Covid-19 and the Cannabis Industry

Every type of battle an industry can face has occurred in the cannabis industry. From insane taxes and regulations, to rampant corruption and shady business practices. However, NOTHING compares to the challenges Covid 19 poses. 

The publicly traded cannabis industry ended 2019 with a capital crash. Now, thanks to Covid-19, cannabis has entered into yet another unknown territory. Early investors and small business owners are now finding themselves with very few options, leaving all of us to wonder – who will survive, who will sell out, and who will close permanently?

The philosopher, Heraclitus, comes to mind when describing the cannabis industry – “the only constant is change”. 

There is one thing we can be sure of, our industry and our world will never be the same again. 

3 Lessons Learned

  • There is a playbook to weathering financial crises:
  1. Fiscal Response
  2. Monetary response
  3. Health response
  • Take this time to get your game plan straight and start seeking investment again – it may sound counter-intuitive, but the goal is to be top of mind when the spigot turns on
  • As the old adage goes: When everyone is greedy, be fearful, when everyone is fearful, be greedy 

Guest Bio and Social Media Links

Colby is a 22 year veteran of the financial services industry working with many of the largest institutional and private investors.  As CEO of Quiver Holdings LLC Colby has provided strategic guidance to private companies throughout their capital raising campaigns. Colby has been educating and managing investors and entrepreneurs on all subjects related to finance and investing.   Prior to Colby’s focus on investment banking and corporate structure he was a top producing branch manager for some of the largest regional and independent broker dealers with an emphasis on branch expansion and post merger integration. 

Colby Mcfadden Linkedin

Credits: 

Audio Editing – Seth Cross – Frontal Lobe Productions

Intro/Outro – Jef Judin

Music – The Master by Flashing Lights

Related Posts

View Post
What You Should Know Before Investing in Publicly Traded Cannabis Companies.
Investing in publicly traded cannabis companies has been on an upward trend for a few years now, and more and more money is being invested by the day. Given my abilities at sniffing out BS, people often reach out to me asking me for recommendations on which companies to invest in. I decided to call upon my favorite, and most trusted wealth advisor, Colby Mcfadden of Quiver Financial and Green Flower Media, to make a series about investing in the cannabis industry to better educate myself, and the masses alike. Let me know what you think!
View Post
Do You Know Rule #1? Always Get Everything in Writing!
Too many people are taken advantage of in the cannabis industry. The more driven they are by compassion, the easier they are to target. Why? Because you don’t hear about it in the news. You don’t hear about it from the victims of such circumstances, be it pride, or a feeling of humiliation/embarrassment, or a lack of substantial proof. All people hear about is the millions made in tax revenue, the billions of dollars the industry is valued at, etc. 
View Post
Good Dream or Bad Dream? The Canadian Cannabis Journey isn’t as Dreamy as you think!
. If you have been paying attention to the rollout of legalization in Canada, you are probably aware that they are in the middle of a huge supply shortage and are having implementation difficulties. What started out as the pursuit of the Canadian cannabis dream, quickly unfolded into the all too familiar cannabis quagmire we see in the states. Sometimes dreams can become nightmares...
Back To Top