The Trump administration treats cannabis like an industry: CB1 Capital CIO

TIME NOW FOR THE HOTTEST, MOST EXCITING THINGS OTHER, LEGALIZED MARIJUANA. THE INVESTMENT POTENTIAL FOR SOCIETAL IMPACTS. INVESTMENTS FOX TO THESE STOCKS BUT THERE'S ONE MAJOR AREA IN THE U.S. STILL REMAINS. AT THE FOREFRONT FROM THE BEGINNING HELPED OPEN THE STOCK EXCHANGE, CAPITAL FOUNDER, FOUNDING PARTNER AND CIO, TODD, GREAT SEEING YOU. I DIDN'T REALIZE 20 YEARS HAS GONE BY AND I'VE TAKEN MY EYE OFF THE CANVAS, IT WAS HOT AND EXCITING AND SO FOLKS KNOW, THERE'S MONEY BEING MADE, 2.5 BILLION IN JULY, STILL A MAJOR INDUSTRY EVEN WITH RESTRICTIONS. >> AND DEMOCRATS TREATED IT LIKE A FOLLOW-UP IN THE TRUMP ADMINISTRATION HAS TREATED LIKE AN INDUSTRY THAT IS TAKING STEPS TO NORMALIZE THE INDUSTRY. WE SPOKE 19 MONTHS AGO WHEN TRUMP CAME IN AND I SAID PROMISES PROMISES MADE AND PROMISES KEPT. MEDICAL MARIJUANA IN A WEEK FROM NOW THE FINAL BRIEFS ARE DUE FOR ADULT USE RESCHEDULING AND EXPECT BANKING AND GUIDANCE FROM THE TREASURY AND IRS SO IT'S POSITIVE. >> THAT'S THE ONE BIG HURDLE, DO BANKING AND PROSTATE BANKING, OFF TO THE RACES. >> THERE'S A FEW MISMATCHES RIGHT NOW, THE BANKING SYSTEM AND THE STOCKS AND THAT'S WHY THE NEW YORK STOCK EXCHANGE IS A BIG DEAL IN A HANDFUL OF NAMES LISTED FOR UNIQUE CATALYSTS AND GROWTH AND REGULATORY CLARITY AND CLARITY FOR TO WORK AND WE THINK WE WILL GET THAT INTO THE MIDTERMS. >> WHAT ABOUT SOCIETY? SAVE REJECTED ALCOHOL COMPLETELY. I WALK OUT IN THE BREEZEWAY EVERY DAY, WAY HOME AND THEY -- THE WEED IS THERE. [LAUGHTER] IT'S DISTINCTIVE. IT'S GREEN THE EVEN MORE ON THE FEDERAL LEVEL, I THINK ABOUT OPTIMISM AND EXCITEMENT, I THINK THAT COMES BACK. >> YOU CAN'T WALK AROUND WITH AN OPEN CAN OF ALCOHOL SO I THINK IT WILL COME IN PLACE WITH REGARDS TO CONSUMPTION, BUT THERE'S A MEDICAL AND WELLNESS THERAPEUTIC SAID. >> THAT'S WHAT'S REALLY PICKING UP. >> YOU MENTIONED, PRESIDENT TRUMP, KEEPING PROMISES, BUT MAKE AMERICA HAPPY AGAIN. >> OVER THE LAST DECADE WITH INTOXICATING AND AIR QUOTES BECAUSE INDUSTRIAL USE CASES CANNABIS IS FOR INTOXICATION BUT THERE WAS A BIFURCATION FOR THAT DEMAND OVER THE LAST DECADE. THAT'S AN ALTERNATIVE TO ALCOHOL IN THE THESIS IS RIGHT THAT THE REGULATIONS OF BEEN WHAT HAS GONE IN THE WAY OF THIS PHRASE AND THE TRUMP ADMINISTRATION MUST GIVE CREDIT WHERE CREDIT IS DUE, THEY BEEN THOUGHTFUL AND CONSISTENT, NIGHT AND DAY VERSUS THE FIRE ADMINISTRATION. >> LET'S TALK ABOUT AREAS OF MAKING MONEY. VILLAGE FORMS, IS THIS A EUROPEAN PLAY? >> , A RETIRED NAVY CAPTAIN SO THE FIRST INTERNATIONAL MARKET THEY HAVE A EUROPEAN FOOTPRINT SECOND TO NONE, A TERRIFIC COMPANY SO A BIG POSITION. >> IT BROKE THE KEEP MOVING AVERAGE AND WE ARE TALKING IN THE BREAK, YOU ARE SAYING THIS IS THE ROAD TO BECOMING THE BIGGEST CANNABIS COMPANY IN THE WORLD. >> QUIETLY CONSOLIDATING, A COMPANY WITH A BILLING DOLLARS TOP LINE REVENUE TRADING AT ABOUT THREE TIMES IN LESS THAN A HALF, IF NOT A THIRD OF EARNINGS SO SUPERCHEAP VERSUS PEERS IN THE CANNABIS INDUSTRY FOR THE ADOPTION FROM THE OUTSIDE WORLD. >> EVEN PATIENT AND BY THE WAY, PSYCHEDELICS STOCKS ARE UP FIVE, SIX, SEVEN 100%. HE GOT TO BE WATCHING THOSE WITH ENVY. YOU HAVE BEEN PATIENT, YOU HAVE A TIMELINE? >> THERE'S A FEW THINGS WE THINK WILL HAPPEN. THIS IS SOMETHING PRESIDENT TRUMP CAMPAIGN DON'T. >> KIDS IN CONGRESS? >> ESPECIALLY CANNABIS RESCHEDULED NOW IN PROCESS AND EXPECT A FINAL RULE DURING NEXT WEEK AND AFTER THAT IT'S LIVE AND EXPECTED INTO THE MIDTERMS BUT AND PARTLY, THERE'S A TREASURY IRS GUIDANCE WE LOOK AT AND HAVE BEEN AROUND A LOT SO UNLESS YOU KNOW WHAT YOU'RE LOOKING FOR, YOU DON'T KNOW WHAT YOU'RE LOOKING FOR BUT IT WILL BE BACK TAXES FOR MEDICAL MARIJUANA WHICH WOULD BE BILLIONS OF THE BALANC