Thursday WPO Listens

WPO

Stocks rebounded today as March volatility continues. This time markets were in rally mode with the S&P 500 climbing 1.26% to 2,066. U.S. stocks have crossed back into positive territory for the year.

Today was another Cannabis Investor Webcast series with several companies presenting. Derwin Wallace is a tenacious entrepreneur and we believe he is doing a good job of getting companies in front of investors.

Daily Positive: The CARERS Act may be the long overdue catalyst for the space as enthusiasm seems to have returned, at least for the day.

Daily Negative: Staying focused on the positive side again.

We are in Southern California today. Emily Paxhia, Steve DeAngelo and Troy Dayton have been invited to speak at a World Presidents’ Organization event later today.

Cannabis conferences seem to be popping up every week, which is great. However, there is a tremendous number of people that still don’t understand the industry’s potential like those of us that live it everyday. We see this WPO opportunity as a further sign of progress for the industry’s acceptance with key influencers.

 

The discussion above is provided for informational purposes only and does not constitute an offer of, or solicitation for, any investment services or products offered by the author. The author is not making any investment recommendations and the opinions above do not constitute investment advice. Reference to above indices [and companies] is based on information provided by sources the author believes to be credible. Investing in the cannabis industry, as with other industries, presents certain risks including the risk of loss on an investment.

Morgan is a Founding Partner and Managing Director of Poseidon Asset Management. He is the Chief Investor of their Cannabis Focused Fund. Morgan previously worked for a privately owned Registered Investment Adviser and earlier was at UBS Financial Services focusing on wealth management. Morgan believes in the potential of the cannabis industry and likes having an active involvement as it develops. You can follow him on Twitter @PoseidonAsset.

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