The Dime The Cannabis Titanic: The Reset Ahead, Matt Karnes on What the Numbers Say
Debt is coming due — and we’re approaching a point of no return.
At this stage, it’s not if there will be fallout — it’s who survives it.
The surface-level view of the cannabis industry hides deep financial issues that only become clear when you dig into the numbers. And that’s exactly what Matt Karnes has been doing for years. From cash flow strain to 280E pressures and mounting debt, the industry is heading toward a critical reset.
This week on The Dime, we sit down with Matt Karnes, founder of GreenWave Advisors, to unpack:
- The Titanic metaphor and which companies are heading for lifeboats
- Why a real reset is desperately needed — and what could trigger it
- The numbers behind cash flow, 280E, and the coming debt cliff
If you're looking for signal through the noise, this episode is for you.
Chapters
00:00 Introduction to the Cannabis Industry and Matt Karnes
03:10 Matt Karnes' Journey and Background in Cannabis
06:00 The Current State of the Cannabis Industry
08:51 Understanding Financial Health in Cannabis Companies
11:56 Debt Challenges and Market Dynamics
15:09 Industry Reset and Future Outlook
19:05 The Impact of Federal Regulations on Cannabis
21:46 Positive Net Income and Investor Attraction
23:35 The Role of Government in Cannabis Legislation
28:22 International Movement and Rescheduling Challenges
32:27 Interstate Commerce and State Regulations
36:40 Federal Legalization and Market Dynamics
39:10 Future of the Cannabis Industry: Optimism and Consolidation
Summary
In this episode, Bryan Fields and Kellan Finney engage with Matt Karnes, founder of GreenWave Advisors, to explore the current state and future of the cannabis industry. Matt shares his journey into the cannabis space, the financial health of cannabis companies, and the challenges they face, particularly regarding debt and federal reform. The conversation delves into the dynamics of the market, the potential for industry consolidation, and the optimism surrounding upcoming changes in legislation that could reshape the landscape of cannabis in the U.S. and beyond.
Guest Links:
- https://www.greenwaveadvisors.com/
- https://x.com/GreenWaveMJ
- https://www.instagram.com/greenwavemj/
- https://www.linkedin.com/in/matt-karnes-cpa-13653b7/
Our Links
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