Behind The Idea #40: Better Than Beer? Revisiting Canopy Growth Corporation With Darren McCammon
It takes creativity to invest in pot stocks at this stage. Valuation isn't there, so you have to imagine the growth ahead, think about how to identify a winner that not everyone else has, and prepare for the ups and downs that are sure to come.
We talk with Darren McCammon, who has already been investing in the industry for several years - including in ebbu, Canopy Growth Corporation's latest purchase - about Canopy and the marijuana industry as a whole. The talk expands the horizons from our first round. The enthusiasm is contagious, and it might bend your consciousness on pot. But as always, caveat emptor et fumor.
Topics covered:
4:00 minute mark – CBD infused beverages (pull quote around the 3:00 minute mark, better than beer) 6:00 – The different compounds – 140! Flavors of pot 10:00 – Growth investing in cannabis and how it fits for a cash flow oriented investor 14:00 – Picking winners in a growth market where numbers are not widely available 17:00 – How far does $4B go in an emerging market? (pull quote around 1530 – competition) 22:00 – Buy the rumor sell the news – how does that affect an investment standpoint? 25:30 – The importance of the Gardner-Warren (“States”) Act 29:00 – Where is the federal government, namely the Department of Justice under Jeff Sessions, on the pot issue? 33:00 – How do patents work in this space, where do they apply? 40:00 – What’s go-to market if you’re addressing health issues? 46:45 – how to curb your enthusiasm 48:45 – Time frame, portfolio management, and the value of sin stocks
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