Top Ways To Invest In Cannabis Stocks So Your Investments Don’t Go Up In Smoke
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 20 September 2024
⏱️ 68 minutes
🧾️ Download transcript
Summary
Anthony Coniglio is here today to talk about how you can invest in cannabis stocks! Anthony co-founded New Lake Capital Partners, a real estate investment trust (REIT) focused on the cannabis sector. Today he's here to discusses the complexities of investing in cannabis! He touches on the challenges and opportunities in the U.S. cannabis market, such as state-by-state regulations, federal restrictions, and evolving consumer preferences. There is potential for medical cannabis, but there is also need for more research to enable broader investment and growth in the industry.
Today we discuss...
- Anthony's 30 years of business experience, and how it led him to co-founding New Lake.
- How the cannabis market has garnered attention since Canada's legalization in 2018, with various investment opportunities emerging in both U.S. and Canadian markets.
- Investing in cannabis can involve direct plant-touching businesses (cultivators, manufacturers, distributors) or non-plant-touching businesses (ancillary services, real estate).
- Medical cannabis is supported by a majority of Americans, but research is hindered by its Schedule I status, limiting evidence on its efficacy.
- The Schedule I to Schedule III rescheduling proposal is still pending, with a hearing scheduled for December to address comments and opposition.
- The cannabis industry is highly regulated, with indoor cultivation facilities focusing on optimizing THC content.
- Consumer preferences are shifting towards edibles and drinks rather than raw flower, indicating potential growth areas in the industry.
- Hemp differs from cannabis mainly in THC content, and can be used for various industrial applications, including products with higher THC through legal loopholes.
- The cannabis sector faces challenges due to federal regulations affecting banking and investment, impacting liquidity and institutional involvement.
- There is a need for policy reform to enable better banking services and research opportunities, which could normalize the industry and recognize its significant employment impact.
For more information, visit the show notes at https://moneytreepodcast.com/invest-in-cannabis-stocks-anthony-coniglio-644
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.8 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.5 | Hello, Smart Money Tree Podcast listeners. Welcome to this week show. My name's Kurt Chisholm, |
| 0:15.2 | and I'll be your host. So today, I'm joined with Anthony Coniglio. How are you doing, Anthony? |
| 0:20.2 | I'm doing great. How are you doing, |
| 0:21.3 | Kurt? Good. Glad to have you on. So this is, we've had a lot of listeners asking for this topic, |
| 0:26.3 | so I wanted to bring it on. So tell us about yourself, your background, and how you got started in |
| 0:30.9 | space. I'm over 30 years in business. Started my career as an auditor, Pricewaterhouse, |
| 0:35.9 | was auditing banks, asset managers, spent the |
| 0:38.4 | next 20 years within banking, ultimately becoming an investment banker and focusing on M&A equity |
| 0:44.4 | and all types of capital raising before I left JP Morgan in 2011 to start up a raising mortgage |
| 0:50.4 | business that we developed a new strategy, scaled it up nationally, sold it to a |
| 0:54.6 | private equity firm. And then we started New Lake in 2019, late 18, early 2019, real estate investment |
| 1:01.6 | trust focused on the cannabis sector. And it was really late 18, where really started to pay |
| 1:06.8 | attention to what was happening around this cannabis sector, high growth business, and |
| 1:11.7 | decided there was an opportunity for us, specifically around real estate and the sector. |
| 1:16.4 | So obviously, people have been talking about cannabis since, well, I guess whatever it is, |
| 1:21.6 | since 2018 or 19, somewhere around there. And people got really excited about it. So I'm curious, where are you |
| 1:28.3 | seeing opportunities in the space? Well, actually, before we get into that, why don't you talk about |
| 1:31.9 | what it means to invest in cannabis? Because there's a lot of different things that people could do. |
| 1:36.0 | But when you talk a little bit around where some of those different spaces are? |
| 1:39.9 | Yeah, I think that's an important place to start because a lot of times when people think about cannabis or they see cannabis on CNBC, they'll often see the Canadian companies like a Tilray or a canopy growth. |
... |
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