Business Insider, December 15, 2020
Business Insider recently identified Merida as one of the top investment firms in the US cannabis industry for 2020. Merida was number 2 in capital deployed, and had the highest deal count in the industry. This marks the third straight year since Managing Partner Mitch Baruchowitz was named an up and coming investment star in 2018, that Merida was recognized as a top firm in the space.
When asked about his predictions for 2021, Mitch shared his expectation for a much more evolved medical vertical and his belief that almost every state will go at least medical, while three to four large states will likely approve adult-use.
"Momentum towards normalization of cannabis will continue to drive upward revisions of revenue projections, driven by an acceleration of the transition of consumers/patients from the illicit market into the legal market," he said.
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