Note: First off, thanks for taking some time with me. I'll try to keep this as easy going and straightforward as possible.
Q: I know many people are familiar with you and what you are known for, but for those people who are still in the unknown how would you like to describe yourself.
A: Many people think I’ve always been involved in the markets, but the truth is I started as just a simple retail investor 1 day back in summer of
2013 when I saw then attorney general Eric Holder give a speech on how the US DOJ would not go after states that had marijuana laws in the books. I began with a $500 trade that went up 50% 1st week and then tanked 50% a few days later. The volatility excited me & needed to try & understand why it reacted the way it did. Finding info at the time on PotStocks was difficult at the time & on January 3rd, 2014 I created the twitter handle @WolfofweedSt as the Anti-Wolf of Wall Street (which just hit theaters) to anonymously discuss all the junk I saw & crowdsource boots on the ground. The rest, as they say, is history...
Q: I know that investing in cannabis companies has been your niche and kind to you. Where do you envision this sector within another year, five, ten years from now?
A: I see it as a baseball game in the top of the 3rd inning. There’s lots of room to grow because there’s a conservatively speaking $50 billion black market to cut into that doesn’t have infrastructure that’s booked as value. I see a consolidation period in 2-3 years within the markets with current leaders expanding into the dream of the Starbucks & Amazons of weed by year 5 and by year 10 I see a lot of the people talking about this sector in retrospect. How they invested & how they made bank and how they wish they spent more time on research rather than hype.
110