Wednesday, February 28

Tag: marijuana industry

Canadian Hedge Fund, Anson Funds, Takes the Long-Term View on Weed: Why It Matters
Marijuana

Canadian Hedge Fund, Anson Funds, Takes the Long-Term View on Weed: Why It Matters

Should you be optimistic about investing in the marijuana industry?  While the issue continues to be an intense debate in the US Government, investors are placing their bets before it gets resolved. One such investor is Anson Funds, a hedge fund with offices in Dallas and Toronto, which manages $1.6 billion in assets. Anson has changed its outlook on weed over the past year as they believe the space is home to some of the most attractively valued companies on the market. Two years ago, the US House of Representatives successfully passed the Secure and Fair Enforcement Banking Act 21. The bill would have protected banks that serve legal cannabis-related business - currently an issue of great contention between the federal government and businesses working in states that have le...