JW benefitted from large bets on the cannabis industry.
. In an interview, Wild said he's still bullish on the industry's prospects, thanks to new states like New Jersey legalizing cannabis and top Democrats, including Senate Majority Leader Chuck Schumer, pledging federal cannabis reform as a top priority this year.Wild, who is the president and founder of JW Asset Management, told Insider his top picks are TerrAscend , Florida-based cannabis company Trulieve, and Green Thumb Industries.
The firm's 2020 performance was driven in large part by bets on GrowGeneration and TerrAscend, according to financial returns shared exclusively with Insider. JW manages over $2.2 billion across three separate funds, including a pure-play cannabis fund. Wild estimates JW's total cannabis holdings are well over $1.5 billion across the firm. Wild said that for the short term, the only way most institutional investors are able to invest in the US cannabis industry is through picks-and-shovels companies like GrowGeneration, which is perhaps one of the reasons for the company's eye-popping stock performance over the past year.
Roger_Clinton1 No doubt Prohibition ending in days if not weeks $MSOS going to triple, own them all, it’s still 1st inning MSOGang stocks StocksToWatch StockMarket stonks StocksToBuy
Roger_Clinton1 Agreed Prohibition ending in days if not weeks $MSOS going to triple, own them all, it’s still 1st inning MSOGang stocks StocksToWatch StockMarket stonks StocksToBuy
Which 6 stocks?
I just moved to your city, who wouldn't mind showing me interesting places?
we have computers doing the thinking, we can damage our brains with no remorse...
🤔