CB1 Capital CIO Todd Harrison on Banking Reform as Catalyst for US Cannabis Space



CB1 Capital Management CIO Todd Harrison shares his opinion on 2019 cannabis industry catalysts. He discusses the possibility of the World Health Organization voting on the rescheduling of cannabis in March; however, he believes the issue is more likely to be addresses in 2020. Harrison is optimistic that recent comments by the nominee for US Attorney General, William Barr, will lead to reconciliation between state and federal law as it pertains to cannabis. Harrison emphasizes the importance of banking normalization and reform for the US cannabis industry and believes when such reforms are enacted, institutional investors will flood the space. While cannabis is a crop worth $300 billion worldwide, CB1 Capital also sees it as an ingredient with a $1 to $2 trillion market cap globally. Harrison likes multi-state operators like iAnthus Capital Holdings Inc (CNSX:IAN) (OTCMKTS:ITHUF) (FRA:2IA) and KushCo Holdings Inc (OTCMKTS:KSHB) as a picks-and-shovels play.

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