Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments.
But with falling crop prices, regulatory uncertainty, and a pandemic that has put the brakes on retail sales, it’s become a foggy picture for investors.
It’s not all bad, however. There are still potential investment opportunities and emerging new uses for the plant, other than the heavily popular CBD.
Industry insiders shared their tips and advice during an investment panel recently at the NoCo Hemp Expo’s Summer Solstice Virtual Conference. They covered topics such as where and how to invest right now, what the hot new trends are at the moment, and yes, some silver linings.
We boiled down their top five takeaways:
GET IN WHILE YOU CAN
“For those of us out there who are really focused on building companies that are built to last, this is your moment. The FDA is probably not going to provide regulatory guidance for some time. It’s going to keep Fortune 500 (companies) on the sidelines until then,” said Patrick Rea, principal at Canopy Boulder.
“So you have some opportunity to do what you should as an entrepreneur and as investors to support a great industry.”
NOT LOOKING FOR ‘IDEAS’