Chapter
Investing in Psychedelics: What You Need to Know
45:31 - 51:54 (06:22)
There may be potential for investment in the psychedelics industry, but it differs from the cannabis industry due to the potency of the drug, requiring a strategic approach by companies looking to enter the market.
Clips
The US marijuana industry is making bad decisions leading to over-investment, sketchy business practices, and potentially some shady things going on in some companies.
45:31 - 46:29 (00:57)
Summary
The US marijuana industry is making bad decisions leading to over-investment, sketchy business practices, and potentially some shady things going on in some companies. This is similar to what happened in Canada, which was the first G7 nation to legalize recreational marijuana and launched its industry with a massive rush into it.
ChapterInvesting in Psychedelics: What You Need to Know
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
Publicly traded companies in the US and Canada are investing hundreds of millions of dollars in research.
46:29 - 50:09 (03:40)
Summary
Publicly traded companies in the US and Canada are investing hundreds of millions of dollars in research. There may be opportunities for cannabis companies to enter, but without a strategic approach, it may not be the right route for them to take.
ChapterInvesting in Psychedelics: What You Need to Know
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
The potency of psychedelics is higher than cannabis which poses a challenge to businesses trying to adapt to this industry.
50:09 - 51:54 (01:44)
Summary
The potency of psychedelics is higher than cannabis which poses a challenge to businesses trying to adapt to this industry. M. J. Biz is carefully analyzing whether this new industry aligns with their business model or not.