EXCLUSIVE: Poseidon's Paxhia Eyes Innovation Resurgence Amid Cannabis Industry Lull

Zinger Key Points
  • Morgan Paxhia of Poseidon highlights cash constraints hindering cannabis innovation; points to market gap in consumption alternatives.
  • Founded in 2013, Poseidon Investment stands strong in the cannabis sector with its diversified approach and industry access.

In a time when product innovation in the cannabis industry is at an ebb, Morgan Paxhia, managing partner at Poseidon Investment Management, sees potential for a resurgence.

What Happened: Speaking exclusively to Benzinga at its Cannabis Capital Conference in late September, Paxhia noted that while many industry trends are well-tracked, there is a noticeable slowdown in innovation due to cash constraints, which poses a challenge.

“There’s probably a lot of consumers that might not want to smoke or vape, but would like to have other ways of approaching cannabis,” Paxhia highlighted, noting a market gap for alternative cannabis consumption methods.

Founded by siblings Morgan and Emily Paxhia in 2013, Poseidon Investment Management is one of the longest-standing dedicated cannabis investment funds.

Read Also: EXCLUSIVE: 4 Cannabis Insiders Share Tips On Technology For Marijuana Retail

Why It Matters: Over its nine years, the firm cemented its position as a cannabis industry leader with a diversified investment strategy. From cannabis growers to software companies specializing in compliance, POS, payments and analytics, Poseidon's reach extends across the sector.

Beyond its investment prowess, Poseidon’s early entry and commitment to the cannabis space has cultivated a level of trust and access few can match. By backing companies when others hesitated, the firm has secured unique industry access, further solidifying its influential position in the evolving cannabis landscape.

Read Next: EXCLUSIVE: Unlocking Potential Of Ancillary Companies In Cannabis Industry

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.