PHOTO: Risk VS Return
Over the weekend, I had a lovely chat with a fellow financial publisher from Auckland.
Among other topics, we discussed New Zealand’s up-and-coming trends with the best investible potential. Eventually, we ended up on that dirty word — cannabis.
My peer reckoned that the Kiwi market wasn’t ready for something so radical, so challenging, so divisive…
He suggested that, to most, the fact that cannabis has ethical implications will be enough to prevent them from wanting to dabble in the new market.
As investors — and also generally as a population — Kiwis are conservative, he stated.
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