VIDEO — Cannabis Fund Manager: Expect Status Quo in 2022, Still Time to Position

Expert outlines cannabis sector sentiment

When asked about potential cannabis market catalysts before the end of 2022, Hawkins was direct.

“I don’t see anything unless we get lucky and the SAFE Banking Act passes before the midterm elections,” he said.

That said, the fund manager emphasized that despite the challenges, it’s not all doom and gloom in the cannabis sector. For one thing, politicians will ultimately have to listen to their constituents, Hawkins said — in his opinion, that means support for cannabis policy will only grow stronger.

For now, investors will have to be ready for the current period of status quo to continue. Hawkins noted that his firm is trying to use this time to be ready for eventual regulatory changes.

“We’re just trying to position ourselves to benefit from that in two to four or five years from now,” he said.

Watch the entirety of the conversation with Hawkins above to hear his perspective on the potential of Canadian operators and what his day-to-day looks like.