Morgan Paxhia

In a recent episode of Benzinga Cannabis Insider, Morgan Paxhia, co-founder and managing partner of Poseidon Investment Management dropped a bombshell that is sending shockwaves through the cannabis investment community. Paxhia, a prominent figure in the cannabis investment space, shared...

New Jersey Gov. Phil Murphy did the cannabis industry in his state a huge favor when he signed a law decoupling marijuana businesses from federal IRS Code Section 280E, the bane of the industry’s collective existence.  What happened: The legislation, written by New Jersey...

A group of bipartisan lawmakers introduced a marijuana cannabis banking bill in Congress on Wednesday.  What happened: US Senators Jeff Merkley (D) and Steve Daines (R) along with US Representatives David Joyce (R) and Earl Blumenauer (D) introduced the bipartisan, bicameral...

With marijuana being classified as a Schedule I drug under federal law, state-licensed cannabis businesses are cut off from accessing capital financial institutions such as banks. This leads to the question of how economic storms like the one caused by the recent failure of Silicon Valley Bank, a...

Last week the US economy got clobbered by the biggest banking collapse since 2008 when the parent of Silicon Valley Bank, SVB Financial Group (NASDAQ: SIVB) failed to raise enough capital to continue. It's now being shopped around by bankers. The news came on the heels...

“Someone’s sitting in the shade today because someone planted a tree a long time ago.” Warren Buffett  As one of the world’s most famous and wealthy investors wisely said – it takes time and patience to appreciate the fruit of hard work. But, nothing is sweeter...

Cannabis operators tell Benzinga that there is much to be thankful for as the United States heads into Thanksgiving this year. Dozens of sources cited a range of subjects they're thankful for, including the eroding stigma against the plant, growing sectors and state marketplaces...

Poseidon Investment Management, one of the longest-running dedicated cannabis investment funds, announced Wednesday the launch of the AdvisorShares Poseidon Dynamic Cannabis ETF (Ticker: PSDN). PSDN, which will begin trading on Wednesday, November 17, 2021, is sponsored by AdvisorShares and will be...

Poseidon Asset Management is dedicated to providing a portfolio focused on the cannabis industry that allows investors to grow with the company.  Morgan Paxhia, co-founder and managing partner of Poseidon Asset Management, appeared on Benzinga's YouTube...

California-focused cannabis company Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) entered into an agreement to buy an Oakland-based cannabis manufacturer Sublimation Inc. (“Sublime”) for $43.8 million. Sublime, which launched in 2016, developed a popular line of high-potency and affordable...

Poseidon, one of the longest-running dedicated cannabis investment funds, recently launched the Poseidon Garden Fund in partnership with CanopyBoulder founder Patrick Rea and former CanopyBoulder director of operations, Celia Daly. The $50 million fund will invest in roughly 20 companies across all...

And why we believe Cannabis is the Greatest GAARP (Growth at a Reasonable Price) Story of a Generation. by Morgan Paxhia, co-founder of Poseidon. As investors in cannabis for the last 8 years, we have managed through more than most could fathom in a lifetime. We had one of the most...

A few weeks ago, Benzinga had the chance to visit the offices of Poseidon Asset Management, a San Francisco-based cannabis-focused long/short hedge fund with more than $40 million in assets under management. Co-founder and managing partner Emily Paxhia mentioned and her brother and partner...