American Cannabis: The Other “Wall of Money” — Live with Todd Harrison

Published on
February 16th, 2021
Duration
55 minutes

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American Cannabis: The Other “Wall of Money” — Live with Todd Harrison

Live ·
Featuring Todd Harrison and Max Wiethe

Published on: February 16th, 2021 • Duration: 55 minutes

Todd Harrison, founder and CIO of CB1 Capital and special advisor to the $MSOS ETF, was banging the table on cannabis multi-state operators (MSOs) long before he appeared on Real Vision with Tony Greer back in November. The sector has seen an incredible run, but even since that interview with Greer a few short months ago, many of the stocks he outlined have risen sharply with some having gone up over 100%. Harrison returns in this interview with Real Vision editor Max Wiethe to update viewers on his picks considering the massive run we’ve seen and drive home his core thesis—that cannabis is going to be big business, and it’s unfolding right before our eyes. This may seem obvious, but what isn’t as obvious is the advantage that individual investors still have at this moment in time. Much like with other new asset classes like crypto, regulations have not kept up with investor appetites, and a wall of institutional money is waiting to pour into this sector that’s still trading at a massive discount compared to its Canadian counterpart.

Key Learnings:
The combination of relative cheapness, secular trend shift, regulatory arbitrage, and clear catalysts make cannabis MSOs the ultimate example of an investment idea tailor-made for the current frothy environment.

Comments

Transcript

  • DF
    Douglas F.
    20 February 2021 @ 20:18
    Mr. Harrison did fine until he drew a blank on Planet 13, revealing his thin knowledge of the operators in the sector. Follow him at your peril.
  • bt
    brian t.
    19 February 2021 @ 05:15
    Some back door deals happening with Liberty Health Science and Ayr merger, padding the admin fees and.... The suppressed stock prices not in favor of the stack holders. There is potential growth in the space only when deregulated, allowing inflow of institutional $$. Cana is a will be a much bigger space than psychedelics, especially if you need to get insurance to pay for treatment in a controlled therapist space.
  • cb
    carter b.
    18 February 2021 @ 18:49
    awesome, as usual to hear Todd talk cannabis !!!
  • JW
    J W.
    18 February 2021 @ 18:48
    I am always very appreciative of the amount of knowledge Todd shares with us here. Maybe next time we can spend more time on some of the business dynamics & trends in the industry as well. Thanks Todd (and Max for doing a good interview) !
  • PG
    Philippe G.
    18 February 2021 @ 15:27
    Yeah...the impairments and capital destruction in the Canadian space...what a tragedy. Kicking myself for not dipping my toes into Village Farms in the early innings. Like Todd H. mentioned, these guys have been running greenhouses and growing for decades. Not some random MBA riding the hype train with a flashy slide deck harping about some ridiculous total addressable market estimate
  • ST
    Sri T.
    18 February 2021 @ 03:58
    Todd Father!