Chris Webber launches private equity cannabis fund
Some may find this of interest. It could even pay dividends. OK enough schtick.
February 17th, 2021 at 4:42 PM ^
A pot pot of money.
February 17th, 2021 at 4:50 PM ^
The goal is to invest in "underrepresented entrepreneurs pursuing careers in the cannabis sector."
So basically everybody I knew in college...
February 17th, 2021 at 4:50 PM ^
perhaps a veritable pot of gold
February 17th, 2021 at 4:51 PM ^
Big Mitch approves
February 17th, 2021 at 5:32 PM ^
Doubtless. I was going to suggest that he be hired as a portfolio manager or analyst. Maybe even managing director.
February 18th, 2021 at 8:03 AM ^
Quality Control Manager / Lead QA Analyst
February 18th, 2021 at 8:37 AM ^
That'd be like hiring a fat man to run a donut shop. Do you really want to hire a guy who uses his own product?
February 18th, 2021 at 10:26 AM ^
someone has to grade the product, don't they?
February 17th, 2021 at 4:52 PM ^
Im calling a timeout on this idea.
February 18th, 2021 at 9:08 AM ^
Too soon
February 17th, 2021 at 4:53 PM ^
I think private equity sector specialization has officially jumped the shark.
February 17th, 2021 at 5:02 PM ^
I'm high on this idea. It addresses a chronic disparity in the industry.
February 17th, 2021 at 5:10 PM ^
Ironic chronic?
February 17th, 2021 at 5:16 PM ^
My favorite quote;
"The legal cannabis industry can only grow to its full potential when all stakeholders have a seat at the table"
February 17th, 2021 at 5:16 PM ^
Buy low, sell high.
February 17th, 2021 at 7:04 PM ^
Eat snacks.
February 17th, 2021 at 5:17 PM ^
He can sell nickel bags and call them fab fives
February 17th, 2021 at 7:32 PM ^
I missed this the first time through, I'm glad I re-read the thread because this is my fave for the day. Nicley done man.
February 18th, 2021 at 3:50 PM ^
I'm going to name a strain that I breed down the road Fab Five because of this comment. Well done.
February 17th, 2021 at 5:50 PM ^
I'm here for the pump and dump thread.
February 17th, 2021 at 5:57 PM ^
I give him credit for trying to even the playing field a bit. Due to financial regulations around the sale of weed at the federal level it can be really hard to get traditional financial support for these businesses, especially to POC, so this is a nice bridge for some. And weed sales themselves are immensely profitable, so it makes sense from an investment perspective.
February 17th, 2021 at 7:43 PM ^
... and by hard you mean impossible.
Here in Colorado, weed is still a cash business.
If anyone ever figures out how to make a banking system for weed, they are going to be up there with Rockefeller and Carnegie and Vanderbilt type money.
February 17th, 2021 at 8:11 PM ^
It already exists. It's called cryptocurrency. :-)
February 18th, 2021 at 8:00 AM ^
In Florida we have a system called canpay that acts as a middle man btw the dispensary and the bank. And it’s free! They just scan your phone and you’re good to go.
February 18th, 2021 at 2:19 PM ^
Do you know how that works? Be interested in hearing more.
Here, banks won't do business with shops. When shops tried to go through a middle person, banks got wise and blocked them too. The banks considered that money laundering for all intents and purposes.
February 17th, 2021 at 6:56 PM ^
You know, I gotta admit I’m happy that drugs are winning the war on drugs.
February 17th, 2021 at 7:38 PM ^
Then you're going to love what's coming soon to a theatre near you.
February 18th, 2021 at 8:51 AM ^
You must have been thrilled during the crack and opioid epidemics...
February 18th, 2021 at 3:47 PM ^
Interestingly enough, just fyi...
"Cannabis access is associated with reduced rates of opioid use and abuse, opioid-related hospitalizations, opioid-related traffic fatalities, opioid-related drug treatment admissions, and opioid-related overdose deaths."
https://norml.org/marijuana/fact-sheets/relationship-between-marijuana-and-opioids/
February 18th, 2021 at 5:09 PM ^
I appreciate the link. I'm somewhat familiar with Norml's broad talking points and more familiar with its organizational stance as an advocacy tool with the goal of fully legalizing recreational marijuana use. The key word in the quoted portion above is "associated," which, of course, is not to be confused with correlation or causation. Association, Correlation, and Causation - https://www.nature.com/articles/nmeth.3587. They may live in the same house, but that doesn't mean increased cannabis access has any impact, at all, upon reduced rates of opioid use and abuse, etc.
The second thing that comes to mind is "cannabis access," which makes me wonder whether we're talking about access to medical marijuana to be used as an alternative to opioids in patients suffering from chronic pain, or just full access to marijuana for whatever purpose.
Also, any thoughts on the relationship between marijuana and crack cocaine?
In any event, my response was to DrJaws' glib comment upon drugs "winning" the war on drugs. Based on what I see, the issue is both societal and personal in dimension, and often, we lose sight of the tree for the forest.
February 18th, 2021 at 7:02 PM ^
Yeah, they're not a perfect organization, but the link in that info is generally solid. Your forest for the trees point is spot on.
As far as access, the issue with differentiating cannabis use vs. "medicinal" cannabis use is only that a medicinal user has registered as such with the government. Many cannabis users are vets that have come back from wars over the years with a few seeds and were able to be self-sufficient from that, (to make strains like Tahoe OG- https://www.leafly.ca/news/politics/how-vietnam-veterans-expanded-americas-cannabis-strains) but they're not necessarily included as "medical" users because of government distrust.
Personally, I don't find the delineation between recreational use and medicinal use necesarily helpful or effective in terms of harm reduction. I understand the idea behind it, but it all operates on the assumptions that people have doctors and reliable medical history to vouch for a medical need, which can be a barrier for impoverished people.
There are many people that have been forced to operate outside the medical system. Such as the phenomenon of people that have warrants out not going to hospitals if they get shot and being forced to turn to the black market for pain relief.
Honestly the same goes for the use of the word drug, you know? We all go to the drugstore, it just refers to medicine. Plenty of medicine can be abused and become harmful, but it's not harmful in and of itself, or in proper doses. I don't have a solution for this or an alternate word, but it's definitely a curiosity. The war on drugs did damage to the English language, apparently.
I'll start off by saying I've never done crack, so I can't personally vouch for the effects of it or give any accurate insight into its effects. Same with coke. I don't understand the mind of the average crack user or how the addiction to it works. It's possible that there are cannabis strains that would help with withdrawals if a person were trying to quit. Maybe a super racy Malawi would mimic the effects enough?
But opoids I can talk about. People get prescribed opoids for pain, right? And it's effective in the short term and when discontinued when no longer needed. But then that's the thing- it's HARD to tell when they're no longer needed. Preventative pain management is real, but it's a VERY slippery slope towards addiction.
Opiate withdrawal is brutal. It's worse than can honestly be explained, which is the reason that a lot of opoid users keep using. Once a person reaches the point where they get itchy without a fix, that dragon has its claws in them like a parasite. When a person has been awake for 75 hours straight and they feel like their muscles are melting off of their bones and a trip to the corner can fix that, the bigger picture is hard to see.
Opiate withdrawal is so bad that I didn't use them after having surgery to fix a shoulder injury, because the withdrawal is worse than the pain was.
Certain strains of cannabis (and kratom, which is another "natural opoid" that is very addictive, but satisfies the cravings without the risk of OD), and many kinds of edibles can mitigate how symptoms of withdrawal manifest. Many people that are addicted to opiates can't eat properly until their first "fix." We all joke about the munchies, but cannabis can help with that.
February 18th, 2021 at 9:33 PM ^
+1. Informative, and I appreciate the personal info. I want to digest more before posting a response. Will edit in the future.
February 17th, 2021 at 7:00 PM ^
All of a sudden I am hungry.
February 17th, 2021 at 9:45 PM ^
I hope he doesn't smoke the profits away.
February 18th, 2021 at 3:30 AM ^
I was gonna start a private equity cannabis fund
But then I got high
I was gonna file the paperwork
But then I got high
The SEC slapped me down
And I know why
Because I got high
Because I got high
Because I got high