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Timestamps:
0:00 Intro
Cannabis
3:08 Good price action in the sector to begin the week, although AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS) faded late week on broad market weakness. The 50-day moving average did give way on MSOS to end Friday’s session.
5:30 Panel agrees that the key for investors is broadening investment timelines and invest on the assumption that SAFE Banking or major federal regulation is not happening this year.
7:36 Apple will no longer prohibit hosting cannabis apps on its App Store, subject to geo-fencing restrictions. Large corporations are helping the normalization of the industry.
10:20 Cannabis in the Metaverse. How would that work?
11:00 Stay away from any company that claims that it wants to be the “Amazon of cannabis”.
12:06 Senate Bill 1074 in California was introduced and aims to end the flat rate cannabis cultivation tax in the state. We discuss.
14:33 Will the California cannabis market live up to lofty expectations one day?
Psychedelics
16:15 Price action in psychedelics remained flat-to-down this week. A lack of big news meant the sector defaulted to movement in broader biotechnology stocks, which closed down nearly 4%. Cybin mentioned in Tony Robbins New York Times bestselling book, Life Force.
19:52 atai Life Sciences and Cathy Wood talk. Do we see a trend of more institutions and Funds taking positions in the sector.
Crypto/NFT
22:58 Cathy Wood’s Ark invest pegged Bitcoin with a $1 million price target over the next ten years. We discuss whether such price targets should be respected.
25:17 Warren Buffett (or associates) is backing Bitcoin by investing $1 billion in a crypto-friendly bank this week.
27:30 The demographic of the people that keep deriding crypto are the same people who simply don’t understand the new paradigm that crypto represents.
28:24 J.P. Morgan is now officially on the Metaverse.
29:01 Melania Trump NFT
31:45 Finalizing
To view our previous Trade To Black Podcast 23, click here: https://youtu.be/rJIJnIaxJGg
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