The cannabis industry is rapidly growing in the U.S. and is projected to reach around $45 billion in revenue this year. With recent discussions around the potential declassification of marijuana from a Schedule 1 to a Schedule 3 drug, investor interest in cannabis stocks is on the rise. On this episode, Henry Miller, Managing Director for Polaris Capital Group, shares his expertise on the current state of the cannabis market and what it means for investors.
Henry explains the varying dynamics of the cannabis sector across different states, emphasizing the importance of state-level legalization processes. He discusses the initial frenzy of activity and competition as new markets open up, followed by a period of steady growth. For those considering investing in cannabis, Henry highlights the significance of understanding the fundamentals of the businesses involved and cautions against getting caught up in the hype of perpetual growth.
As we approach the end of 2025, Henry also shares his outlook for the cannabis industry heading into 2026. He anticipates a seasonal bump in sales during the holidays and expresses excitement about the potential for consolidation within the industry. With discounted valuations presenting a unique buying opportunity, this episode is a must-watch for anyone interested in the future of cannabis investing.