Cannabis Investors Should Move Past ‘Hopeful Phase’ And Focus On Business Fundamentals, Expert Says
As the cannabis industry continues to evolve, investors are urged to shift their focus from government-led momentum to the fundamentals of business performance. Gary Santo, CEO of Rx Green Technologies and upcoming speaker at the Benzinga Cannabis Capital Conference emphasized the importance of moving past the early “green wave” excitement and honing in on the real value of cannabis operators.
Past the Hopeful Phase
Santo argues that the time has come for investors to stop relying on the hope that government regulations will bring a quick turnaround for the cannabis industry. “By now, investors should have moved past the hopeful phase of, ‘Let’s wait and see if the government fixes things.’ That momentum play can’t be the foundation anymore,” he said during a recent interview. According to him, investors must assess companies based on their underlying business models and operations rather than potential regulatory changes.
In the early days of cannabis investing, many companies attracted attention …