Episode 20: The Future of Cannabis in the US - Justin Ort, Measure 8ight Venture Partners
Despite all the stigma, cannabis was once a very trendy investment. With Canadian legalization, some public cannabis stocks traded up to nonsensical valuations. Then, inevitably, the bubble popped. Fast forward several years later, the legal cannabis market in the United States has expanded as an increasing number of states have legalized recreational and/or medical usage. While Federal legal status remains murky, revenues and earnings have rapidly increased. While at the same time cannabis stock prices have tanked. That caught our attention. Joining us to discuss the risks and opportunities of investing in cannabis equities is Justin Ort. Justin is CIO at Measure 8 Venture Partners, a leading investor in both public and private cannabis companies. Prior to joining Measure 8, Justin spent over 20 years trading at First New York Securities as a trader and partner.
This podcast was recorded on May 19th, 2022. The respective opinions expressed are those of Mr. Ort and the Biltmore Family Office, LLC investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.
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