It would appear that the gradual legalization of cannabis is leading big investment funds, pensions, mutual funds, etc., to recognize that cannabis is a compelling area for investment.
However, institutional investors may find themselves uncomfortable with an industry that has been so “controversial” (pardon the understatement) for so long. And at first blush (pardon the expression), they may have doubts about its suitability.
Should the “marijuana” segment be viewed like tobacco as a “sin” industry which various groups will shun for religious or moral reasons?
In the highly segmented investment industries, many institutions may have boards that limit their endowments’ investments to companies and industries that meet certain ethical criteria.
However, I strongly believe that the cannabis industries (note the plural) are not only suitable for ethical investors, they are compelling. And let’s start with Marijuana. Weed. Pot. Grass. Ganja. Etc.