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Yoni Meyer, partner at Casa Verde Capital, thinks cannabis will be fairly ubiquitous in five years time according to a recent interview with CNBC, where he discusses the surge in cannabis names like Tilray, Inc. (NASDAQ:TLRY) and his view of the industry.
For those who are not familiar with Casa Verde Capital, it is a marijuana-focusedΒ venture capital firm started by Snoop Dogg with an investment strategyΒ focusing on the ancillary cannabis space.
The ancillary ecosystem is commonly referred to as βnot touching the plant;” this category includes, but is not limited to, agricultural technologies, health and wellness, financial services, technology, media, compliance and laboratory technology.
With investments in companies ranging from the cannabis delivery platform Eaze to the cannabis B2B marketplace provider Leaflink, Yoni and his colleagues at Casa Verde have positioned the firm’s portfolio to rise in value as the legalization trend continues.
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Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.