Aaron Edelheit returns to the podcast to discuss all of the opportunities he's seeing in the cannabis world and why he's chosen now to launch a Cannabis focused fund.
Aaron's Cannabis manifesto: https://mindsetvalue.substack.com/p/the-cannabis-manifesto
Seth Rogen profile I mention during the pod: https://www.nytimes.com/2021/04/20/magazine/seth-rogen.html
Chapters:
0:00 Intro
2:45 Why is Aaron launching a cannabis fund now?
12:00 Professional athletes and cannabis
16:55 How Cannabis today reminds Aaron of single family homes after the GFC
26:50 Aaron's views on federal legalization
37:35 Is Aaron more interested in the direct cannabis plays or the "picks and shovel" providers?
45:50 Using Verano to highlight the growth and valuations Aaron is seeing
54:00 Will the industry stay vertically integrated, or will we start seeing more focused players?
58:55 The tax issues with cannabis plays and why EBITDA is so important here