CLIENT: THE GREEN FUND
OUTLET: BUSINESS INSIDER
Investment strategist Mark Bernberg, who’s launched an investment consultancy for the cannabis industry, believes that Australia could legalise the drug for recreational use within five years and that the company that will ultimately become the Amazon of cannabis doesn’t exist yet.
Bernberg’s The Green Fund is tracking cannabis companies and revealing the trades in his investment portfolio, which has an international focus and argues that despite recent falls in value, the market is flourishing.
But with legal cannabis sales growing an 15% annually and the sector set to be bigger than the beer industry by 2035, it won’t be long before a major corporate such as Coca-Cola, Novartis or a tobacco company backs a new player that will go on to dominate the sector.