‘Boring’ Cannabis Investments Are Growing at Merida

Merida invests in businesses like Emerald Scientific which sells cannabis science supplies, equipment, and information. Here company vice president Wes Burk demonstrates steam distillation of cannabis terpenes.Emerald Scientific

Mitch Baruchowitz’s investment firm Merida in midtown Manhattan, has deployed $50M in capital to 17 cannabis-related companies in the last year and a half.

While his investee companies are growing quickly and the market is dynamic, Baruchowitz likes to say ‘We invest in the boring parts of the cannabis industry.’ That includes any technology or equipment related to cannabis that gets widely used like laboratory testing services, compliance and data collection software, production equipment, and packaging. ‘There is a lot of traction in lab testing,’ Baruchowitz said for example, ‘because it’s part of the supply chain, so everyone needs it and you can’t get around it.’

  • Publisher: Forbes
  • Date: 2018-09-30
  • Author: Julie Weed
  • Twitter: @forbes
  • Citation: Web link

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Cont.

As the major indexes flirt with new all-time highs, investors understandably have been wondering how far this bull market has to run. While prognostications abound about what ‘inning’ we are in ‘ to use the popular baseball analogy ‘ the answer is that no one really knows, even though all signs point toward continued economic expansion and the rising share values that accompany it.

The history of the markets with regard to the length of bull markets is fairly meaningless. Domestic and world conditions have been significantly different through each of the bull and bear markets that have come before and direct comparisons to our current situation are a guess at best.

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