Once upon a time, cannabis was part of the counterculture and not a target of venture capitalists. Cheech and Chong, the Fabulous Furry Freak Brothers, and High Times represented the extent of its media reach through the 1960s and into the 1980s. Today, Cheech is one of a number of ganjapreneurs, while the Freak Brothers […]
Thematic investing always involves a key decision – stock pick, hold an ETF, or do both. Sometimes, there aren’t enough quality pure-play companies to build an ETF with, like the space theme. Sometimes there are far too many good companies to choose from, as is the case with the cybersecurity theme. And sometimes you have […]
While we’ve written extensively about cannabis stocks over the years, we’ve only briefly dabbled in them. There’s just too much risk, too much hype, too much volatility, and too many other exciting technology themes we’d rather invest in. Experts in the cannabis space advise that one way to reduce regulatory risk is by investing in […]
It’s exceedingly difficult to find insightful research these days, particularly for investment themes that are popular amongst the status quo. For example, everyone has an opinion about cryptocurrencies. If they don’t, someone will be giving them one soon enough. Real insights become diluted by drivel, and the fracas masks the con men coming out of […]
While the idea sounds good on paper, publicly traded venture capital firms haven’t impressed Wall Street over the years. The original nano VC stock, Harris & Harris Group (now 180 Degree Capital Corp), hasn’t done much and still languishes to this day. There are plenty of names across the pond like IP Group and Trendlines […]
It was the late Robin Williams who once said, “Reality is just a crutch for people who can’t handle drugs.” What D.A.R.E. didn’t tell kids was how much fun drugs can be. If approached with a certain degree of responsibility, some universal truths start to emerge. Heroin is deadly and best avoided entirely. Cannabis is […]
There are certain basic principles they teach you at business school in exchange for that six-figure price tag. The number one goal for any business is to survive. Mergers and acquisitions (M&A) generally don’t add value. And economies of scale are what help larger companies steamroll the competition. Shares of large companies generally have lower […]
Old school dealers always reduce customer complaints by weighing large quantities on the heavy side. A pound of weed will come in at 16 ounces with a few eights throw in for good measure (about 1.5% more weight). The guy moving the bag between buyer and seller often can’t resist the temptation to pinch a […]
Perhaps it was an old urban myth, but everyone used to say that if the cops bust you with mushrooms, just dump them on the floor of your car. As long as they’re not in baggies, you’re cool. We’re not sure if that’s sound advice or not, but soon it may be a moot point. […]
SPACs are now being issued at such a frantic pace that finding the right company has been substituted with finding any company that’s up for it. In its original form, the special purpose acquisition company (SPAC) was meant to be a fund that investors entrusted with a sizable amount of money. The fund’s manager, who […]