Humbling… How many times have we thought catalysts were on the way, only to find out at the last minute it was just a pawn or a negotiation tactic?

The question remains for optimists like myself: Is the thesis still intact? Yes, but the timing was off. A hard lesson learned—never count on DC for simple, sound decisions on a reasonable timeline.

Let’s revisit the thesis.

Gone are the days of unicorns, but we’re now in a phase where challenges persist, and change could come quickly. Optimist Bryan is still holding on.

How do you balance emotional attachment with a clear perspective on the investment thesis, recognizing these businesses are moving in the right direction and poised to explode?

This week, we sat down with Jesse Redmond to revisit this thesis and explore exactly that.

Cannabis Investing: A Generational Opportunity?
Pick & Shovel Strategies vs. MSOs in Cannabis
Balancing Political Catalysts and Investment Approach

Topics Discussed:

Jesse's background and path into the cannabis industry (00:02:05)

The current state of the cannabis investment thesis and opportunities ahead (00:06:18)

The potential impact of catalysts like Florida going adult-use and Schedule 3 rescheduling (00:09:37)

The relationship and dynamics between the cannabis and hemp industries (00:18:57)

Strategies for investing in the cannabis space, including ETFs and specialized companies (00:22:03)

The importance of understanding the "why" behind being involved in the cannabis industry (00:59:55)

Jesse's predictions for the next 12 months in the cannabis market (01:04:14)

About Jesse Redmond is the Managing Director at Water Tower Research where I cover cannabis and natural products. Before this, I founded two hedge funds and a leading California cannabis collective. I began my career at Franklin Templeton, was an early employee of Fisher Investments, and spent a decade co-managing multiple hedge funds. In this role, I allocated more than $1 billion to hedge fund strategies and conducted more than 1,000 due diligence visits around the world.

In 2016, I founded a dispensary outside of Santa Barbara, California, that became number one in its region. In 2020, I founded Higher Calling Consulting, where he helped investors find the best cannabis investments. Through these experiences, I bring a unique perspective to the sectors I cover.

In addition to publishing written research, I'm the co-host of The Water Tower Hour and Higher Exchanges podcasts.

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Sororas, antiguas pero modernas. Episodio 3: La mujer y la casa. Isabel Quintanilla, la vida en los objetos cotidianos