Investors gain another entry to marijuana investing thanks to the launch of a new actively managed fund. Foothill Capital Management announced the launch of its new open-end mutual fund, the “Cannabis Growth Fund” (CANNX), on Tuesday (February 26). Eric Banhazl, chairman of Foothill Capital Management, said the firm sees cannabis as still in its infancy stage, but that its potential growth makes it worthwhile to open this fund. The fund will be managed by Korey Bauer, a managing director with the firm. Since 2015 Bauer has been co-managing the All Terrain Opportunity Fund (TERIX). “We believe active management is critical when investing in an industry that has frequent and evolving developments in regulation, applications, and acquisition activity.” The fund from the Arizona-based firm will charge a 0.85 percent fee for management services. According to the prospectus for the new fund, the core investment strategies will hone in eight specific business types: Agriculture technology Ancillary products and services Biotechnology Cannabis products and extracts Consulting services Consumption devices Cultivation and retail Industrial hemp Investors can expect this fund to pursue operations all across the globe where cannabis is legal.

Hemp Land, Cannabis Hemp Blog, 05/07/2022 06:18:00

Open article: https://hempland.net/us-based-actively-managed-marijuana-fund-launches/

Despite all the hardships that come with being in the cannabis business, it hasn’t stopped many from starting their own with the hopes that one day soon, cannabis will finally be federally legal. This article originally appeared on Cannabis.net and has been reposted with permission. According to New Frontier Data, the United States cannabis industry is poised to be worth a staggering $30 billion each year by 2025. Cannabis legalization continues to spread across new states, while members of Congress continue to push for reform. Federal legalization is still being debated, but once it finally breaks through, the cannabis industry can reach even higher heights unlike ever before. In addition, data from Vangst shows that the legal cannabis industry employs over 420,000 people as of January 2022. They add that 280 new jobs a day, on average, were added in 2021. With these statistics, why is it that many cannabis businesses struggle to see profits? A recent survey conducted by the National Cannabis Industry Association polled 396 cannabis business operators from 20 states, with a goal to “establish a baseline of data, and identify the successes and the challenges that operators in the industry are facing.”

Terry Hacienda, The Fresh Toast, 05/05/2022 10:00:00

Open article: https://thefreshtoast.com/cannabusiness/why-are-so-many-cannabis-businesses-losing-money-hand-over-fist/#utm_source=rss&utm_medium=rss&utm_campaign=why-are-so-many-cannabis-businesses-losing-money-hand-over-fist