Making the Green Greener in the Cannabis Industry

When you think of Wall Street, you picture gray suits and leather briefcases strutting down a New York block at full speed with phones glued to their ears trying to close a deal in a hurry. When you think about cannabis, a laid-back attitude paired with a content smile shines through the clouds and tells you it's all going to be alright.

 

But what if you mix the two? Combine one business with another?

 

When medical cannabis was legalized in Canada, very few were given the heads up about this investment opportunity. After all, it was slowly seeing progression on both the social and political fields across different nations.

 

One New York pharmaceutical hedge fund manager, Jason Wild, got a call from a banker in Ontario in 2014 with news that investing in medical cannabis could change the trajectory of his place in the game. With the newly legal product making its way into the nation's market, Jason knew this was an opportunity he had to jump on. And, with that, he hit the jackpot.

 

Jason started his first fund in 1998 with $100,000 after getting his license to practice as a pharmacist the year prior. His knowledge in medicine helped him pivot from big pharma to "a more entrepreneurial" business model, he says, which was investing in smaller pharmacy companies like Arbor Pharmaceuticals LLC.

.css-dsh549{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-flex-wrap:wrap;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;}@media only screen and (max-width: 599px){.css-dsh549{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-dsh549 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}