Half a dozen companies were permitted to grow medical cannabis in Florida, but as of last Thursday, only one was allowed to dispense it. Could this be the golden opportunity Florida cannabis investors have been waiting for, or will further legal entanglements hamstring the southern state? CNBC reported on the matter earlier this week and called on Poseidon Asset Management for comment.
Poseidon co-founder and Managing Director, Emily Paxhia took part in Green Flower Media's awesome Cannabis Entrepreneur Summit last month - and we managed to smuggle a sneak preview out for your viewing pleasure! Check it out here.
As the legal cannabis market expands, the noise of opinions both informed and ignorant grows louder. It's refreshing to hear from the few that have been in the industry long enough to have perspective on the direction things are headed--especially when a national election draws closer each day. Poseidon co-founder Morgan Paxhia appeared in Business Insider recently echoing some of these sentiments.
The article Morgan authored, "5 Things People Still Don't Understand About the Legal Marijuana Industry," has already had over 6,200 views on the site.
"As Americans, it is our right to vote," he writes, "which is a powerful thing, especially when driven by information. When misperceptions block the acceptance of new information, we all lose. Perceptions are a way we filter and process information in the world - sometimes they are beneficial and adaptive, while other times when it comes to misperception, it restricts openness and change."
He goes on to detail some of the most poisonous, biased, and frankly incorrect perceptions which are still held by some American citizens about the plant and its effects. Morgan details some fascinating data regarding what legalization might do to our society, how our youth might be affected, and the role hemp can play in our economy and environment.
Well worth a read, head over to Business Insider to check out what he has to say.
The California cannabis industry recently scored a huge victory—the feds dropped a four year legal assault on one of the most respected medical marijuana facilities in the state, Harborside Health Center. But this is just one battle won in a much larger war. Business Insider covered this latest development in the struggle, quoting Poseidon in the article.
The cannabis industry is distinguished in that women hold far more leadership and executive roles as compared to corporate America. Fortune recently named some of the most powerful women in the industry today, including Poseidon founder, Emily Paxhia.
People talk about how great it would be for cannabis to be legal for adult use in California, but only a small number of visionaries, activists, and truly serious entrepreneurs have put their support behind the most promising measure to get cannabis on the ballot this November. Sean Parker is in that select group. And so is Poseidon Asset Management.
Company valuations – what are they worth?
Not to be too glib, but at times it has seemed like founders were taking the number of Facebook likes they had and adding a few zeroes to the end. For honest investors looking to put capital to work, valuations are very important.
To that end, we also understand that judging a company's value is not easy – especially in light of the fact our industry has so much political overhang to navigate. For this reason, Poseidon Co-Founder and Managing Director, Morgan Paxhia has written a very thorough and detailed guide to valuating your business. It was recently published in Cannabis Business Times.
Whether you are in the cannabis industry or not, if you are an entrepreneur looking for funding, Morgan’s guide to valuating your business is a must read.
Read “What is Your Business Worth?” at Cannabis Business Times now.
In a recent CNN Money feature, Poseidon founder Emily Paxhia was written up for being a leading female figure in the burgeoning cannabis industry.
Much as been written about the distinctly female trend in executives leading companies in the marijuana movement, including this cover story from Newsweek in late 2015.
Some attribute it to an industry that is so new (at least in legal, above-board operations), that it is not yet affected by business’ penchant for male domination, especially at the C-Suite level.
Others have found it justifiably fitting, as the most valuable element of the marijuana plant, the buds, are only produced by female plants.
"Emily Paxhia is one of the founding partners of Poseidon Asset Management, a cannabis-focused hedge fund… that invests primarily in cannabis-related companies, like those in agtech, compliance and industrial hemp technology," the article states. "While the fund has invested in women-owned companies in the industry, it's keen to find more, she said.”
"Female founders are often quite driven and show solid rates of success among startup founders."
View the original article.
Poseidon Asset Management was featured in The Olympian and Sacramento Bee in recent articles on the rush of capital now moving to the cannabis tech sector.
The North Bay Business Journal ran an in-depth article recently on the flood on interest in the legal cannabis industry, calling on Poseidon executives for perspective.