A new report from Key Investment Partners examines why bubbles burst in emerging industries like cannabis, crypto and psychedelics.
- The paper asks why investors over-value and then undervalue companies in emerging sectors despite increasing consumer acceptance and interest.
- It notes that cannabis capital markets are heavily affected by regulatory milestones and “comprehensibility,” even though “there is frequently a disconnect between the capital markets performance of publicly-listed cannabis companies and the actual growth of the cannabis consumer markets.”
- In cannabis, it identifies three and a half boom and bust cycles since 2014, when REC went on sales in Colorado (see above graph.)
Quick Hit
- MJBiz looks at how operators use technology to get direct customer feedback.
