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So even though you're operating illegally, as a scheduled drug, you still gotta pay your taxes,

right? Just like that's all the guy I'll postpone, right? So they essentially have to pay taxes on their gross profits which for a lot of folks

gives them an effective tax rate in the 70% range.

Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe and the voice you just heard is Aaron Gray.

He's a cannabis stock analyst at Alliance Global Partners. In a moment, he's going to explain to us why pot stocks have stunk so badly,

even though the legalization effort seems to have growing bipartisan support.

Listening in is our audio producer Jackson. Hi Jackson.

Hi Jackson.

Hi Jack. I know we have a listener question on cannabis.

Who's it from again?

We have Brian from Hawaii.

Brian I got good news.

Today is your day to shine.

This episode is all about your question on cannabis.

We're going to get to it in just a few minutes.

Maybe say a few words about golf first, Jackson what do you think oh yeah

you told me that you're gonna soon make your first visit to a top golf and I

...