Cannabis Industry Evolution & Future Outlook with Josh Kincaid

Josh Kincaid joins the show to discuss his extensive background in finance and cannabis, sharing insights on the industry's evolution and future prospects. With experience as a stockbroker managing a $650M fund and 10 years in cannabis, Josh offers a unique perspective on where the industry is headed.

Key Discussion Points:

• Industry Evolution:
  • Early market optimism in 2018-2019 followed by market corrections
  • Transition from cultivation experts to professional business operators
  • Impact of increasing professionalization in the industry
• Regulatory & Policy Discussion:
  • Potential impact of Schedule III rescheduling vs. full descheduling
  • Interstate commerce implications
  • State-level regulatory variations and compliance challenges
  • Banking reform and 280E tax implications
• Market Consolidation & Future Outlook:
  • Prediction of significant industry consolidation (potentially 97.5%)
  • Geographic concentration of cultivation in specific regions
  • Comparison to wine and coffee industry models
  • Role of technology and automation in operations
• Industry Challenges:
  • Implementation of professional business practices
  • Technology adoption and inventory management issues
  • Quality control and consistency standards
  • Investment landscape and operator requirements