Is Cannabis the New “Alternative” Alternative Investment?

This might be the beginning of a new wave of professional funds and investors entering the rapidly growing cannabis industry.

The New York Hedge Found Roundtable, made up of professional investors who generally focus on “alternative investments,” the other day said its members believe investing in cannabis companies is “appealing.”

The normal alternative investments one thinks of, derivative securities, hedge and private equity funds and managed futures, tend to be reserved for rich people, institutions and family offices.

Some in this community are beginning to find interest in “alternative alternative” investments such as art, sports teams and yes, marijuana.

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