When you were buying on the illicit market, you're not paying excise taxes.

If there is an illicit market dealer that's getting much better pricing on their wholesale,

they're going to price that presumably in line to below obviously what you would pay

at retail.

Hello and welcome to the Baron Streetwise podcast.

I'm Jack Howe and the voice you just heard, that's Gerald Pascarelli.

He's an analyst at Wedbush Securities covering cannabis and alcohol and he's talking here

about the illicit trade in cannabis.

Not really something we're going to be talking much about here, I don't really know why

we use that.

Jackson, why do we use that for a quote?

It's provocative.

It draws people in, gets them leaning forward.

You've got to, you have five seconds to get someone's attention on this podcast.

All right, well, now that we've got it, we're going to talk about the legal trade in cannabis

and alcohol coming up and we're going to say a few words about Nelson Peltz and his

attempt to get Disney to give him a board seat and to get the stock moving higher and

whether it might work.

Listening in is our audio producer, Jackson.

Hi, Jackson.

Hi, Jack.

Tell me everything you know about Nelson Peltz go.

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