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Bailey McCann, Opalesque New York for New Managers: The cannabis market can be tough to invest in. Many of the opportunities are privately held and the public stocks are prone to volatility. A new firm - Measure 8 - is approaching both the public and private markets with the view that volatility can actually be beneficial to performance. Measure 8 is founded by Boris Jordan, the Chairman of Curaleaf, the largest multi-state cannabis operating company in the US.
Opalesque New Managers spoke with Justin Ort, co-founder and CIO at Measure 8, who says that because the cannabis industry is developing so rapidly, successful investors will want to view volatility as a feature of their investment strategy, not a bug.
"We're extremely bullish on the long-term case for cannabis but the facts are that this is a rapidly developing industry and that's going to lead to some short-term volatility. It doesn't make sense to me then, to build a strategy that isn't prepared to handle that volatility. You can either work with it or be held captive by it," Ort says.
Measure 8 currently runs a long/short cannabis hedge fund and a venture capital fund. Ort calls this a "full spectrum" approach to cannabis investing. The public-private mandate positions the firm to capture opportunities early while the public market is still maturing.
For the hedge fund, Ort is relying on the manageme...................... To view our full article Click here
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