5 top cannabis VCs told us where they plan to place their bets, from scooping up distressed assets to the emergence of new markets in Germany and China

• We asked 5 of the top investors at cannabis-focused funds about where they're looking to invest in 2020.
• They discussed why they're still bullish on the industry despite a tough year. Some deemed it a necessary market correction.
• From distressed assets to new cannabis tech, read on for their predictions.
• Click here for more BI Prime stories, and subscribe to our weekly cannabis newsletter, Cultivated.

Though it's been a challenging year for cannabis companies - to say the least - savvy investors still see lots of opportunity on the horizon.

On the public side, cannabis companies saw marquee deals fall through or get repriced, and indexes that track cannabis stocks have lost over 50% of their value since the beginning of the year.

This correction is a necessary one, according to investors Business Insider spoke with. And it'll provide opportunities for investors down the line - whether that means scooping up distressed assets, financing new technology, or looking at growth-stage deals for companies that need capital.

"What we've been through is really a healthy market correction to build a new industry," said Altitude Investment Management Partner Jon Trauben.

Business Insider spoke with 5 investors from the top cannabis-specific funds to get insight into what opportunities they're looking into in 2020.

Check out their predictions here: