Hilary Kramer
Cannabis Corner: Not Everyone Cheers Kamala
While the vice-presidential debate failed to make much market impact, I heard a few investors cheer when Kamala Harris once again promised to do what she can to decriminalize marijuana across the United States. It wasn’t news. She’s said it before. And it doesn’t change the regulatory environment for the dispensaries or the cultivators that […]
Cannabis Corner: Never Mind Aurora
Aurora Cannabis Inc. (NYSE:ACB) lost a big friend this week when billionaire Nelson Peltz resigned from the board of directors after losing interest in the company. I don’t really blame him. ACB lost a staggering 52% of its market capitalization last month, vaporizing $740 million in shareholder capital. Other cannabis investors felt sympathetic pain. In […]
Let Go of 2020 Market Noise and Concentrate on the Long View
We’ve talked a lot this year about ways investors can shore up their defense and maintain a cushion against shocks. You’re either in that zone at this point or you enjoy the rollercoaster ride. A financial cushion against shocks gives you the confidence to turn off the market noise for a few days, weeks or […]
Aurora’s Big Miss
If you still needed additional proof that the agricultural end of the cannabis business is in trouble, Aurora Cannabis Inc. (NYSE:ACB) revealed everything this week. Sales of dried plant matter are booming and are up 36% over the past year as consumers across North America who have been trapped at home are looking for a […]
Did You Sleep Through the Retail Recovery?
The COVID-19 pandemic was supposed to deliver the final deathblow to the American mall and trigger shockwaves across the commercial real estate landscape. That apparently didn’t happen. And for a lot of investors who’ve gotten out of the habit of checking the government’s economic data, the persistence, and even vibrancy, of the retail universe is […]
CANNABIS CORNER: Solving the Last Mile Problem
We’ve talked about how the smart money in cannabis has swung from the cultivators at the literal ground level toward the retail customer where companies can actually add value and create efficiencies. After all, the agricultural product is just a commodity, subject to the basic economic laws of supply and demand. Too much plant matter […]