The cannabis market was in the midst of a correction when the COVID-19 crisis hit and could emerge stronger than ever.
After a breakthrough period of growth, cannabis startups entered 2020 with depressed values and an uncertain future. Now, with millions sheltering in place, many companies are seeing unprecedented demand and growth opportunities as many states classified the industry as an essential business. TechCrunch surveyed top investors focused on the cannabis market to gather their thoughts on current trends and opportunities. The results paint a stunning picture of an industry on the verge of breaking away from a market correction. Our six respondents described numerous opportunities for startups and investors, but cautioned that this atmosphere will not last long.- Sean Stiefel, CEO, Navy Capital
- Matt Hawkings, Founder/Managing Partner, Entourage Effect Capital
- Karan Wadhera, Managing Partner, Casa Verde Capital LLC
- Larry Schnurmacher, Managing Partner, Phyto Partners
- Mitch Baruchowitz, Managing Partner, Merida Capital Partners
- Morgan Paxhia, Managing Director, Poseidon Investment Management