Top Cannabis Private Equity Fund

Top Cannabis Private Equity Fund

Top Cannabis Private Equity Fund with Larry Schnurmacher Managing Partner of the Phyto Partners Cannabis Venture Capital Fund. Our next guest is a managing partner for a Cannabis venture capital fund recognized by Forbes as a Top Cannabis Private Equity Fund which has invested in over 30 privately held Cannabis businesses. He was a financial advisor at Morgan Stanley but he then researched the growing cannabis industry and left Wall Street to be a part of it. Their firm’s portfolio touches nearly every vertical in the cannabis supply chain, but it largely focuses on the ancillary companies that support licensed operators. Investing around $20 million in more than 30 ancillary cannabis companies.

Top Cannabis Private Equity Fund

These are mainly companies offering services like technology, data management, human resource management, staffing solutions, and agricultural testing to licensed cannabis producers. Cannabis investors used to chase Canadian operators focused on ramping up production to meet the growing demand of a newly legalized Canadian recreation market and, ultimately, booming markets in the U.S. and overseas. Then, the Canadian gold rush faded and more U.S. states legalized marijuana consumption, Cannabis Investing then shifted focus to U.S.-based multi-state operators (MSOs) and now there is major retrenchment across the industry that may be a sign that the Wild West days are over.