Tim Seymour discussed the impact of changing legal frameworks in the cannabis industry, emphasizing the need for adaptable business models and caution in investments.
The long-slumbering cannabis sector has reawakened on a string of recent news items including Germany's partial legalization and possible rescheduling of marijuana in the United States. Tim Seymour, founder and CIO of Seymour Asset Management, joined Benzinga's PreMarket Prep Wednesday and discussed his views on the current "exciting times in cannabis."
Rate cut expectations have driven up risk appetite in the last two months, and equity investors have been pushing up stocks at both ends of the market…