan Paxhia is a visionary in the cannabis investment realm, and his journey from a traditional finance background to leading a cannabis investment firm is nothing short of fascinating. As the co-founder and managing partner of Poseidon Investment Management, he has played a crucial role in shaping the cannabis industry.
At the upcoming Benzinga Cannabis Market Spotlight: California, which will take place on Thursday, February 22 at BioScienceLA (4130 Overland Avenue, Culver City), Paxhia will be sharing his insights and experiences. He will discuss the challenges and opportunities he has faced while investing in the cannabis industry, as well as the pivotal moments that have defined Poseidon’s investment journey.
“In the early days, people and business potential were assessed. Because there was nothing to look at from a financial perspective, these were all brand-new companies starting for the most part,” Paxhia shared, reflecting on the early days at Poseidon. This pioneering spirit and the challenge of entering a nascent industry defined Poseidon’s early strategy.
Paxhia’s investment journey has been marked by strategic pivots, including expanding Poseidon’s investment scope to plant-touching companies. “We had to ask our investors’ permission to start investing in these plant-touching companies. Back in 2014, that was a bold move,” he recounted.
However, not all challenges have been easy to overcome. Paxhia reflected on one of the industry’s biggest challenges when former Attorney General Jeff Sessions rescinded the Cole Memo. “That destruction of the foundation that Sessions did exacerbate things,” he said—this period tested the industry’s resilience, shaping Poseidon’s strategic responses.
Despite the challenges, Paxhia remains optimistic about the future of the cannabis industry. “I think taking what we’ve learned and looking at where we’re going, I think, is the kind of important thing to do…presuming schedule three happens this year. I think it’s going to reignite growth in U.S. cannabis,” he noted.
Join us at the Benzinga Cannabis Market Spotlight: California on Thursday, February 22 at BioScienceLA (4130 Overland Avenue, Culver City) to hear directly from Morgan Paxhia. His deep dive into Poseidon’s journey and forward-looking views on the cannabis industry promise to offer invaluable insights and spark engaging discussions. Secure your spot at this must-attend event today, and engage with a top mind in cannabis finance.
Visit https://cannabismarketspotlight.com/ for more info.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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