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Meet the Brother & Sister Team Behind a Cannabis-Focused Hedge Fund

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Submitted by Marijuana News on Wed, 09/07/2016 - 08:54

A brother and sister duo are the brains behind the newest arena of hedge fund management; legal cannabis-focused funds.

Morgan and Emily Paxhia lost their father to cancer in 1996, and at the time treatment via medical cannabis was mostly illegal and socially unaccepted.

The experience compelled them to jump into the marijuana space as both investors and advocates – Yahoo Business reports.

In 2013 they started Poseidon Asset Management, based in California. It was one of the first legal cannabis-focused hedge funds.

Three years later the firm has grown to a portfolio of 27 companies, up from just 11 in 2014, with many more deals in the pipeline.

Morgan, who Emily describes as a "brilliant economist," said that their interest in the marijuana came in two parts. First, they saw a clear opportunity to make money. Second, they truly wanted...

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