Todd Harrison 9/25/18
The #cannabis equity model:
Medical & Wellness = $SPX
Beverage / Nutraceuticals / CPG = $NDX
Sub-sectors include:
Extraction / Nutraceuticals
Biopharm Labs
Cultivation / dispensaries
Cosmetics / Vanity
Pets / animals
Services / media
Industrial hemp / farming
“Against those #cannabis verticals, we allocate by geographic region. We believe the secular bull market in #cannabis 1. will be VERY bumpy and 2. is global in nature. We talk about capital flows a lot b/c the further down the curve you go, the more egregious the inefficiencies.”