CEO Irwin Simon told CNBC this week that his company would take a two-pronged approach to business while legislation hangs in the balance: focusing on countries where the substance is federally legal and developing brands in cannabis-adjacent markets.
This targeted approach should help"insulate" publicly traded cannabis companies against margin pressures after a difficult 2021 in which cannabis ETFs declined between 20 and 40%, said Seymour, who is also founder and chief investment officer of Seymour Asset Management and a CNBC contributor.
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