Robin Goldstein & Daniel Sumner – The Economics of Weed | #424

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 20 June 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s guests are Robin Goldstein and Daniel Sumner, two economists and the authors of the new book, Can Legal Weed Win?: The Blunt Realities of Cannabis Economics. If you are a fan of Freakonomics, this episode is up your alley! In today’s episode, we start with the history of weed and what led to it becoming illegal in the US. Then we get into the competition between the legal and illegal markets, the impact of both good and bad regulations so far, and the future of the cannabis industry from both the business and investment perspective. As we wind down, our guests share predictions for when it will be legalized at the Federal level, and what their worst-case scenario is for when that happens. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online. For more information, please visit acretrader.com/meb. ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser. Better
0:17.4	investing starts here.
0:19.4	Meeth Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Didn't industry regulations, he will now discuss any of Cambra's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:35.6	Hey everybody, we got a really fun show today.
0:42.3	Our guests are Robin Goldstein and
0:44.0	Daniel Sumner to economists who wrote the book can legal weed win the blunt
0:49.1	realities of cannabis economics in today's episode we start with the history of
0:53.5	weed and what led it to becoming illegal in the US then we get into the
0:57.1	competition between the legal and illegal markets the impact of both good and
1:01.4	bad regulations so far and the future of the cannabis industry from both the business and investment perspective.
1:07.0	As we wind down our guest share predictions for when it will be legalized at the federal level and what their worst case scenario is from when that happens.
1:14.7	Now do you know someone who may be interested in hearing about the freakinomics of cannabis?
1:18.5	Be sure to send them this episode. I promise they'll enjoy it.
1:22.3	American Farmland is disappearing at an alarming rate.
1:25.0	According to the USDA, the U.S. has lost four acres of farmland per minute since 2000.
1:31.0	That's a landmass larger than the state of Florida lost a real estate
	...

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