#51 - How to Invest for US Legalization of Cannabis

In this week's episode we are excited about acceleration of future legalization of cannabis in the US and we discuss trading and investing strategies for cannabis stocks. 1) Biden - Sanders Task Force Plan - How real is this? How does it play into the coming Democratic National Convention? - Social Justice reform, Police reform and change all accelerate cannabis legalization - DNC provides an opportunity for democrats to discuss ending the war on drugs  CAUTION - legalization hype is building quickly but actual legalization takes years to pass and implement 2) Investment Strategies for Legalization Hype Many different ways to play this with various risk/reward - which makes the most sense? a) "The Big 4" - GTI, Trulieve, Cresco & Curaleaf - obvious candidates as retail comes in b) Ancillary & US-Listed Companies - IIPR, Greenlane & GrowGen c) Tertiary Plays - Canadian LPs, Foreign Companies, Low Cost Countries Remember: Hype is not rational - capital will flow regardless of valuations US Legalization hype will make Canadian hype look like "a drop in the bucket" 3) Institutional Capital Flowing into US Cannabis - How will it play out? - When should investors get in? When to get out? - What are the best risk/reward strategies?