"Think back to really any cyclical industry or any consumer-driven industry where there are moments of excess and growth and contraction of that growth," Camilo Lyon, chief investment officer at Curaleaf Holdings Inc CURLF, began his talk at the recent Benzinga Cannabis Capital Conference in Miami.
His insights into the cannabis industry's rapid growth, excess supply, and eventual balancing act were a highlight of the event. Want to hear more? Curaleaf's executive chairman of the board, Boris Jordan will be present as a keynote speaker at the upcoming Benzinga Cannabis Capital Conference. Mark your calendars for September 27-28 in Chicago.
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Lyon walked attendees through the journey the cannabis sector has traversed in recent years. "There is a hyper-growth phase that the cannabis industry went through where money and funds came in to really capitalize on what was a faster catalytic path and growth path based on expectations around new states coming online or social equity licenses being issued faster than they have been," he remarked.
This hyper-growth brought an influx of capital, leading to an over-saturation in the market. "And so that created this excess amount of supply," Lyon continued, giving a nod to the industry dynamics that are not unique to the cannabis sector. "Now we’re on the backside of that excess supply as it’s coming down," he said, pointing to the natural ebbs and flows of an emerging market. His optimistic view suggests that this decline is a natural progression in the life cycle of any budding industry.
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Diving deeper into the historical context, he added, "What that the preceding three or so years we would describe them as being the accumulation phase of our assets."
For those interested in hearing more about industry insights and networking with professionals, the Benzinga Cannabis Capital Conference is returning to Chicago on September 27 and 28. All information is available on bzcannabis.com
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!