Emily Paxhia is one of the earliest investors in US cannabis after starting in 2013. She was an early investor in cannabis behemoth Green Thumb Industries (OTC: GTBIF) and Ascend Wellness (OTC: AAWH). She is currently on the board of Ascend as well.
She is not only one of the earliest investors in cannabis, but she is also one of the most engaged and thoughtful leaders. So, after years backing private companies, I was super fascinated when late last year, she launched an ETF to invest in public cannabis stocks.
What is even more interesting is what her new ETF, AdvisorShares Poseidon Dynamic Cannabis (NYSE: PSDN), can do. Not only does PSDN trade on the NYSE allowing US investors to invest in US cannabis, but it can utilize leverage, specifically up to 150% leverage.
Why is this so interesting to me?
Well, because it is my belief that when cannabis starts down the path to some form of legalization, the path to up-listing for US stocks that touch the plant and are not able to trade on the US exchanges will be clear, and the rush of money into the sector will be overwhelming. As a smart and thoughtful investor, Emily can be conservative now with leverage, but she can also step on the gas with leverage and really juice returns when the timing is right.
In my opinion, her new ETF is potentially a far superior investment than other cannabis ETFs out there and the returns for investors who cannot trade US cannabis stocks could be eye-popping if Emily and her team use leverage the right way.
For this reason and more, I was really excited to talk to Emily and to learn from her. We discussed her new ETF, Green Thumb and Ascend Wellness and even what it is like working with your brother. I hope you enjoy this interview as much as I did.