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Cannabis stocks offer higher growth at lower valuations, ETF manager says — the top 2022 trend he's watching
Brand building may be the central theme in cannabis for 2022, portfolio manager Tim Seymour says.
After a disappointing 2021 on the legislative front, larger players will use this year to bolster their presence in existing cannabis markets and adjacent industries, Seymour told CNBC’s “ETF Edge” this week.
“As we look forward to 2022, one of the big themes for cannabis investors should be the emergence of the brands,” said Seymour, who runs the Amplify Seymour Cannabis ETF (CNBS).
You build out brands and categories with adjacency to the cannabis industry like the spirits business, like the beer business, like the food and hemp business,” Simon said on “Closing Bell.”
“Ultimately, one day, you will see a beer out there with THC.