CNBS - CNBS - Amplify Investments Jumps Onboard The Crowded Cannabis Space

• Cannabis investments continue to be a popular theme for thematic investors the world over.
• Sold as once-in-a-generation investments on changing consumer tastes, most firms are over leveraged fledgling ventures with big promises and negligible earnings.
• Over-extended balance sheets are not an issue per se, particularly when broad legalization and regulatory loosening is taking place.
• But with a macro-environment premised on rising inflation, this sector could be a prime candidate for interest expense downside.
• The sector was never super profitable in the first place – but can it survive an inflationary environment?

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